Skip to the content
  • Home
  • Business
  • Investment
  • Banking
  • Guides
  • Savings
  • About
  • Contact

Category: Banking

Why Investing Now Is Your Best Move
Banking, Business, Consultant, Guides, Investment, Latest, Savings
  • By Marc Rice
  • Comments Off on Why Investing Now Is Your Best Move
  • March 26, 2017

Why Investing Now Is Your Best Move

Time isn’t always in your favor so start investing now. A lot of young adults hesitate to invest because they feel that it takes a ton of money to start and grow an investment. This fear is unfounded and shouldn’t stop you from doing it now.

Saving vs Investing

But before taking the leap, be aware that investing is totally different from saving. Saving won’t bring you wealth, but anytime you need funding, savings are a ready source of cash. Savings account, checking account, and time deposit are examples of this category. Meanwhile, investing is riskier but the higher the risk the greater the return. Mutual funds, stocks, and bonds are some investment vehicles you can avail of.


The beauty of investing now

Why start now? The earlier you do it, the sooner you’ll realize the power of compounding. Say you are 30 years of age right now and at 8% yield you were convinced to start investing $10.00 weekly without fail. By the time you reach 65, your money would have ballooned to about $99,000. Now that’s a sound investment. But what if you had started a decade earlier. At 20 years of age, you have invested the same amount weekly at the same expected yield. By age 65, your money would have been close to $229,000!

Seeking the help of an expert

If you have decided to invest now, it is wise to seek the expertise of a financial adviser. While not really necessary, a financial coach can help you map out a plan towards your financial objectives, research for good investments, and help you earn profits from them.

When you’ve found a potential financial adviser, do not hesitate to raise questions. Start with asking about his work and experience in the field. Ask how he charges fees. Currently, advisers would either charge based on the aggregate assets he is managing for you or simply ask for a commission.

Investing while still young gives you an edge over the others who opt to start later in life. You gain financial freedom earlier than the others. You can even retire early because you’ve started investing at a time when others are still taking th

Welcome

The Dmozsucks Blog is for anyone looking for a life of prosperity and security through sound investments. Learn how to invest your money and where to put it. Breeze through information about up-to-date investment opportunities, advice from financial coaches, and actual experiences of people who prospered through smart investing.

Featured

  • The Energy Sector Post Covid
  • Luxury-Beach-House-in-Costa-RicaInternational Real Estate on the Rise
  • Picking a Financial Adviser
  • Contrasting Real Estate Market Conditions
  • The Need For Government Intervention In B.C. Housing Market

RSS Around The Web

  • Talk Your Book: Choose Your Own Investments
  • The Michael Scott Economy
  • Banks, Buy What You Know & Financial Disasters
  • Is Housing a Bubble Waiting to Pop?
  • Animal Spirits: Invest in What You Know
  • The Price of Admission
  • Animal Spirits: Listener Mailbag
  • Scarcity is an Ally of Appreciation
  • Talk Your Book: Looking Back at the Crypto Meltdown
  • Was That the Bottom?

Follow Us!

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedIn

Quicklinks

  • Home
  • Privacy Policy
  • Terms of Use
  • Contact
Copyright 2017. All rights reserved.
Proudly powered by WordPress | Theme: Consultera by Wpazure.
Back To Top