All tagged homeinvesting
If 2019 is going to be the year you finally start investing, what key factors do you need to consider?
In this article I’ve outlined my four steps towards setting investment goals for 2019, or as I’ve coined them: the “TART” of my future investment portfolio.
If you are an employee in the UK then the chances are you are an investor already – because you probably have a company pension. Auto-enrolment has meant that more and more workers have some pension savings invested – and the amounts contributed each month by both employee and employer went up at the start of the tax year, on 6 April.
So, you’ve got some spare cash and you want to invest it for the long-term. Financial markets, and mostly the stock market, are the first place you look, right?
With its booms and busts you can make money, but you can lose money.
For some, it’s so daunting that they don’t bother, leaving the money under the mattress/in savings account. That might be the right answer if you’re not comfortable taking risks.
For most people, their twenties is the decade in which they can least afford to save into a pension. It is a shame, because it's by far the most important one.
Believe it or not, those first ten years of saving can potentially be more powerful than the next four decades combined!