20 Summary of Session 5
You’ve covered plenty of ground in this session, examining the array of savings accounts available, and assets you can invest in, including shares, bonds and commodities. You have looked at the risks and returns associated with these different products and at how investing in funds can be an effective way of spreading (or ‘diversifying’) your investment risks.
You’ve also looked at the costs of investing and at whether you should seek guidance from a financial adviser.
You have also learned about how to select those investments that are consistent with your risk appetite and the time period you plan to invest for.
So best wishes for your future savings and investment activities. Hopefully this session has given you the knowledge and skills to undertake these activities with confidence.
If you want to learn more about savings and investments follow these links for guidance from MoneySavingExpert.com, covering:
- how savings work [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)]
- how cash ISAs work
- how Premium Bonds work
- how Lifetime ISAs work
- Annual Equivalent Rate (AER)
- financial advisers
- basics of investments
- stocks and shares ISAs
- peer-to-peer (p2p) investments
Get started with Session 6: Planning for retirement.