To invest simply means putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. By investing your money, you can create more wealth for yourself and for others. An investment generates money by earning interest on assets that increase in value.
Some of the benefits of investing are:
Upgrade your Lifestyle: In order to improve your standard of living, you must earn a decent income to fuel your new lifestyle. Investing your money wisely could earn you the ability to upgrade your life by giving you returns thereby creating wealth over time. Improving your lifestyle may involve things such as getting a more comfortable house or apartment, a more exquisite ride, a higher education, better clothing, etc. If you already employed at a job, you may want to keep some money aside monthly for investing as a means for a second income.
Save For Retirement: As an employee, putting your retirement funds or savings into a portfolio of investments will enable you to live off funds earned from these investments by the time you are old and retired.
Start and Establish Companies and Businesses: In order for you to start and establish a business, you would need some capital. Investing your money enables you to obtain the finances required to create and establish new businesses and build them into successful organizations that can provide you with strong future return or profit.
Innovation and Idea Creation: Inventing a new idea require funding. Investing your money now will enable you to invest in your ideas or that of others as a venture capitalist. Multibillion-dollar corporations such as Google, Uber, Amazon and the likes all started as an idea and with the input from venture capitalist all became a reality.
Support Charities and Philanthropies: Your returns from your investment could enable you to reach out to individuals, families, and societies in need through charities and philanthropic engagements to improve the standard of living and provide basic human needs.
The following vehicles and schemes are usually used in growing funds when investing. They are:
- Stocks and Indices
- Government Bonds
- Commodities such as precious metals, agricultural product, and energy
- Real Estate
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