Why your circumstances matter when investing
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.
While investing tends to be a good idea for building wealth towards future goals, there are some personal circumstances you should carefully consider before starting.
Remember, investing is for the long-term, you are likely to see fluctuations in your investment in the shorter term which is why you should only invest disposable income and for at least five years.
You need to be realistic with investing. If you suffer from a serious or long-term illness, you need to ask yourself if putting your money in a long-term investment is the best use of your funds.
If you’ve recently been bereaved or are expecting big changes in your life, it may make sense to hold off investing for a few months. This allows you to re-evaluate your decisions in your own time.
In general, every investor needs to use common sense when investing. If there are doubts around your employment or personal circumstances, you may need money sooner in the short term than the long-term.
The good news is that investing is much simpler than many people realise. You can start from just £1 to try things out – this is a smart choice if you’re uneasy or new to investing to see exactly what you’ll get for your money.
If in doubt, we’re here to help. You can speak to us by live chat, phone or email. We’re open 8am to 8pm weekdays.
With investing, your capital is at risk. Investments can fluctuate in value and you may get back less than you invest. Past performance is not a guide to future performance. Tax rules can change at any time. This blog is not personal financial advice.