09:13 16 June 2013
It is a bit of a concern when banks announce they are scaling back on their investment sectors, such as the announcement recently made by RBS bank. In reality, we all need to monitor finances and know when it is a good time to invest in more banking products, or to reduce our financial risks.
Here are a few suggestions to help you with those decisions.
If you have a decent amount of free cash after expenses, and you are able to set aside enough to manage regular maintenance costs, feel free to invest the additional money.
To be successful though, it is best to take a long-term approach to investments. The changes of making a big break with a short-term investment are small, so setting the proper expectations about your investments can help you keep a positive frame of mind, even when things do not seem to go well at first.
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