Risk

Different types of investments carry different types of risks and are usually rewarded accordingly. Higher returns usually indicate higher risk and lower risk investments generally offer lower returns.

Your attitude towards risk and the amount of risk you can tolerate is something that you need to think carefully about before you invest. An independent financial adviser can help you assess your appetite for risk before you invest.

You can never avoid the risks of investing but you can try to moderate them. One way of doing this is by investing in a range of investments. This is known as diversification and really means not putting all your eggs in one basket. The idea is that losses in one type of investment will be offset by gains in others.

All investments carry risk, and returns can never be fully guaranteed. So it is important to choose an investment that suits your circumstances. If you are prepared to accept a higher level of risk, you may want to hold more equities, as they can offer good long-term potential. If you have a lower appetite for risk, you might prefer the income produced by bonds and cash, which tends to be more reliable than equity returns.

Top tips

  • Seeing interest being added to your savings accounts may make you feel secure as you watch your money grow over time. But wait, don't forget to allow for inflation that will reduce your ‘real' rate of return!
  • If you're young you might choose to keep more of your investments in shares because, even in the event of a temporary market fall, the long term outlook would be good.
  • If you're close to retirement you might choose to hold low risk investments to avoid the risk of an equity stock market collapse.
  • Even if you have only a small amount to invest (from, say, £50 a month or £500 as a lump sum), you can still spread your risk by investing in a pooled fund.
  • By spreading your investment between different types of asset classes or markets, you can reduce the risk of a sudden loss in value.
  • Where a portfolio contains overseas investments, exchange-rate variations may cause the value of your investment to decrease or increase.

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