Top tips for choosing your investments wisely
- March 5, 2020
- Posted by: WAS Insurance
- Category: Business plans, Economics, Finance & accounting, Investment
If you are looking for new opportunities and ways to make your money profit, short or long term, then you should start thinking about investments. Understanding everything could take you a lifetime, so we brought you some top tips for choosing your investments wisely. Check them out:
Set your time-frame
If you don’t intend to take your money before 5 years of keeping it locked, so you have short-term goals. For this option, you may want to keep your money in less risky places, like saving accounts.
But if your case is a little bit different and you are planning ahead for your child’s higher or further education, then you have medium-term goals – between 5 and 10 years.
For long-term goals, those ahead 10 years, a saving account is not the best option, because the prices for the same product have slowly increased over time. The best option in this case? An investment such as a buy-to-let property or buying into the stock market may be a better option for storing your money.
What is your risk level?
Finding your level of risk is to have in mind that different investments offers differents characteristics. It means that if you choose a riskier investment, it will brings you a bigger potential pay-off. But if you choose a less risky approach, you are less likely to lose money.
Have a team of experienced managers
You don’t need to know everything about investments to get started. A team of experienced managers can build you the better option of a plan.
If you want to join cryptocurrency market, keep calm: WAS Insurance have specialists in investment protection, binary options and financial technology. Our team are here to support you and avoid the loss of your investments.