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My monthly saving plan

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  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Read up about Pound Cost Averaging. Where falls int he market help you early in your investment years. AS even though already invested money drops, your monthly contribution will buy MORE shares/units. So will boost long term performance during short term volatility.

    then also google Moneyvator compound returns

    These (and other articles at moneyvator) will help you understand and bee less anxious.

    the biggest thing to remember is, diversify. So in your case a global tracker or lifestyle fund would be best.

    And not to panic during market corrections. However bad it is, it always gets better eventually ;) So you only make sure of a loss if you sell in a panic.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    atush wrote: »

    then also google Moneyvator compound returns

    These (and other articles at moneyvator)

    monevator :cool:

    I agree very much with everything else you put in that response
  • LottieJ
    LottieJ Posts: 10 Forumite
    Super - thanks atush, that's really helpful advice
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