New Year, new investment plan?
China’s see-sawing stock market has dominated the first week of the year. Many investors will be worried that the shock waves that China has sent through global stock markets make an inauspicious start to 2016.
But if you’re feeling fearful, it might actually be a good time to begin investing. And if you’re going to be dripping small amounts into an investment every month for many years, it probably doesn’t matter when you start. The important thing is to start now. Otherwise, you’ll be living on baked beans and charity shop clothes in retirement.
So if you had made sorting out your finances one of your New Year’s resolutions, make sure you stick to it. Our beginner’s guide to investment should help you get started.