Have you ever wondered how the rich got their wealth and then kept it growing? Do you dream of retiring early (or of being able to retire at all)? Do you know that you should invest, but don't know where to start?If you answered "yes" to any of the above questions, you've come to the right place. In this tutorial we will cover the practice of investing from the ground up. The world of finance can be extremely intimidating, but we firmly believe that the stock market and greater financial world won't seem so complicated once you learn some of the lingo and major concepts.
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Investing (n-vsting) The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. It's actually pretty simple: investing means putting your money to work for you. Essentially, it's a different way to think about how to make money. Growing up, most of us were taught that you can earn an income only by getting a job and working. And that's exactly what most of us do.There's one big problem with this: if you want more money, you have to work more hours. However, there is a limit to how many hours a day we can work, not to mention the fact that having a bunch of money is no fun if we don't have the leisure time to enjoy it.
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Albert Einstein called compound interest "the greatest mathematical discovery of all time". We think this is true partly because, unlike the trigonometry or calculus you studied back in high school, compounding can be applied to everyday life.
The wonder of compounding (sometimes called "compound interest") transforms your working money into a state-of-the-art, highly powerful income-generating tool. Compounding is the process of generating earnings on an asset's reinvested earnings.
The wonder of compounding (sometimes called "compound interest") transforms your working money into a state-of-the-art, highly powerful income-generating tool. Compounding is the process of generating earnings on an asset's reinvested earnings.
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Success depends on ensuring that your investment strategy fits your personal characteristics.Even though all investors are trying to make money, each one comes from a diverse background and has different needs. It follows that specific investing vehicles and methods are suitable for certain types of investors. Although there are many factors that determine which path is optimal for an investor, i'll look at three main categories: investment objectives, and investing personality.
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An important fact about investing is that there are no indisputable laws, nor is there one correct way to go about it. Furthermore, within the vast array of different investing styles and strategies, two opposite approaches may both be successful at the same time.
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It's good to clarify how securities are different from each other, but it's even more important to understand how their different characteristics can work together to accomplish an objective.
The Portfolio
A portfolio is a combination of different investment assets mixed and matched for the purpose of achieving an investor's goal(s).
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* Reinvesting your earnings allows you to take advantage of compounding.
* Each investor is different in his or her objectives and risk tolerance.
* There isn't just one strategy that can be used to invest successfully.
* Each investment vehicle has its own unique characteristics.
* Diversifying investments in a portfolio helps to manage risk.
Together, all these points make up a foundation of knowledge with which any investor should be comfortable. However, these concepts mean nothing unless you can put them into practice.
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I do not know whether to consider it magical or sheer coincidence that you have submitted this educative piece. For me, it has been a long awaited moment that has come to reality i have a question. After investing my initial capital, do i have to continue adding up money every month? what happens if i do not do that. Again, do i have to specify to my bankers that I need the compounding type of account? And finally, which is better, mutual fund or Money market fund?. Thank you so very much in advance and have a fruitful day.
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