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Why investing is really not that hard.

Man writing on board

Why investing is really not that hard.

Six in 10 people believe that a lack of financial education is holding them back from reaching their financial goals. We debunk their top excuses.

In the recent Emerging Affluent Study 2018, more than half (52%) of respondents across 11 countries stated that they are “very far” or “far” from achieving their first financial goal, be it setting aside an education fund for their children or starting their own business.

So why aren’t more people learning about investing? Here’s some of the top excuses we have heard and here’s why they just don’t cut it anymore.

It’s too risky

It’s Too Risky

Yes, there are varying degrees of risk when it comes to investing but risk is also linked to return. You are already saving your money, so why not make your savings work hard for you?

For conservative investors, go for products which may have guaranteed returns. If you can stomach a bit more risk, consider mutual funds, which invest in a wide range of assets, and are generally less risky than investing in single stocks.

It’s boring

Do you remember the days back in school when your parents encouraged you to study maths even though you found it really boring? In the same vein, you might not think that finance is the most exciting topic in the world but like maths, financial literacy is a must-have.

Financial calculators can help you simplify the process of calculating your investment returns, how much you need for your retirement or how much you need to save for your children’s education.

If reading long market reports turns you off, go for bite-sized summaries provided by banks and financial institutions. These can give you an overview of the market and a better idea of which geography and asset class to invest in.

It takes too much time

Seeking help from a financial advisor, whether you are chatting online or face-to-face, can help to get you up to speed with the latest market updates.

Some people worry that they will need to spend a lot of time reviewing their investment portfolios. But checking too frequently may even lead to making some bad short-term decisions. Generally, a half yearly review may serve the needs of those with diversified portfolios across asset classes.

Still not convinced? Consider investing in mutual funds. These are professionally managed, taking the hassle out of the investment process, leaving you with more free time to spend with the people you love.

It’s too confusing

Many people are so worried about looking uninformed that they would rather not ask about investing at all. If you ask yourself these basic questions, you will be well on your way to starting your investment journey,

This information is neither an offer to sell, purchase or subscribe for any investment nor a solicitation of such an offer. This information is general and does not take into account a person’s individual circumstances, objectives or needs. Investments carry risk and values may go up as well as down.

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Six in 10 people believe that a lack of financial knowledge is holding them back from investing. Find out the top excuses and why they don't hold water

Disclaimer

This article is brought to you by Standard Chartered UAE. This information is neither an offer to sell, purchase or subscribe for any investment nor a solicitation of such an offer. This information is general and does not take into account a person’s individual circumstances, objectives or needs. Investments carry risk and values may go up as well as down. Standard Chartered is not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.