06 Jun Investment and Funds
Saving money to invest in a long-term goal is a rewarding experience. There are a myriad of investment options available, each offering an opportunity to earn a profit that could beat inflation. It is crucial to think about the various kinds of investments and how they will fit in with your overall financial goals.
Funds and investment
A fund is a group investment where you and other investors’ funds are put together and invested in a range of assets. This helps to spread your risk since you aren’t relying on the performance of one asset type. For instance the UK Equity Fund would consist of shares issued by various British companies.
You can also find funds with a variety of different asset types, or sectors that are more specialized. That means there’s a fund that is suitable for every investor regardless of their level of experience, timeframe for investment or risk-taking approach.
Bond funds are a well-known option for investing. They are made up of IOUs, or debt, generally from government agencies or companies. They can be less volatile than stocks. They can be affected by changes in interest rates as well as the credit rating.
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