Riskier investments offer higher returns

Thu, 01 May 2008

Risk-free savings accounts are not suitable long-term investments, one expert has warned.

Jonquil Lowe, author of Save and Invest, a Which? essential guide, explained that while people are unlikely to lose their money in a savings account, other investments offer greater returns.

She said: "For short-term savers, a cash individual savings account or other high-interest savings account is a good option. But for those savers who are looking at a longer period of time and are willing to be a bit more adventurous, other options could give a greater return."

The key to successful long-term investment is understanding all the options and taking sound financial advice, she added.

People who limit their savings to low interest accounts risk losing out because of the effects of inflation, she concluded.

Yesterday, Henry Chan of Barings Asset Management claimed that the emerging economy of Taiwan offers several interesting investment opportunities as it under goes a period of political change.
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UK Investments - Financial, Property & Other Investments - 1998-2008

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