Start Your Investment From £1 And Begin The 52-Week impulseSave® Challenge
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Are you feeling motivated to try something new and potentially improve your finances in the New Year?
The 52-Week impulseSave® Challenge could be what you are looking for. Now is the ideal time to give this challenge a go, as investments with True Potential Investor can now start from just £1. Remember, our Stocks & Shares ISA has the potential to outperform Cash ISA returns.
By lowering the barrier to investing, we are hoping that more people will have the opportunity to potentially close any Savings Gap. With just £1, investors will gain access to the True Potential Portfolios, which are actively managed by our Investment Management team and world-class fund managers such as UBS and Goldman Sachs.
Once you have opened your account, you can begin the 52 week impulseSave® challenge. This involves adding a small amount of money to your investment each week, using our world-first impulseSave® technology. For each week of the year you invest the amount attached to it – Week 1 is £1, Week 2 is £2 and so on. Your challenge is to impulseSave® an amount each week for 52 weeks. By investing little and often, you’ll have invested an extra £1,378 by the end of the year.
Over the year, your investment has the potential to be worth even more. Our Stocks & Share ISA has the potential to outperform Cash ISAs, as the return is linked to the performance of the fund you are invested in. However, you must keep in mind that fund performance can go down as well as up. That’s why the True Potential Portfolios allow you to invest in a risk profile that suits your needs, and our unique Advanced Diversification process helps to reduce risk and finds opportunities for growth.
impulseSave® is a quick, easy and safe way to up your investment. You can access impulseSave® online and via our mobile apps. To top up, all you need to do is log in, choose your amount and add the funds. Invested in a portfolio the impulseSave® would be invested in the same weighting as the rest of the portfolio.
To help you reach your savings goal, you may want to play around with the 52-week impulseSave® challenge. Reversing the calendar could be an idea, meaning you put in less towards the end of the year and get the bigger amounts out of the way now. Or maybe you invest when you can, ticking off the numbers as you go with the aim of reaching the total by the end of the year.
Let us know how you get on by tweeting @tpinvestor and check back over the next month for more on the impulseSave® challenge