Striving for a return on investment with shares
It may be the right idea to change tactics for better results.
13:52 28 May 2013
Since the BBC has officially stopped work on the Digital Media Initiative, they are reportedly looking into matters surrounding the topic.
Many people often have a budget in place, and things don’t always go according to plan. And by the time retirement comes there may not be enough money, or there might be some other issue that crops up along the way.
When you’re dealing with investments, like Stocks and Shares Independent Savings Accounts (ISAs), or other similar programmes, you have a certain level of risk and planning is tricky at best.
- Age matters—investments are something that work better over the long run. If you aren’t able to invest until later in life, you wouldn’t want to invest solely in a Stocks and Shares type of Independent Savings Account, or regular stocks. You could risk losing money and being in a worse situation than you were before.
- Balance—in this case balance doesn’t mean that you put half of your savings in a Cash Independent Savings Account and half in the Stocks and Shares ISA. You certainly can if you want to, and if you have enough time in your life to recover from any investment setbacks, but this means finding a variety of different investment opportunities so that you have a better chance of coming out okay in the end.
- Ethics—you might have concerns about what types of companies you support and invest in for a Stocks and Shares Independent Savings Account, or an investment portfolio so you might choose to go with a lower rate of return if you want to make sure that your companies are not harming animals, or are using green energy.
- Advice—getting professional advice about your savings accounts that use stocks or your investment portfolio is essential. It’s also a good idea to review your portfolio about every six months to see how things are progressing in case you need to shift funds.