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Is this the right time for you to consider Funds

Before you take the plunge and invest in shares and related funds, you need to make sure that it is the right thing to do. It’s easy to be attracted by the prospect of high returns but remember, they’re not guaranteed! You could lose money as well as make money in a stocks and shares fund because returns are dependent on the stock market and share prices can fall as well as rise.

Whether a stocks and shares fund is suitable will depend on your own personal circumstances and objectives.

Before you invest in equities or bonds, it’s important to build up some cash savings which can be accessed in case of emergencies. As well as a cash buffer, you should also look to pay off any credit card debts or outstanding personal loans before considering a stocks and shares.

The other key consideration is the length of time you are looking to save for. If you will need the money within one to two years, then advisors recommend you stick with cash because of the extra risk associated with equities and bonds.

However, if you are looking to invest for longer than three years, perhaps you’re investing for your retirement or child’s university education, it is well worth considering a stocks and shares. Not only can you shelter more from the tax liabilities than you can save with savings and fixed deposits, but returns on equities tend to beat cash over the long term.

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