You’ve done what many consider to be the hard part by opening and funding your general investment account (GIA) with AJ Bell Dodl - so congratulations are in order! But now, it’s time to take the next step and invest those funds to unlock their true potential.
Make your money, then make it work harder
Adding cash to your general investment account is a good start, but remember, Dodl doesn’t pay interest on any uninvested cash in your general investment account.
Investing your cash could help you beat inflation and bring your financial goals that little bit closer.
The general investment account does what it says on the tin, it’s an investing account. Investing those funds can help you achieve much more. By investing, you can aim for higher returns compared with cash, a crucial action for building wealth over the long term.
Enjoy flexibility and control
A general investment account offers unparalleled flexibility. Unlike ISAs, there are no annual limits on contributions, allowing you to invest as much as you want. At Dodl we are big fans of long-term investing but you can withdraw your money anytime, giving you full control over your investments. One important thing to note is, that also unlike an ISA, any capital gains or dividends that exceed your allowance are subject to tax.
Diversify and grow
Investing your general investment account funds allows you to diversify across a range of geographical markets and assets such as stocks, bonds, and funds. Diversification can help manage risk by making sure your money isn’t all in one basket. The result? Generally, more stable returns over time.
Consider your options with care
Remember, investing isn’t without risks. The value of your investments can go up and down, and you might get back less than you invested. It’s essential to be comfortable with these risks and to consider speaking to a financial advisor to find the best strategy for your individual financial situation to make sure your money is working for you while being as secure as possible.
Ready to take the next step? We’re here.
Investing your general investment account funds with Dodl is a smart move toward achieving your financial goals. Why let your money sit idle when you could be making the most of the flexibility, growth potential, and ready-made options available to you.
Whether you're saving for a major purchase, a dream holiday, or simply looking to grow your wealth, investing in your general investment account can help you get there faster. Start today and give your financial future a chance to flourish.
To take control of your financial future, get started by investing in your Dodl ISA today!
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How to start investing with your GIA
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🔔 Remember investing carries risk – you could lose money as well as make it. Nothing in this article should be taken as advice - Dodl doesn't give advice, but we do hope the info is helpful!