4 ideas to invest with a stocks and shares ISA
If you’re just starting out with investing, here are a few helpful things to consider.
08:31 27 May 2013
A sharp drop in shares of various markets, including the London market, might have had some people a bit concerned. Luckily, London climbed back a little bit after the sudden drop, while many other key entities remained in worse condition.
The slight bouncing back in the shares could indicate some potentially positive results in the London market, and keeping an eye out for similar results globally would be a great idea. If you haven’t dealt with investing, but are interested in trying it there are a few things you can do such as starting a Stocks and Shares ISA.
- Involvement—first of all, you should think about what level of involvement you want to have when it comes to managing your investment portfolio. Even with a Stocks and Shares ISA you might be able to choose your investments and switch them at any time.
- Independent Financial Advisor—if you decided that you would prefer the advice of a professional, an independent financial advisor may be able to help you figure out what you should do with your Stocks and Shares ISA so that it meets your expectations without causing too much risk if you are looking at maximizing growth.
- Risk factors—with any type of investment there is a certain element of risk. The risks may not be quite as great when using a Stocks and Shares ISA as they would be with choosing a start-up company to invest in, but they are still there. You have to decide how much of your income you want to risk, since there is the possibility of losing the money.
- Length of time—if you have a Stocks and Shares ISA already, you probably know that investing is more effective if you give yourself time to accumulate the funds. Investing with a long-term mindset is essential to weather downturns in the economy so that you can benefit from the increases.