Wealth8 Newsletter | Feb 2024

Hello Friend,?

Welcome to the February edition of the Wealth8 Monthly Newsletter! As we enter the second month of the year, the month of love and relationships, may you use this time to refocus on your relationship with yourself and with your personal finances. Like any great love story, the journey to financial well-being is filled with twists, turns, and valuable lessons.

In the spirit of the upcoming Valentine's Day, let's start by showing some love to ourselves. Take a moment to appreciate the financial goals you've achieved, no matter how small. Whether it's paying off a credit card, starting an emergency fund, or making that first investment, each step is a victory worth celebrating.

Investing, like love, is a risky venture, however this month reminds us that taking some level of risk in life is necessary to achieve the things we want. Consider exploring new investment opportunities and dancing just on the edge of your comfort zone. The Wealth8 app is here to guide you through the steps, ensuring you're well-prepared for every financial waltz, with risk level options tailored to your needs.

For many of us, February also brings harsh and unpredictable weather; financial markets can be similarly unpredictable and unforgiving. Building resilience in your portfolio is key to weathering any storm. So whether you find yourself in inclement weather, financial or otherwise, weather the storm by diversifying your investments and insulate yourself by staying informed. Remember that like any relationship, or temperatures in February, there will be ups and downs; what matters is how you navigate through them.

We wish you all the best in this month ahead, and urge you to stay not only warm in heart, but also cool in mind. Embrace love in its different forms, be it interpersonal, or within yourself and your relationship to healthy finances.

Love,

The Wealth8 Team

??Events??

Jan 31st 2024 - Instagram Live with Bimpe Nkontchou and Mary Agbesanwa

As many of you know, we had a stellar Instagram Live to cap off January, featuring our CEO Bimpe Nkontchou in discussion with Mary Agbesanwa of the Now You’re Talking Network. They had an insightful and enjoyable discussion centred on the theme of Sticking to Your 2024 Goals. In case you missed it, or would like to revisit some of the insights, here is a link to a recording of the livestream.

Feb 29 2024 -Mastering Money, Mindset and Financial Freedom

Surprise! We have an in-person event coming up for you to look forward to, scheduled for the evening of Thursday the 29th of February at the Pavilion Club, 96 Kensington High St, in London. This will be a relaxed opportunity to meet with like-minded individuals, both experienced financiers and newcomers alike. RSVP link via Eventbrite to come soon!

Please anticipate:

• Light bites and beverages
• Networking opportunities
• Exciting talks by two soon to be revealed speakers

?Financial Tips for February?

As we settle into the new year, here are some tips to keep you on track this month!

1. Review Your Budget: An evergreen tip! Take a moment to review your budget for the year. Check if you're staying on track with your financial goals and adjust your budget if necessary. February is an excellent time for a financial check-up.
2. Maximize Tax Benefits: If you haven't already, start organizing your tax-related documents. Take advantage of any available tax deductions and credits. This proactive approach can save you money and reduce stress as the tax season approaches.
3. Explore Investment Opportunities: Consider reviewing your investment portfolio. If you haven't started investing, now might be a good time to explore the options available. Diversify your investments to manage risk and maximize potential returns.
4. Educate Yourself: Keep yourself informed about current market trends and use February as an opportunity to enhance your financial literacy. Read books, read financial news, attend workshops, or explore webinars and other online resources to deepen your understanding of personal finance and investment strategies. This knowledge can be valuable even if you're not currently considering investment decisions.

Capital at risk. When investing, the value of your investment may rise or fall and there are no guarantees you will get back all the capital you have invested.