07:33 26 November 2013
Many of us are familiar with the unpleasant realities of an unstable economy. While we realise that in time economies will recover, it does not necessarily mean that recovery will happen in a timeframe that is beneficial for our personal financial goals. In order to reach those goals and remain financially stable (in such an economy) it is essential to plan and invest accordingly.
Here are a few reasons to consider investments if you have never done so before:
Pensions are a great place to begin with an investment strategy. In the UK employers will now be required to automatically enrol employees in a pension plan. The good news is that they are also required to offer multiple choices so employees will have the ability to select the plan they think will benefit them most. More than likely, the funds will be pooled with other employee funds to help minimise the risk and maximise the return. This gives better returns without forcing individuals to shoulder the entire burden of a financial loss.
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