Is it time to look into a longer-term plan for your savings?
It might be time to look into a longer-term plan for your savings. Longer term saving typically involves some element of risk. While the majority of investment products involve an element of risk, over the long term they may give you a better return than a simple savings account.
Understanding risk is critical. With any investment product, you need to thoroughly consider the level of risk involved.
Bear in mind that investing in a high-risk product could result in you losing some or all of your money.
For many of us, the thought of investing in the stock market sounds a little daunting.
But with interest rates in cash savings at record lows and the future path of inflation uncertain,
savers of all ages have to search harder than ever to find respectable returns on their money.
Warning: Past performance is not a reliable guide to future performance.
Warning: The income you get from this investment may go down as well as up.
Warning: The value of your investment may go down as well as up. You may get back less than you invest.
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