By Michaela Heilesen
Savings: Why Are They Important?
Tips On Savings
The Power Of Investing
Systematic Investing: This includes investing on a regular and planned basis. This is more of a long-term investment as the bigger results happen in 20+ years. There's not much liquidity. There's a pretty nice rate of return, a little tip is to go and find out more about The Rule of 72.
Strategic Investing: If you've made it this far you're doing well! You can now begin strategically thinking and take more risks. Managing your portfolio and keeping an eye on balancing out losses and gains in your stocks, funds and/or annuities. These goals are medium-term: 5 to 10 years. There's not much liquidity. The rate of return will vary depending on how well your investments do.
Speculative Investing: A lot of people don't get to this step and it's okay! But if you do, kudos to you! This investment option has the highest risk, yet the highest possible gain. To many, this involves investing in things such as penny stocks or collectibles. With this in particular the liquidity and rate of return will vary, as investments are usually in physical items.