There are hundreds of investment companies to choose from, so narrow down the choices by being clear about why and how you’re investing
When you choose an investment company, ask yourself:
- What do you want from your investment? Do you want a regular income or are you putting money away for the long term so it can grow – or do you need both income and growth? There are investment companies designed for each option.
- Will you invest a lump sum or make regular payments?
- How much risk do you want to take?
Roughly speaking, the level of risk you might accept depends on how long you can afford to tie up your money and whether you can afford to lose any of it. If you've got time on your side, you might be comfortable with riskier investments.
- Do you want to invest in a particular sector?
Many investment companies only invest in a specific sector. You can pick one that will put your money in a specific part of the world or type of company.
More information to help you choose
When you choose your investment company, you should think about: