New Topic

Is it better to save or invest?

  • 18 July at 00:05 - by nigelblue.1 - 978 views


We don’t have a lot of money to spare but have a little bit put aside and of course we would like this to be more. Some colleagues have suggested that we invest rather than continue to save but we are not sure so any advice would be welcome!

7 Answers

There is a big difference between saving and investing. Saving is something that people usually do to put money aside for something specific like a deposit on a house, a holiday or for an emergency. This is normally done through a savings account or a building society. Investing on the other hand is something else …. Taking some of your money and trying to make more by buying into things that will make you money.

19 July at 07:04 - by JayDee

Yes we do understand the difference but are a bit nervous about what the outcome might be. We can see that sometimes investing can be a risky business and although we can stand to lose a bit we don’t want to risk all our savings. How can we be sure what is good and what is not?

20 July at 15:31 - by  nigelblue.1

There is never any guarantee with investing but then there are really no guarantees in life are there! My advice would be not to risk everything but take a part of your savings and use them to invest so that you are not left with nothing. Now all you need to do is decide how much and what you want to invest in.  You need to do your homework so take your time and good luck!

20 July at 16:00 - by c.mark

I don’t think it’s as simple as that .. you need to go into these things with your eyes open its always a good idea to think about getting advice from an independent financial adviser.

21 July at 20:15 - by TJSHall

Yes you are right and we have already thought of that and will be meeting with one soon and he is going to help us plan a savings goal. Thanks for your help.

23 July at 14:48 - by  nigelblue.1

I didn’t mean to say that it’s so easy but what I wanted to say was that you have to start somewhere if you are serious about investing but of course yes you need to get as much professional advice as you can before you take the leap.

24 July at 00:18 - by c.mark

Yes we will speak with a financial adviser to get the best help and advice. Thank you all very much all the advice has been very helpful to us.

26 July at 17:17 - by  nigelblue.1
Answer the question

Recent articles

Investments Overseas

Do you want to invest overseas? Investing overseas can provide investment opportunities not available in the U.K. However, if you want to discover if international investments are right for you, have a look at our guide and learn everything you should know about their risks and benefits. 

Effects of Brexit on Investment

How has Brexit impacted investors? Is it the right time to invest? Trying to predict which sectors will gain or lose is pointless. However, you can surely read this article and discover the consequences of Brexit on economy and investment.

Investing in Gold Bullion

Many people are thinking about gold bullion as an investment. However, learning how bullion investments works can be the difference between failure or success. Therefore, make sure you understand everything we explain in this article before making your investment.