Reasons for You To Start Investing

[ 0 ] November 29, 2012 |
You will ultimately agree with me that investing has become increasingly important over the years becausepeople want to secure their futures, and they know that if they are depending on governmrnt, and in some cases retirement plans, that they may be in for a rude awakening when they no longer have the ability to earn a steady income. Investing is the answer to the unknowns of the future.

You may have been saving money in a low interest savings account over the years. Now, you want to see that money grow at a faster pace. Perhaps you’ve inherited money or realized some other type of windfall, and you need a way to make that money grow. Again, investing is the answer.

Investing is also a way of attaining the things that you want, such as a new home, a college education for your children, or expensive ‘toys.’ Of course, your financial goals will determine what type of investing you do.

If you want or need to make a lot of money fast, you would be more interested in higher risk investing, which will give you a larger return in a shorter amount of time. If you are saving for something in the far off future, such as retirement, you would want to make safer investments that grow over a longer period of time.

The overall purpose of investing is to create wealth and security, over a period of time. It is important to remember that you will not always be able to earn an income…you will eventually want to retire.

Knowing what your risk tolerance and investment style are will help you choose investments more wisely. While there are many different types of investments that one can make, there are really only three specific investment styles – and those three styles tie in with your risk tolerance. The three investment styles are conservative, moderate, and aggressive.

Naturally, if you find that you have a low tolerance for risk, your investment style will most likely be conservative or moderate at best. If you have a high tolerance for risk, you will most likely be a moderate or aggressive investor. At the same time, your financial goals will also determine what style of investing you use.

If you are saving for retirement in your early twenties, you should use a conservative or moderate style of investing – but if you are trying to get together the funds to buy land and build at least a house in the next year or two, you would want to use an aggressive style.
 
No matter what type of investing you do, however, you should carefully find out about the investment. You must never invest into anything that you do not have all of it facts!
In conclusion,investing is the key to securing your own financial future, but you must make wise investments!

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Category: Be your Own Boss, How to Make money online, Wealth Creation

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