Monthly Archives: March 2016

Investment – 7 simple steps

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7 simple steps to guide you and keep your nerve when the markets start to give you the jitters 

1. Remember what you invested for initially.

The biggest reason to invest is to get a better return than you would get from leaving your money in the building society or worse still spend it!

You most likely also invested for the long term. Over the last 20 years the FTSE All-Share index rose by 361% or 7.94% a year. But here’s the really interesting part. If you lost your nerve and pulled out and only missed the best 20 days, your gain would only be 60.8% or 2.4% a year.

Although this is past performance and cannot be relied on to predict the future, it is an indication of what the stock markets can do.

Lifetime ISA

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Lifetime ISA was one of the announcements in the Budget 2016 today, what does it mean for the next generation explained below:

Save up to £4,000 each year, and receive a government bonus of 25% – that’s a bonus of up to £1,000 a year. You can use some  or all of the money to buy your first home, or keep it until you’re 60 – it’s up to you.