The aim of investing is to look after and grow your wealth or to secure an income when you no longer work.
Investing is about taking control of your finances and, crucially, managing the associated risks. After all, the value of your investments will fluctuate and, in a worst-case scenario, it’s possible that you could lose all the money you invested.
But then most things in life carry some kind of risk. Even keeping money in cash isn’t 100% risk-free, as the interest rate on a savings account could be lower than the rate of inflation, meaning the spending power of money goes down over time and you can’t buy as much each year with the same amount of money.
Investing wisely could therefore be crucial in building wealth and in order to do that, it is important to be as well informed as possible.
So, what should you do with the money you want to put away for a house deposit, a rainy day or to provide for your children? How can you make your retirement savings work harder for you, whether you’re currently contributing to a pension scheme or are already retired?
If you’re unsure whether investing makes sense for you, then you should speak to an adviser today.