Why You Will Want To Invest (Financial literacy)
In order to build your wealth, you will want to invest your money. Investment allows you to put your money in vehicles that have the potential to earn strong rates of returns. If you don’t invest, you are missing out on opportunities to increase your financial goals. Of course, you have the potential to lose your money in investments, but if you invest wisely, the potential to gain money is higher than if you never invest. You will want to invest for the following subsequent reasons :- · Grow your money Investing your money can allow you to grow it. Most investment vehicles, such as stocks, certificates of deposit, or bonds, offer returns on your money over the long term. This return allows your money to build, creating wealth over time. · Save for retirement As you are working, you should be saving money for retirement. Put your retirement savings into a portfolio of investments, such as stocks, bonds, mutual funds, ...