PROMOTION: Finding your dream home can be a lifetime’s work, and represent a life-time of saving. So if there’s a way to reach that goal faster, would you consider it? Investing in the stock market can be daunting, so the experts at Click & Invest have offered these tips to help you decide if it’s right for you.
Should you invest?
For long term goals – such as buying a dream home – Click & Invest feel that investing has better growth potential than saving.
Although storing money in a savings account may seem sensible, over the long term inflation can eat away at your savings. Investing your money over the long term can help to protect from this wealth erosion, as your investments can be positioned for growth.
How much can you expect your investments to grow?
If you were to invest £20,000 today in the Click & Invest ‘measured’ strategy (their medium risk option) they estimate that it could grow to £24,166 in five years, at the expected growth rate*. Of course, investments can go down as well as up. But there’s no instant-access savings account that can deliver close to that rate of return.
What will happen if the market takes a downturn?
Novice investors sometimes start with tracker funds, which don’t require much skill or experience as they simply follow a specific index. The downside is that when that index falls, so does the value of your investments.
Click & Invest offers active management, taking advantage of market movements and designing a strategy that will aim to protect your wealth during downturns, using our expert knowledge and market experience to help navigate tough markets. You can get an investment portfolio which has been built around you, managed by experienced investment managers.
Do you need a lot of money to start investing?
In the past investment was expensive, as you’d need to employ an IFA or wealth manager. But now there are numerous online investment platforms that offer different levels of service for much lower fees. These include Click & Invest.
We have an offer with Click & Invest so that you can pay no management fees for your first year, on investments up to £50,000. Terms and conditions apply; see clickandinvest.com/yourclickisa for more information.
Simply enter this code when you open your account: CLICKISA23
Start investing at clickandinvest.com
With investment your capital is at risk. This article is not intended to constitute personal advice and no action should be taken, or not taken, on account of information provided.
* For more information on how these projections are calculated, read the explanation at clickandinvest.com/investment-calculator
