Investing allows you to put your money to work to earn better returns, but when is a good time to start?
Studies have shown that many people who don’t invest believe that investing isn’t for people like them. However, if you are will to take some risk, once you have a rainy day fund safely saved in cash, investing over the long-term represents your best chance of inflation-beating returns that will make you richer.
So, how do you get started? You need to consider your goals, how long you plan to invest for and how much risk you are willing to take.
On this episode of the Investing Show, Shaun Port, chief investment officer at Nutmeg, explains why investing works, how to get started easily, and how to lower your risk.
He joins Simon Lambert, of This is Money, and Richard Hunter, of Interactive Investor, for a discussion that demystifies investment world.
They look at why long-term investing should be profitable, how shares and bonds differ, how to build a simple portfolio and how to weigh up your goals and appetite for risk.