But if you’re new to investing, there are some key questions you may want to consider. These could help you to find a suitable product, and work out whether investing is right for you.
To highlight some key questions newbie investors may want to ask themselves, we talked to Jason Hurwood, Nationwide Building Society’s director of investments, and John Dunne, financial planning manager with the Society.
So if you’re considering investing for the first time, here’s what to ask yourself first…
1. Why are you investing?
Everyone’s motivations and goals are different. Dunne says there no “one-size fits all approach”. Some people may want to help grandchildren, go on a cruise, have a more comfortable retirement, or simply make their money work harder.
2. What is your capacity to invest?