If you keep your money in your pocket instead of investing it, your money doesn’t work for you and you will never have more money than what you save. By investing your money, you are getting your money to generate more money by earning interest on what you put away or by buying and selling assets that increase in vaIue.
Financial stability has always been a major consideration of every person, especially for those who want to secure their financial standing in the future by making the necessary investments. Relying alone on salaries would not help. And although it is good to have savings account, it is highly preferred to invest the money since the rate of return is much higher.
An investor needs to allocate capital in a prudent way in order to reap the benefits of having exposure to the financial markets. Without an investment portfolio, an individual may be unprepared for some of the major milestones in life. Placing money in a bank savings account may protect money, but growth is likely to be highly modest in comparison with the potential profits in investments.
You probably already know that having an investment, is a great way of supplementing your income for the now and for the future. It is good you also come to know that, venturing into any investment of your choice alongside your salary or steady means of income gives you financial security.
One of the benefits of investment is that a prudent investor can have his money work for him to earn more money, rather than having to earn that extra money directly working it himself. This gives the investor the benefit of enjoying a higher standard of living for roughly the same amount of work.
The BIG question now you should ask is, “where should I invest?”
There are numerous investment portfolios and ventures you can invest on, only have a positive mindset towards investing, and step out ‘cos the earlier, the better.
Good to Know: The value of investments can go down as well as up and you may not get back the amount you initially invested. If you have any doubts about which investment product is right for you please contact your financial adviser.