Best Investments

Best investment – Tips from Compare The Financial Markets

There isn’t a single investment that works for everyone. Each investor has a unique set of personal circumstances and only when they are investigated further can you begin to decipher ‘what is the best investment for me and my situation?’ Compare The Financial Markets has collated some important tips you should consider before taking the plunge.

Length of investment

When will you require funds? Certain investment products are time specific and run for a fixed period of time. If you have a definitive date you wish to access your capital, some investment options are not suited. Investments, such as shares, are more suitable for the longer term as they historically increase in value over time but may fluctuate in value in the short term.

Do you require income?

Looking for a regular income from your investment? Good bets are annuities – a fixed sum paid to someone each year, typically for the rest of their life – or investment in buy-to-let property which provides a rental income.

What are you planning to use the money for?

An important question. The intended use of the funds dictates the type of investment. Work this out first and go from there.

Decide Which Is the Best Investment to Suit Your Needs

Depending on how much you want to invest, there are numerous ventures to potentially increase your portfolio. Buying stocks and bonds could be financially beneficial to you, but if you’re looking for a hands-on investment where you’ll be able to manage the cash flow yourself, investing in a franchise could be the best investment.

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