Why you need to Invest
Investing has become increasingly important over time, as the future of sociable security benefits becomes unknown.
You may have been lowering costs in a low interest savings account over time. Now, you want to identify that money grow at a more rapidly pace. Perhaps you’ve inherited money or realized various other type of windfall, and you want a way to make that cash grow. Again, investing is a better solution.
Investing is also a way of attaining what you want, such as a whole new home, a college education for ones children, or expensive ‘toys. ’ Of course, your financial goals will determine which investing you do.
If you want or need to make a lot of cash fast, you would be keen on higher risk investing, which offers you a larger return in a shorter amount of time. If you are saving for something inside the far off future, such while retirement, you would want to create safer investments that grow over a longer time of time.
The overall purpose in investing is to create wealth and security, over some time. It is important to remember that you will not always be able to earn an income… you can eventually want to retire.
You also cannot count on the social security system to perform what you expect it to perform. As we have seen with Enron, you also cannot necessarily depend on your company’s retirement plan either. So, again, investing is the true secret to insuring your own monetary future, but you must create smart investments!