People and Financial Firms
Selecting investment help should be a careful process.
Learning to invest is one of the most important financial steps you can take. There are several reasons why investing is important:
Investing can be one of the most effective and efficient ways to provide for your future self. Investments, compounded over many years, can increase your wealth and give you confidence for a safe retirement. If managed well and long enough, investments have the potential to grow substantially over the course of time.
Are you trying to pay off debt? Saving for your children’s education? Trying to build wealth? Whatever your long-term financial goals are, investing can help you achieve them. Compounding interest and growth of investments over the years can give you the financial security you need to accomplish your bigger financial dreams.
Most financial professionals recommend maintaining a savings account. Savings accounts typically provide interest earnings of less than 1.0%. But, historically, the US inflation rate has averaged 2.2 % annually. Your money will eventually lose value if you only use savings accounts. Investing is a way to counteract inflation and may help preserve and increase the value of your hard-earned savings. Investing, however, involves more risk than savings, so it's important to consider and understand the risks when making investment decisions. Risk is further explained here.
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