19th May 2022
Our Guide to Building Financial Wealth
Six tried and trusted principles to help you reach your investment goals
If you’re new to investing, knowing where to start can be a daunting task. The reality is that people should start saving and investing as early as possible. Every investor needs to ask themselves the same basic questions before getting started.
- You need to have a clear understanding of your investment goals.
- What are you trying to achieve? Are you looking for growth, income or both?
- How much risk are you willing to take on? You might be investing to have enough money for retirement, which could be decades away. But equally you could have shorter-term goals, too, like starting a family or buying a larger home.
The growth of savings and the power of compounding gives an enormous head start to those who can put money aside and invest in the early stages of their lives and careers – and building an investment portfolio is one proven way to grow money and wealth.