‘I turned £1k into £140k in two years’ | Money

One way to combat inflation is to invest any spare money you have rather than put it in cash savings. A sensible return for long-term investing can be about 4 per cent a year — half the rate of inflation and more than double what you will get in cash. For investors who take more risk, the gains can be higher, but so can the downsides. We asked new investors what prompted them to escape their safer havens.

Vincent Elwick, 32, always had an interest in economics, but never had much of an understanding of investing.

Elwick, a pharmacist from County Durham, found himself with some extra cash in March 2020, after the pandemic forced him to stay in and save.

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