10:12 08 November 2013
With the unpredictable nature of the nation’s economy today, one cannot write off the effect of investments to the future of every citizen in the UK. While some see it as a difficult task, others have taken the pain to come up with more than one investment plans.
Such people have made a wise decision since there is a possibility of being exposed to unforeseen circumstances as a result of having all one’s life savings placed in one investment trust basket.
A good investment plan caters for all future occurrences some of which are expected and others, unexpected; so you can come up with a decision to go with an investment plan simply because you have a future need of the money that will be realized from it.
The fact remains that almost half of the citizens of Britain don’t see the need to save for their retirements which is really terrible. Furthermore, research has it that almost one in eleven people looking to extract money for mortgages, daily expenses and bills are freezing or reducing their monthly pension as a result of the recent financial crisis that has engulfed the nation.
It’s really disappointing that a lot of these citizens think less about their future. If they were to start saving or investing for their future right from their young ages, life after retirement will not be as much of a problem as it is to some.
It is not too late though, so long as you are still working; you can make a change right now and start channelling a fraction of your money towards your pension account. You can also start investment most of that free cash in order to cater for your future.
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