Financial investment refers to putting aside a fixed amount of money(capital) and expecting some kind of profit out of it within a scheduled time frame. Financial Investment enhances all your dreams come into reality and makes sure you enjoy life to the fullest without actually worrying about the future. Careful investment makes your future secure and controls an individual’s spending routine. It decides how and what amount a person should spend so that he/she has adequate money for the future because you dont know what tomorrow holds. Don’t just blindly trust your financial advisor. Read the terms and conditions and go through all the related documents carefully before signing. Check out risk factors, tenure, clauses etc before selecting the plan. A good return on investment is generally considered to be about 7% per year.
Having financial investments is important because your investments can help you overcome inflation, save for retirement, put your money to work and serve as additional financial resources in the future. A Financial investment is also an asset. Land is an essential asset which an individual can benefit in so many ways. You can purchase a land and sometimes financing it can be a problem. Here are ways one can benefit from a bare land; building apartments and hostels, using it as farmland, Rent the land out, for Recreational purposes and BOT(build operate and transfer) etc.
12 Life Time best investments
1. High-yield savings accounts 2. Certificates of deposit (CDs) 3. Money market funds
4. Government bonds 5. Corporate bonds 6. Mutual funds 7. Index funds
8. Exchange-traded funds (ETFs) 9. Dividend stocks 10. Individual stocks
11. Alternative investments and crypto currencies 12. Real estate
In conclusion the term “investing” may implore images of the frenetic New York Stock Exchange, or perhaps you think it’s something only meant for those wealthier, older or further along in their careers than you. But this couldn’t be further from the truth. When accessed responsibly, investing is the best way to grow your money, and most types of investments are accessible to virtually anyone regardless of age, income or career. Such factors will, however, influence which investments are best for you at this particular moment.