An asset or item that is purchased with the hope that it will
generate income or appreciate in the future. In an economic sense, an
investment is the purchase of goods that are not consumed today but are used in
the future to create wealth. In finance, an investment is a monetary asset
purchased with the idea that the asset will provide income in the future or appreciate
and be sold at a higher price. When it comes to choosing what investment to go
for, one-size-fits all approach just doesn’t work – there isn’t a single best investments product that will work
for everyone.
We all have a unique set of personal circumstances and
individual savings goals, and it’s only when you take a closer look at these
that you can begin to answer the question ‘what is the best investment for me?’
Some investments also have a minimum financial commitment, so knowing what you
can afford and whether you plan to make a one-off or an ongoing saving is a
good starting point. There's something about the idea of doubling one's money
on an investment that intrigues most investors. It's a badge of honor dragged
out at cocktail parties, a promise made by over-zealous advisors, and a
headline that frequents the cover of some of the most popular personal finance
magazines. Where this fixation comes from is anyone's guess. Perhaps it comes
from deep in our investor psychology - that risk-taking part of us that loves
the quick buck. Or maybe it's simply the aesthetic side of us that prefers
round numbers - saying you're "up 97%" doesn't quite roll off the
tongue like "I doubled my money."
Fortunately, doubling your money is both a realistic goal that
investors should always be moving toward, as well as something that can lure
many people into impulsive investing mistakes. How to make money fast could be two types of one is short time and
other is long term. Short term investing allows investors to invest their money
with little or no risk, while knowing their money is not going to be tied up
for long periods of time. The typical short term investment is for several
months, or a few years, and can be turned into cash or other short term investments
when they reach maturity. In the investing world, “long term” investments are
really long term — often decades — which leaves room for short term investments
that can still last several years. By this a good investment can be generate
and a better outcome will come. We knows the best
possible ways of how to invest money.
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