Investing could offer better returns than cash savings, but this means more risk. Please remember the value of your investments can fall as well as rise. You may get back less than you originally invested.
When deciding how to invest, you should try to understand the level of risk involved and how much you're comfortable with. It's important to think about how long you want to hold your investment. It's a good idea to invest for at least the medium to long-term: at least 5 to 10 years.
Your attitude to risk
A number of factors affect how able you are to accept the risk of losses. These include how long you plan to invest, your income level, your age and health, your investment goals, the source of your money, and how much of your total assets are invested.
For example, if your investment is funded by an unexpected windfall, you may be willing to accept a higher level of risk than if you were using your life savings.