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In her early twenties, Amy began investing casually. Initially, her foray into investing involved premium bonds and savings accounts, which seemed safe but were yielding minimal returns. The turning point came during a holiday where she stumbled upon a book about compound interest. Her excitement about the possibilities of investment grew, and she returned home eager to engage in more serious investing.
Initial Success and the Effects of Covid-19
Amy made initial investments into an ETF and watched her portfolio grow to nearly £50,000 over a span of 15 years. The experience felt rewarding, until the pandemic hit. As market conditions worsened, Amy's portfolio value began to plummet, and she felt an overwhelming sense of fear—leading her to sell her investments during a downturn.