What is investing?
There are many ways that you can invest – for example, in shares, bonds, managed funds or property. The choice is yours. But be aware that each type of investment carries an element of risk.
It’s worth taking the time to learn a bit about investing and then to develop your own investment plan. To do this, you’ll need to work out your goals, how long you want to invest for, and what level of risk you’re comfortable with.
Follow these simple investment rules
- Take your time before you invest and improve your knowledge. Read the finance section in the newspapers and think about doing a course with a reputable organisation.
- Work out the level of risk you’re comfortable with and the amount you can afford to invest – and be confident to stick with it.
- Research any investment thoroughly. Sign up only when you clearly understand what’s involved.
- Consider taking advice from a licensed financial planner before you make any final decisions.