Investments
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Investing is the active redirection of resources from being consumed today, to creating benefits in the future; the use of assets to earn income or profit. | |
To acheive long-term success, you have to have a purpose in mind when you begin investing.People invest with many different objectives. If your goal is saving for a down-payment on a house next year, your goal is a specific amount of money and your time fram in very short. Therefore, you wouldn't want to invest your money in aggressive investments that carry a lot of risk. You simply wouldn't have time to recover from heavy losses. Evaluate the RiskEvery investment has some risk associated with it and that risk is a factor that should be evaluated with each and every investment you consider. The general rule is "The lower the risk, the lower the potential return; the higher the risk the higher the potential return." Understanding your Risk Tolerance is key to your investing. It is basically how much risk you can stand - both emotionally and financially. Use this calculator to help you clarify your comfort level with investment risk: Risk Tolerance Calculator I want help to start investing.
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