Investing basics
Investment Basics
Becoming an investor is a step by step process. Just like learning a new language, you need to start with the basics. When the essentials have been grasped and the knowledge has been put to practice, only then can you build an investment portfolio that will help you build wealth and achieve your long term goals.
To assist you on that journey, here is a look at the most common types of investments.
TYPES OF INVESTMENTS
The basics of investing starts with the various methods an investor may employ to make money. It is important to have a variety of investments, but the key to sustaining the balance and growth is to understand both the pros and cons of the options.
Savings Accounts
A savings account is the most basic of investment options. Usually provided by any bank, it offers the lowest returns among other investments. While many consider a savings account the best option for easy liquid access, it is advised to keep only the amount required for day to day needs in a savings account.
Other liquidity needs can be taken care of by investing in liquid mutual funds that offer superior returns.
Stock
It’s proven historically, that owning stocks is the best way to build your wealth, as they provide the highest returns. Buying stocks means that you are...........Read More
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