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Five ways to save time when you invest

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Summary

Want to invest but don’t think you have time? Think again.

3 min read

We all have busy lives and sometimes it can be hard to find the time to do the things we know we should. Here are five time-saving tips to help you sort out your investments.

The world of finance seems to be getting more and more complicated, with a myriad of new options on how to invest popping up every day. Sorting through it all can look like a full-time job. Short of taking a week off work to sort it all out, what can you do to help lighten the load?


1. Do it online

If you really want to get started with the minimum of bother, you should check to see if your bank offers an investment service through its online banking.

You’re spoiled for choice for online investment providers these days and just sorting through those to find the best deal can present a challenge in itself. But if you’re happy to make your own decisions about investing, checking with your bank can be a quick and easy way to get started.

2.      Check your investments while on the move

Once you’re invested, you’ll be conscious of the need to keep track of how your investments are doing. Depending on what happens, maybe you’ll want to switch investments, invest a bit more or take any potential profits by cashing in.

Many online investment platforms enable you to check on progress and make changes remotely through you laptop, tablet or mobile phone. This means you don’t have to set aside an afternoon to go through reams of documents, but can log in for a quick check over your morning coffee or before you settle down to watch something on Netflix.

“If you really want to get started with the minimum of bother, you should check to see if your bank offers an investment service through its online banking.”

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3. Get someone else to do it for you

A professional investment advisor will help you zero-in on your goals, your attitude to things like investment risk and any other preferences you have. Then they can recommend what they think is the best way for you to invest your money and even help get it all set up.

Charges can be higher than online investing because of the higher level of service and, of course, sitting down to talk through your preferences will mean a greater initial investment of time. And speaking of initial investments, you may need to have a large lump sum to qualify for the service.

But in the longer term you’ll be able to get on with your day while the experts take care of your specific investment needs.

4. Invest in yourself

You could find that taking the time to learn about investment will enable you to make decisions faster later on. You could find it easier to get your investments in order if you have even a basic understanding of the importance of a long-term view and what levels of investment risk mean.

And once you’re up and running, spending five minutes a day scanning the investment news could make it easier for you to make decisions about when to invest more or take your money out.

5. Invest for the next generation

It won’t save time today but it could in the future. By helping to establish your children’s, or grandchildren’s, finances today, you will be contributing to their financial independence later in life.

Get started today

Finding the time to invest can be a challenge but it’s worth doing at your earliest opportunity. The longer you are invested the more chance you have to benefit from possible investment returns and ride out some of the ups and down of the markets.

If you are a Coutts client with online banking, UK domiciled and resident and over the age of 18 you can get started right now with Coutts Invest. From as little as a £500 initial investment, and just a few minutes, you could make a start with online investing.

The value of investments can go down as well as up and you could get back less than you invested

Key Takeaways

Investing can seem like a daunting, time-consuming task. But it can actually be quite straightforward. And the sooner you do it, the more chance there is that you’ll benefit.

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