Personal Finance And Investments

 Excerpt  :

People save and invest for various purposes: for holidays, home improvements, cars, deposits for house purchase, children’s education, old age, and general security. Some of these are shortterm objectives and others long term.

The single biggest long-term objective is usually the provision of a retirement income. The time horizon of the investment will influence the nature of the investment. Savings for a holiday are unlikely to be put into a risky investment such as shares. Saving for a pension is unlikely to be in low return investments such as bank or building society accounts. The largest investment item for many people is their pension fund.

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