Money is of course top of the list when it comes to issues most people worry about.
Whether it’s regarding short-term finances or our long-term future, financial insecurity can cause serious anxiety and low self-esteem.
But even though it often seems tempting to ignore money worries, recent research suggests that tackling the issues head-on can actually make people feel better than not doing it at all.
And by this they mean something as simple as opening an investment account.
In Blackrock’s Global Investor Pulse, which each year asks what people think and feel about their financial health, they report that once people start investing, 43% feel happier about their financial future, 36% of people have a higher feeling of wellbeing and 19% feel less stressed.
The results say this is true regardless of wealth, age, gender or life stage. Even more encouraging is that new investors say the improvement in their mood is immediate.
For those of you who already have a financial plan, this may simply be interesting to note. We’d love to know if you feel you are happier as a result of knowing that you have a plan in place. And even more interesting would be whether – as the research suggests – this feeling was immediate.
But it may be more meaningful to people you know who aren’t currently investing their money. Currently 63% of British adults hold no market-based investments at all. The reasons range from finding it too difficult to understand and feeling as if investing is just for experts’.
However, now might be as good as any to enter the market for the first time and tiny steps can have a huge impact. Even investing small amounts of money can lead to a greater return than just having it in a savings account where interest rates are at an all-time low.
Whether you are a current Prosperitas Group client or someone just looking to get some advice, please do contact us.
If you think it would be helpful for a specialist adviser to talk to anyone in need of a financial second option, then please pass on our details – We would be happy to give them a call and discuss their needs.
Afterall, the results also say that 76% of investors who use a financial adviser report having a positive sense of wellbeing, and who are we to argue with that?!
The value of your investment and the income from it can go down as well as up and you may not get back the full amount you invested.
Past performance is not a reliable indicator of future performance.
Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
Ancojada Limited trading as Prosperitas Consult is not authorised or regulated to provide financial advice.
All financial advice is provided by other regulated businesses.