Points on topic of investments
Investments may not yield expected results.
10:30 22 August 2013
It can be disappointing when investments don’t turn out as planned, but it’s also important to remember that it can take a little while to get things right and there may eventually be benefits.
Here are a few things to keep in mind when starting your own investments:
- Do your research first—it’s difficult to know where to begin if you are unfamiliar with investments. You may even be reluctant to approach a professional if you feel you won’t understand the technical jargon you’ll inevitably be exposed to. Find free online information, library resources, or talk to others who are more familiar with investments to find out the basics first.
- Decide how you want to begin—if you have a lot of money and are wondering what to do with it, you might decide to invest in property first because that value should increase over time, and it allows a potential additional source of income which makes it a good investment. If you don’t have enough for property you may want bonds, money market accounts, Independent Savings Accounts, or other options.
- Stick to your financial target—when you start with investments it can be easy to be overly optimistic about the results, so before you talk to anyone about investments you’ll want to decide the amount you are comfortable with investing and adhere to that target.