Now you’re saving, it’s time to look at how you might invest the surplus into wealth-generating assets (such as shares or property) that have the potential to compound in value over time.
It is much easier than you think to manage your own investments, but it does require some learning. Make sure you’re not paying too much in fees and expenses. The sooner you start this, the longer and the harder your money will work for you.
However you decide to proceed, remember to think long-term and consider the ups and downs of the stock market or property. Don’t forget to think about risk as well as return – and keep in mind that there are no guarantees when it comes to investing.
Escape Artist hacks
Do you even know what’s going on in your pension? Why not start by finding out. What are the fees? And what % is invested in shares (the asset class that has historically done best over time)?
To see how easy it can be to invest your own portfolio, why not open a practice account with The Share Centre – you can learn while investing “monopoly money” with no risk and no cost.