DIFFERENT TYPES OF INVESTMENTS
DIFFERENT TYPES OF INVESTMENTS
Investing your money can be a great way to grow your income and boost savings. You do not need to be an expert to invest your money but you do need to know what and where you can invest your money and what that means for you.
The Money & Pensions Services created this great guide on the types of investments that you can have. Learn about your workplace pension and learn about shares, with this guide you will get a great overview what different types of investments are available to you.
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Beyond The Guide
With technology there are now new types of investments such as cryptocurrencies (like Bitcoin) and non-fungible tokens (NFTs). These provide you with alternative assets to invest in but are still relatively new asset classes meaning they are typically much more riskier investments than the ones listed above. This is why it is vital that you get expert help if you are considering investing in new cryptocurrencies and NFTs and take time to understand how they work and what they mean for your money. Again, it is vital that you learn how fees work and how to “liquidate” your assets (i.e. turn them back into money you can use again).
Cato - offering more
Our goal at Cato is to maximise your financial potential that means taking the many advantages of what investing into assets can bring to your money. With Cato you will be able to grow your finances with an easy to use and understand interface.
We also create content such as this in the Smart Hub so that you can build up your financial knowledge, allowing you to understand how to make your money go further for you.