Who knows? But if you have some spare cash to invest make sure you get in the loop and at the very least learn a little more about investing before deciding whether it is for you. Make sure you have a well thought out strategy ideally with options for a number of different scenarios.
If you are looking for a quick profit exactly when will you bank those profits and avoid the risk of greed keeping you in too long? If there are no quick profits are you prepared to stay in for the medium term and be happy receiving dividends which should be pretty good? Or are you going to be prepared to sell out quickly at a loss and accept it was a gamble that didn’t pay off?
Either way be sure you know your plan in advance and then keep on top of it. If you are looking for a quick profit why not decide in advance how you are going to spend those profits. After all what is the point of taking risks with your money without having a clear picture of the rewards if it comes off?
Where is the best starting point?
As our regular readers know we are fans of Hargreaves Lansdown as the go to place for investment research, online dealing, and investment monitoring. There is nothing to lose in signing up for their Royal Mail Update. Sign up here.
If you would like to be kept in the loop with our thoughts as the process develops email me with “royal mail” in the subject line and be sure to put your email address in the box on the right above to receive blog updates.
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122