Why invest? Can’t you just save and leave your money in the bank account? Well, here are a few reasons why investing might be a good idea: Firstly, you’re going to need money when you retire. And secondly, if you don’t invest your money, the cash you have will lose its value over time because of inflation.
10 things to know
- Before you get started, set some investment goals
- Save and invest now!
- Invest early to beat inflation and to benefit from compounding
- Invest consistently
- Balance risk and return
- Invest in different products, not just one!
- Avoid high fees
- Do NOT sell in panic
- Do NOT take on debt to invest
- Beware of scams
- Quiz: Investing 101