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how to save money for investment |
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delor ![]() New Member ![]() Joined: 22 Oct 2019 Status: Offline Points: 2 |
![]() ![]() ![]() ![]() ![]() Posted: 22 Oct 2019 at 1:31pm |
How
to save money for investment?
Let’s make this clear and done, many people confused about saving their
money for invest or saving it for their own... basically investing is a
expending with expectation of achieving a profit or material or by using
it to develop a commercial venture.
Does it worth it?
It’s worth it if you know what you are doing, it can be a losing money
if you didnt know what you dealing with, as it says ’Never invest in a
business you cannot understand’.
It’s easier to find the best home for your savings and investments with a
plan. With a plan you know how much to save, and can keep track of
progress. Before you can make a plan, you need to take stock - identify
your needs and goals and work out how much you can save...
For Beginners If your savings goal put some of your cash into
investments could allow you to earn more from your money and keep up
with rising prices.
Risks?
When you start investing, it’s usually a good idea to spread your risk
by putting your money into a number of different products and asset
classes. That way, if one investment doesn’t work out as you hope,
you’ve still got your others to fall back on. This is called
‘diversifying’.
And that’s all, The right savings or investments for you will depend on
how happy you are taking risks and on your current finances and future
goals. Grand bay, Mauritius Edited by delor - 22 Oct 2019 at 1:31pm |
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