UK majority shows investing in olympics
Investing always has an air of mystery because of the risk involved, but there are ways to reduce such risks.
07:28 04 August 2013
When investing in something, we have to take the risk that we might suffer a loss. Luckily for the UK, even though the cost of the Olympics was just reported to have been about three times the expected amount, most people would be happy to host the Olympics again.
There was a trade increase related to the Olympics of £9.9billion which leaves the UK coming out with a little bit extra after the expenses. In addition to that, there were intangible benefits such as improved fitness and activity levels among 11per cent of people who were polled.
In our own finances, we have tools to determine the likely outcome of investments, but there is always substantial risk when investing in something that has the potential for a large payout. Here are a few ideas to help you with your investing:
- Consult with qualified professionals who are capable of giving investing advice. This is a great step to begin with if you have the funds you want to invest already and simply want the easiest way to begin your portfolio. Your initial investments will be the key to your future ability to invest. Setting the proper foundation is essential to maximise your success.
- Use the internet to your advantage. You have the ability to access a plethora of information if you have internet access, or if you can visit a place that gives you access. There are special calculators you can use to help you set investing goals, or may even help you determine how much to invest in low-risk funds and high-risk funds.
- Research specific companies. Many of us have companies that we like to support because we appreciate a level of service, or particular product. Begin with studying the businesses that you are already familiar with and find out what investing possibilities are present.