8 Misconceptions To Forget About Investing

Investing for the first time could feel like a daunting experience. That’s why we’ve made it easier to invest your way, through the freedom and control of our award-winning technology.

You can track your performance against your goal 24/7, and you can top up anywhere, anytime with impulseSave®.

Investing could be much more straight-forward than you originally imagined. Here’s a look at some of the most common misconceptions.

1. You Need Lots Of Money?

You don’t need to be rich to become an investor. It could be the case that investing little and often builds into an eventual nest egg, particularly if you are thinking about investing over a long period of time.

With our Stocks & Shares ISA, you can open an account from just £50. You can then use our impulseSave® app to add as little as £1 when on-the-go. Our technology puts you in control, allowing you to top up when it suits you.

2. Investing is too difficult to understand?

When you invest with us, you’ll benefit from technology that helps to make your investment easier to understand.

You’ll start by setting your goal and timeline for saving. You can then use our app to track and check your performance against your goal 24/7. By visualising this data, you’ll get the full picture of your net worth over time.

3. Investing is time consuming?

Our True Potential Portfolios are actively managed and rebalanced by our expert investment team within your chosen attitude to risk.

On your part, you’ll find that tracking your investment is made time effective through the use of our app.

4. Investing is too risky?

You need to keep in mind with investing that your money can go down as well as up. However, with long term investing, you could benefit from a reduced level of risk.

When you invest for the long term, you have more time to ride out any fluctuations in the market.

Something else that helps to diminish risk is our Advanced Diversification method. Think of this as not putting all your eggs in one basket. This involves using a blend of tried and tested multi-asset investment strategies that find opportunities for growth.

By diversifying and investing for a longer period of time, you may find that the rewards outweigh the risks.

5. I can’t access my money?

When you invest with us, you have the freedom and control over your money. It isn’t tied away forever, and you can access it for withdrawal.

6. Investing is for an older demographic?

While older people may have more money to invest, you should keep in mind that it is never too early to start investing. Indeed, the earlier you start, the better. Even if it is just investing small amounts, this can build over time into a solid foundation for a longer-term savings goal. Additionally, with time on your side, this gives you plenty of opportunity to ride out any fluctuations in the market.

7. Timing is everything?

You may be under the impression that there are good times and bad times to invest. However, thanks to diversification and long term strategy, you can see that timing isn’t really everything.

There is some current political uncertainty across the world, but this is no more severe than most other points in history.

8. Getting rich quickly?

Investing is a long term process, with the aim of building money over a time period for an eventual goal such as retirement. It isn’t a way to become rich quickly, it is a way to potentially ensure more value from your money.

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The contents of this blog do not constitute financial advice.