Investment is all about achieving your goals. So it's important to have an idea what they are before you venture any money. Use this simple step-by-step guide to help you figure out what you want to achieve.
Are you saving up a certain amount for a holiday, or just growing some long-term savings? Figuring out your end goal will help you keep your eye on the ball.
Different investments need different amounts of time. For example, putting money aside for your child's university fees may require a very different timeframe to saving for your retirement.
There's always a chance you'll get back less than you invest, so you need to think about how much risk you're willing to take.
You can potentially reduce the amount of risk you take by investing in Funds that cover lots of markets and regions.
Some investments offer regular Cash payments, much like a monthly income. While others should be left to grow over time. Think about which one will best help you achieve your goals.
Our simple online tools make monitoring your investments quick and easy. However, you'll still need to check on them regularly to stay on track. If you prefer to be less hands on with your portfolio, perhaps look into Funds that invest across a range of assets, regions and sectors.
Once you can confidently answer these questions, you'll have a much clearer idea of your goals. The next step is to look into the investment options that will offer you the best chance of achieving them.