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I’m new to investing. What are my options?
There are plenty of choices out there, but which is best for you?
So you’ve decided to start investing, knowing that it is one of the best ways to grow your money and achieve your financial goals. The next step then, is to choose what exactly to invest in! It’s important to finding the right type of investment to match your objective - is it a short term goal like buying a car, where you minimise risk but accept lower returns? Or is it a longer term one like planning for retirement, where you can afford to take on more risks for higher rewards?
There are many different types of investment options available, each with its own pros and cons. Read on to find out more and decide which is the right one for you.
Common Types of Investment Products
Did you know?
Invest easily with an extensive suite of wealth solutions on your UOB TMRW app. In just a few taps, you can purchase bonds, insurance, convert FX at competitive rates and more. Select the Wealth tab in the UOB TMRW app to get started. Click here to find out more.
Know how your money is being invested
Educating yourself about your investment options and how they work is essential to growing wealth. Avoid putting your money in products you don’t understand, as you might be taking on more risk than you realise. Diversifying your portfolio across a range of products can also help you reduce risk and weather market uncertainty. So start doing your research and invest wisely today!
