Are you ready to invest?
If you’re new to investing, these questions can help you decide if you’re ready to get started.
Important information - The value of investments can go down as well as up, so you may not get back what you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity's advisers or an authorised financial adviser of your choice.
Answer these five questions to see if now is the time to start investing.
1
Have you already paid off any personal loans you may still be paying interest on?
1
Have you already paid off any personal loans you may still be paying interest on?
YesPlease select an answer and click Next to continue.
2
Do you have enough saved to cover three to six months’ worth of normal living costs?
2
Do you have enough saved to cover three to six months’ worth of normal living costs?
YesPlease select an answer and click Next to continue.
3
Does your employer already contribute the maximum possible amount to your pension?
3
Does your employer already contribute the maximum possible amount to your pension?
YesPlease select an answer and click Next to continue.
4
Are you looking to invest for at least 5 years?
4
Are you looking to invest for at least 5 years?
YesPlease select an answer and click Next to continue.
5
Are you comfortable selecting an investment without receiving financial advice?
5
Are you comfortable selecting an investment without receiving financial advice?
YesPlease select an answer and click Next to continue.
Looks like you're ready to start investing
The best investors set up a firm financial foundation before they begin and make the most of expert guidance along the way. You're in a good position to take the next step.
Looks like you have a few things to consider before investing.
We believe investing for the long-term should begin with a firm financial foundation. Consider looking into the points below before you decide to invest.
Why are these points important?
Taking some of the basic steps outlined in this quiz could really help strengthen your financial position now, allowing you to focus on making the most from your investments, later.
Q1
Have you already paid off any personal loans you may still be paying interest on?
Your answer:
Left unpaid, interest on personal loans can really start to rack up. We think it's sensible to pay this off first so the only interest growth you have to think about is the one working in your favour.
Back to topQ2
Do you have enough savings to cover six months' worth of normal living costs?
Your answer:
The more time you give your investments, the more opportunity you give them to grow. That's why it's best to leave them untouched and dip into your savings if you need the money quickly. So, build up your financial cushion for that extra peace of mind and to help your investments stay geared towards the long term.
Back to topQ3
Does your employer already contribute the maximum possible amount to your pension?
Your answer:
Every employer in the UK must put certain staff into a pension scheme and contribute towards it. Some encourage you to contribute by promising to match anything you pay in on top of their contributions so it's worth checking you are making the most of it.
Back to topQ4
Are you looking to invest for at least 5 years?
Your answer:
Investing should be for the long term. If your time horizon is too short, you won’t have as much time to benefit from any growth in the market and your investments may find it harder to recover from any market dips.
Back to topQ5
Are you comfortable selecting an investment without receiving financial advice?
Your answer:
Spending time getting to know your investment options is important. We offer a range of guidance and tools to help you with your investment decisions. If you’re unsure then you could consider seeking financial advice, though there will be a separate charge for this.
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