It\u2019s well worth taking the time to think about what you really want from your investments. Knowing yourself, your needs and goals, and your appetite for risk is a good start.<\/p>\n
1. Goals<\/strong> 2. Payments<\/strong> 3. Investment risk<\/strong> 4. Timescale<\/strong> 5. What you\u2019ll get back<\/strong> 6. Mix it up<\/strong> 7. Be tax-efficient<\/strong> 8. Review, review, review<\/strong> Take the time to think about what you really want from your investments The sooner you start investing, the better off you will be. This is a simple truth, and it is based on the fact that even the most conservative investments grow on a compound basis.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2364"}],"collection":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/comments?post=2364"}],"version-history":[{"count":0,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2364\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/media?parent=2364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/categories?post=2364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/tags?post=2364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBe clear about what you\u2019re investing for. Investing is generally most appropriate for medium and long-term goals (at least five years). If you want access to your money before that, you might want to think about saving instead.<\/p>\n
\nBefore you start investing, first make sure that you can afford your essential living costs, as well as any debts. It\u2019s also a good idea to make sure you have some savings to cover emergencies.<\/p>\n
\nHave a think about how much risk you feel comfortable taking with your money. You should also consider your other financial commitments when deciding how much risk to take. If you don\u2019t want to or can\u2019t take any risk with your money, then investing may not be for you right now.<\/p>\n
\nThe longer your money is invested, the more opportunity it has to grow in value and reach your goal. Each year, not only will the money you invest potentially grow in value, you\u2019ll also potentially get growth on any previous growth. This is commonly known as \u2018compounding\u2019, and over longer time periods it can make a significant difference to the value of your investments.<\/p>\n
\nThe final value of your investments will depend on three main factors: how much you pay in, how your investments perform, and how long you\u2019re invested for. Generally speaking, the more you pay in, the better your investments perform. And the longer you can keep your money invested, the more you\u2019re likely to get back at the end.<\/p>\n
\nPutting all your money in one type of investment can be a risky strategy. You can help reduce that risk by spreading your money across a mix of investment types and countries. Different investments are affected by different factors: economics, interest rates, politics, conflicts, even weather events. What\u2019s positive for one investment can be negative for another, meaning when one rises, another may fall.<\/p>\n
\nYou can do this by putting your money into your pension or using up your Individual Savings Account (ISA) allowance.<\/p>\n
\nMake time to regularly review your investments to check they\u2019re on track to meet your goals.<\/p>\n","protected":false},"excerpt":{"rendered":"