Top tips for investing by ING’s Be Good at Money explains there is financial risk involved in all types of investing. The tips suggest diversifying – looking at types of assets held – and warn about the critical importance of monitoring fees and other costs. It tells how it can be a good idea to adjust your investment profile when your personal situation changes, such as becoming a homeowner, parent or when nearing retirement.
Invest with money that you don’t need in the short term. And given the risk of losing money when investing, it can be a good idea not to invest money that you can’t afford to lose.2
Only invest if you understand the risks of the products you’re investing in.3
Listen to your head
Invest rationally, not emotionally.4
This and that
Diversify your investments between different types of assets.5
Adjust your investment profile when your personal situation changes, for example if you have children or are nearing retirement.6
Monitor very closely all fees and costs are connected with investing. Compare the costs of different providers.