Historically, most UK savers don’t start investing their wealth until they hit their 30s. Often with an established career and secure income and a mortgage in place, it’s understandable why many British professionals choose this time in their life to dip a toe in the investment pool, but is this the right time to take the plunge?
Start as soon as possible
The laws of compound interest mean that the sooner you begin saving, the more wealth you’ll accumulate. While more risk exists, investing in the stock market can earn richer rewards, but your money can still compound. Some companies will pay out dividends to shareholders. Essentially, this represents money paid from company profits.
If you pay your dividends back directly into your plan evert year, further to your initial investment, your funds have a chance to add up, and you’ll also have the option to buy more investments and grow your portfolio. By this rationale, the sooner you begin investing, the better.
Are you looking for investment advice in Chester or Shropshire?
If you’re considering starting to invest, we can help. For 25 years, our dedicated team at Hartey Wealth Management has been helping people make the most of their earnings with expert advice. We create diverse investment portfolios for our clients that carefully balance risk and return using active and passive funds. If you’d like to make your money work a little harder to secure your future, get in touch with us today.
