WOMEN WHO INVEST COULD DOUBLE THEIR RETURNS AND REACH THEIR PROPERTY, EDUCATION OR RETIREMENT GOALS FASTER
Those who invested in a stocks and shares ISA 15 years ago could have enjoyed gains of almost double that experienced by individuals leaving money in cash over the same period.* However, with almost half of women still preferring to save in cash, those who have saved diligently may have had to wave good-bye to meeting those long-term life goals.
These findings are backed up by figures released from HM Revenue & Customs (HMRC) showing the UK’s latest ISA sales with the numbers reflecting that more women subscribed to cash ISAs in 2015-2016 (5,193 compared to 4,379), while more men subscribed to stocks and shares ISAs (1,101 to 892).**
Analysis based on the full ISA allowance invested in the FTSE All Share over average cash savings rates over 5, 10 and 15 years, show the cost of cash [table below]. By taking the plunge and investing in the stock market, women (and men) can reach their financial goals sooner, whether that’s building up a deposit for a first home, paying school fees or saving for retirement.
If you are yet to invest in the stock market, there is no better time than now. Investing in a large company is a low risk way of getting returns on your investment, so you might want to buy apple shares uk. Alternatively, you could invest in Netflix, Facebook or Google. The bigger the company, the less risk involved and low risks investments are always best when you are first building up your portfolio.