![]() You might also want to read our guide on investing for beginners. If you have reached the end of this section and decided that investing ticks the boxes, read on. One potential way to combat this is through investing. If your earnings from interest are below the rate of inflation then the value of your money is being eroded over time. The annual rate of inflation is at 8.7%, while savers are lucky to earn more than 3% interest. Investing is likely to be a good idea in the long run given than most banks offer paltry interest rates on savings accounts that don’t nearly beat the rising cost of living, caused by inflation. To mitigate risk, it’s recommended that you leave your money invested for at least five years. Are you about to retire soon or in ill health?.Have you considered overpaying your mortgage? It could save hundreds or thousands of pounds in interest. ![]()
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