- Plot the path
Like gardening, successful investing starts with understanding what you want, when you want it and how to get there. Sharon Bonfield, Propositions Manager at St. James’s Place Wealth Management, points out:
“If you’d like radishes in your salad all year round, you have to keep planting them every few weeks. Similarly, when you’re saving for a rainy day, you need to keep replenishing your pot if you dip into it.”
But you’d need to take a different approach if you wanted an asparagus crop, she adds:
“It takes months for the seeds to germinate and three or four years to get the asparagus spears. You have to look after it all that time without getting anything back, but when it starts producing, it can do so for decades.”
What’s more, if you want to plant something that will produce results in a matter of weeks, you’ll need to identify the appropriate options.