The goal of investing is to grow the amount of money you have and increase your purchasing power over time. This can help you meet financial goals, fund retirement or get out of a pinch when saving alone won’t do the trick. More info theinvestorscentre.co.uk

When considering any investment, it’s important to do your research and consider the risks involved. A good place to start is with a self-assessment of your risk tolerance Tooltip, or how much you’re willing to take on the possibility that the value of your investments may fall. This is often informed by your investment horizon, or how long you’re investing for – younger investors may be willing to take more risks, while those nearing retirement might prefer more stability and income generation.

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Another way to assess the quality of an opportunity is by looking at its evidence, or what proof there is that it will return a good profit. This includes checking if there’s transparent leadership, documented success and clear plans of how you will see a return on your investment. It’s also worth assessing whether there’s any red flags, such as difficult to find information or if the offer sounds too good to be true.

When deciding how much to invest on a regular basis, it’s essential to consider your budget and other financial priorities (like paying off high-cost debt or funding daily living expenses). For example, making a monthly investment will mean that you’re able to take advantage of compounding Tooltip, where the interest you earn on your investments starts earning interest on itself.…