Introducing investment
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Introduction
Getting your financial affairs in good shape, with funds available to meet unforeseen costs, to pay for education fees, to reduce your mortgage or to support you in retirement, can increase your sense of security and freedom.
There are, of course, times when saving money will be difficult (for example, when studying or bringing up children, but it is important to look ahead. Saving a little out of your income or investing lump sums when you can, all helps. Holding savings for a long time also means they are more likely to grow in value as well.
This is where a basic understanding of investment is useful and why reading this section of the website may be worthwhile.
What if ........I went through life without saving or investing money? You might not have the comfortable retirement you wish for. People are living longer and can expect to rely less on the state for an income in retirement, which means you need to think ahead. It is surprising how much you need to save during your working life to keep you going for say 25 years of retirement. The earlier you can start, the better off you will be. |