Why Investing is Important
Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value.The greater growth potential of investing is mainly as a result of the power of compounding and the risk-return tradeoff.
Earn additional income
Good financial advice
How to Benefit from Investing
Building a portfolio of quality investments is one way to help you get ahead financially and achieve your long term goals.
Saving involves putting aside money today for use in the future while investing is more than building rainy day savings.
Potential for healthy long term returns
Set some goals
How to Determine Your Investment Risks
Here are some things to think about when determining the amount of risk that best suits your investing options.
Once you have good savings, you may want to diversify your assets among different types of investments. Diversification can help smooth out potential ups and downs of your investment returns.
Rule of 72
The Rule of 72 can help you estimate how your investment will grow over time. Simply divide the number 72 by your investment’s expected rate of return to find out approximately how many years it will take for your investment to double in value.
Make a plan and stick to it.
It is never too late to save and invest.
How to Invest for Retirement
How much money will you need when you retire? Will you save enough today to meet your future needs at prices higher than today’s due to inflation? Many people don’t save enough for retirement.
Start a business
Plan your investment strategy.
Prepare for emergency
Why You Need to Start Investing Early
The earlier you begin planning for retirement, the greater your potential return on investment. By taking advantage of your youth, you can get a head start on saving for your future.
However, if you’re not sure about the benefits of early investing, here are some reasons why it’s best to start now.