Chancellor believes shale gas project worth the investment

Despite much opposition, George Osborne is still considering an investment in shale gas extraction.

11:49 22 July 2013

The possibility of extracting shale gas may be slightly more certain due to the belief that 10per cent of the underground resources could be successfully obtained. There is new discussion about offering a tax credit to offset the initial costs of such a project.

There are still critics of the thought of extracting the shale gas, but Chancellor George Osborne has reportedly made it clear that he feels the investment would be worthwhile for the UK’s struggling economy.

One of the key factors when it comes to finances is making good decisions and trying to judge whether or not an investment is worthwhile. Here are a few ways you can try to determine if an investment is right for you.

• Professional counsel—if you are not experienced with investments you may just want to skip the headache altogether and opt for help from a professional in the industry. He or she can review the information and your budget and determine if it will be worth the initial amount required.

 

• Tracking software/apps—there are a number of trackers in the form of PC software, as well as apps, that can help you track investments you have already made, and that may be able to forecast the success of an investment of particular interest. Always remember that projections can be faulty and if possible double check, and only invest amounts you can easily lose.

 

• Judge the benefit—if you’re seriously considering a particular investment, analyse how much you need to invest and what the potential outcome will be. Don’t be afraid to come up with best case and worst-case scenarios as the actual result will likely fall somewhere in between. If the worst-case scenario still seems like a benefit, chances are you’ll be happy investing.

 

• Be strict—one of the most important parts of making an investment worthwhile is sticking to the amount you allow for investing.