Checklist for New Investors

New to investing? Read our checklist to ensure you build the right portfolio for you and set yourself on the path to profit

Emma Wall 4 September, 2017 | 4:35PM
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Investing can be a daunting business. Fear of the unknown leads savers to choose cash over stocks and bonds, but cash is an asset that does not reward loyalty. While the stock market may represent danger to many, BlackRock’s Investor Pulse Survey reveals that inflation eroded £760 million of Briton’s cash savings in the first half of the year.

Inflation compounded over 20 years would see the £2,270 pot that Brits have set aside for long-term savings worn down by £870 – a total of £20 billion for the total UK population. But that £2,270 invested in the FTSE All Share over the last 20 years, would be worth £8,350 today. Investing is by no means fool proof and the value of your investments can go down as well as up. But with a bit of know-how and patience it can be considerably more rewarding than sticking money in a high street savings account.

Follow our checklist to make sure your first forays are a success.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Emma Wall  is former Senior International Editor for Morningstar