7 STEPS FOR NEW INVESTORS
To get the best from investing it is important to know what you are trying to achieve and how comfortable you are with taking risks. Take time to think about your goals and objectives and how you would feel if the investment fell significantly in value. Emotions dominate us and often lead to investors making unwise decisions.
It’s important to remember that the first investment is the hardest as it will take time to become familiar with how investments behave and what you can expect from becoming an investor. Investing is not about the short term and it is better to make mistakes early on and learn from them so you become a better investor in the future. As always it’s a good idea to seek professional advice if you’re unsure where or how to invest.
The value of your investments can go down as well as up, so you could get back less than you invested.
The information included here is not advice—always seek professional advice if you’re not sure which investments are right for you. Tax rules can change and their benefits depend on your individual circumstances. Care has been taken to ensure the accuracy of this content, but no responsibility is accepted for any errors or omissions.