How to convince your friends to start investing

Are you an avid investor surrounded by non-investors? Have you tried time and time again to shine a light on why it's a good idea to get started, to little or no effect? Believe us, we've been there. In this article, we've gathered five strong arguments proven to be a great help when convincing people to start investing. 

1. Starting earlier is a simple way to get ahead

Time is money. This applies especially to investing! The sooner you start, the better. Because, the sooner you start, even if with small amounts, the more time your investments will have to grow. For example, if you put in €150 every month with an Ambitious portfolio, you could have around €23,253 in your Peaks account after 10 years. If you invest for 20 years, it's more than double, at around €62,759. So a few years makes a huge difference!

2. You can invest with money you really won't miss

The threshold to start right away with €150 might be a bit high. Fortunately, you can also start investing with much less money. You can even invest with your spare change, by rounding up everyday spends. Every time you pay for something with your card or phone, like groceries for €27.30, Peaks can round up your transaction to the next euro. So in this case, you'd invest €0.70. Small bits here and there, but in the end your spare change can actually earn you quite a bit.

3. You're likely already investing... through your pension! 

Do you receive a pension contribution from your employer? Then chances are you already invest in pension funds. Have you ever wondered why pension providers actually invest that money and don't just hoard it for you in a big vault? Because they are also taking advantage of the return-on-return effect with the aim that your funds  will be worth more when you reach retirement age. Too bad you don't have any other say in that. With Peaks, you can build up a pension pot yourself, at least, if you still have annual margin. Do realise that a Peaks pension account is blocked and you cannot simply withdraw money from it in the meantime.

4. The money in your savings account is actually decreasing 

The Dutch generally find investing daunting; only a quarter of Dutch households invest. Saving is a more familar route, and indeed you take less risk with a regular savings account. Unfortunately, though, inflation is a lot higher than the savings interest you receive. Which means that the longer you leave your money in your savings account, the less far it takes you in the real world. 

5. If I can invest, so can you! (I'm not an investment expert after all!)

If you think investors understand in detail how investing works, you're wrong! Starting a Peaks account is super simple, it's as simple as downloading the app and deciding how much risk you are willing to take. There are a few basics that are good to know before you start, but you can also learn everything as you go along.

Next time you find yourself in a debate about the advantages of investing, we hope these five point come in handy. Share your referral code with your friends to give them starter credit and before you know it, you'll be in good company while investing!