Investing for beginners

Everyone has a financial goal whether it’s saving up for a holiday or buying a house we all have aspirations that need financing.

Investments, like savings, are a way to store your money and give them the potential for profit or income. You don’t need a large amount of money to start investing. However you do need to be aware that unlike savings which are more secure, investments carry additional risks.

For some people investing is about generating an additional income for now through dividend payouts. For others it’s about planning for the future and taking those dividends and reinvesting them to grow their investment further.

If you have money sitting in your savings account and you want to see it grow over the long term then you should consider investing some of it. Make sure you do leave some in your savings account which is easier to access in an emergency.

It’s recommended you have 3 to 6 months of your salary or wages saved for a rainy day. All investments can fall as well as rise in value. So you could get back less than you put in.

Historically, over the long term, that is not likely to happen. But investing does still carry a risk.

If you want to learn more about investing sign up to our newsletter and subscribe to our YouTube channel.