Mar 27 2023 Investing Help and Advice Filed under Investment by schatzi You may not already know it but you are already an investor. Anyone who puts money into an account which may grow in value is an investor. It does involve a slight risk and the higher the risk the greater the return generally will be. Most of us have a financial goal. Whether we are saving for a deposit for a house or a well needed holiday. We usually begin by saving a little bit of money each month and depositing it into a savings account. When this money mounts up a little you want to think about whether or not that amount can be increased with interest. This is when you start contemplating investing your savings. But where do you start? Is it worth it?… You need to start by working out which type of investment is best for you. Setting up am investment package can help. Things to think about. Returns – Do you want to see the returns as a growth or as income Duration- How long will you be investing for. Access – Do you want to get hold of the money quickly and easily. Risk – You must understand the risk that maybe involved. Why are you investing and how much money do you need to start the process? Think about your personal feelings towards the risk. Are you happy to have a steady income over the years or are you willing to invest in shares which may go up or down depending on the market. The most common are shares and bonds, however some people do invest in property. You could invest in a company, one which may pay a dividend. A shareholder can benefit from any gain, income or profit that the company makes. You can choose the option of a bond which is a lower risk than shares, however you do get what you put in so to speak, so you may find you are rewarded more financially by taking the higher risk option. Make sure you do your homework. Do some research into the type of risk you are taking on. Go online and get some information and details on different investment opportunities. Research the different companies investment options and even research the company itself and get a feel for the possible outcomes and if it matches your personal investment package. Get some advice from a financial advisor who is reputable and has a good experience of investment management. This is advisable and don’t forget you don’t have to put all your eggs in one basket so to speak. Spread it between higher and lower risk options. But always know your limits.