Investing is becoming more accessible to all of us, with apps and platforms to help us make a return on our hard-earned cash. If you’re just getting started, you might be wondering how you can choose the best strategy, and place to invest to help you reach your money goals, especially in the current economy. This is where investment research platforms come in. Specially curated platforms allow you access to some of the best insights around specific assets and sectors, so you can make the most informed decisions. Below, we’ll look at why investing could be a good option for you, and a little bit more about why investment research platforms are important.
Why should you invest?
Investing means you can build on your hard-earned savings, and it’s becoming more popular with many of us around the world. Choosing an informed place to invest, whether that’s in an index, an ISA, or an individual stock means that you can watch your money grow. It’s an alternative to holding your money in a savings account over many years that does not come with any interest, and therefore doesn’t earn you anything. There are many levels of investing, but it’s easy to get started if you know how, and depending on your goals, you can increase your savings to benefit you in the future. Whether you’re looking to build a comprehensive portfolio, or you’re simply looking for a place to keep your savings that comes with a bit of interest – there is an investment strategy for you.
The risks
Whilst investing your cash can be advantageous, there is always a risk that comes with it. Because the market can change at any time, without warning, this could mean that you end up losing your money. For this reason, you should make sure that you have an emergency fund of savings that covers at least 3-6 months of income before you start investing, and you weigh up how much you can realistically afford to lose. This can help you make sensible decisions on your investment journey.
Factors to consider
Here are a few things that you should keep in mind when getting started with investing, to keep you on the right track.
- Savings: As we mentioned above, you should make sure that you have enough savings built up to use as a safety net. Investing is risky, and if you lose the little money you have, you can end up in further financial difficulty. Check your situation before investing.
- Goals: Think about your goals. Generally, investing works better when you’re saving for the future as you can ride out the peaks and troughs that come with the stock market. There are various ways to invest over a year or a few years, depending on your money goals.
- Where to invest: Think about where to invest. Make sensible decisions when it comes to choosing stocks, indexes, or ISAs. Choose an option that will be more likely to survive economically, for example, supermarkets and health stores.
Investment research platforms
If you’re just starting out, you may not know where is best to invest – this is normal. But this is where investment research platforms come in. These platforms allow investors, both new and experienced, to see where is best for them to invest. They give important insights into a range of different stocks, as well as companies that may be a good choice when it comes to investing. They allow investors to weigh up their choices by giving them access to data to help with their decisions. Investment research platforms also give investors access to expert networks that can share their insights on a range of niche topics. These platforms have everything you need to make the most informed decisions, whether you’re investing for the first time, or building a portfolio.
