Is investing for me?
Simple smart investing
Make sure you've got enough rainy day money
If your rainy day savings are non existent, think about building this up first before you invest and tie up your money. That way, you’ll have cash you can get your hands on quickly if the unexpected happens. A good rule of thumb is to have three months’ essential outgoings available in an instant.
Get happy to invest for at least 5 years
Investing isn't for the short term. You need to be prepared to put your money away for at least 5 years, that way your investment has more time to recover if it falls in value so there's less chance of losing the amount paid in.
Understand how much risk you want to take
You need to take some risk when you invest but only you can decide how much is right for you.
Think about what would happen if you lost money by investing
With any investment, there’s a risk that you could lose some or all of the money invested. It’s important to think about what this could mean to you. Any losses, big or small will affect your financial wellbeing.
Investing's a risky business
Our short video helps you understand how risk affects what you might get back