Tips for Shrewd Savers | AccountingWEB

Tips for Shrewd Savers

The British publication, The Telegraph, has published a list of quick tips for clever savers. No matter what country you call home, keep these tips in mind as you assess your savings in the current economic downturn. Follow this link for additional descriptive information.

  • Invest in something you understand
  • Keep your cool
  • Know the risk
  • Limit your risk
  • Consider your age - this is a factor in determining your definition of long- and short-term
  • Keep money accessible for a rainy day
  • Spread the risk over multiple investments
  • Don't choose to invest long-term unless you can live without the cash for the long term
  • Don't hesitate to sell when you have made a profit
  • Don't take advice from strangers

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.