Many people would love to begin investing, but have no idea where to start. There are many different forms of investment; stocks and shares, mutual funds, property investment, government bonds, to name a few. It can be very confusing for the beginner!
There are many guides written to assist you with your decision, but remember, it’s your money, not the broker’s, and you need to be wise about what you are doing, and the type of investment you wish to make. Don’t get caught by the many scams out there, or you may see your retirement funds disappearing along with the scammer, who has made a very nice profit, thank you, from your hard-earned money! Don’t get caught out -remember, if something sounds too good to be true, it generally is!
Investments in property have probably grown more than any other in recent years, but many people have been caught out in the recession due to falling property values. The best thing to do in this situation, is not to try to sell, since you may find yourself in negative equity – i.e operating at a loss – it is probably best to rent the property out, at least until property prices recover. This is the reason why property investment is seen as a long-term option; prices will go up in the long-term but in the short-term they may fall, especially now the boom is over, so bear that in mind.
Investing in stocks and shares, government bonds, mutual funds etc may produce a decent profit, certainly over several years. If you have a good varied portfolio you may well find that you have provided yourself certainly with a comfortable retirement, if not a better life now. However, beware get-rich-quick schemes and remember stocks and shares can go down as well as up!
For further advice, you could turn to a Financial Adviser, who will discuss all options with you and should be able to recommend the best place to invest your money. Ensure you check your adviser’s credentials – attempt to speak to other clients, get a personal recommendation from a friend who has used his or her services, or go for someone who has been working in the field for some time and has plenty of experience. Alternatively, you could, of course, go it alone, but if you are planning to invest in the Stock Exchange then I suggest you read the financial papers, however dull you may consider them – they are not dull when it’s your money and future at stake!
Happy investing, and look out for further articles.
Sandy M.
For further help and advice advice, please feel free to contact me, on e-mail:- invest_support@Sandy51UK.com and I will do my best to help with any problems and queries over your current and/or future investment plans. Don’t forget to whitelist my e-mail so that you will receive my reply!
Remember, there is a lot of differing advice out there, be careful and don’t get caught by the sharks!
Sandy M
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