Should I be investing?

Before rushing into investing you should try cover the basics first:

• Set aside some savings into an emergency fund
• Manage your debt – don’t look at investing before you get rid of your higher interest debts (credit cards)
• Put money into your pension first – it is far more tax efficient. You invest tax free. You have it grow and earn income (which is reinvested) tax free. You only pay tax on drawdown, so there is loads of time to grow.
• Think about your current situation and how much risk you can take. If you have a safe job, job income, and savings; invest away.
• If your situation is riskier, you want your investments to be safe.

 
 
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