Saving vs. Investing
Which will you choose?
Why is Investing important?
Investments are basically to grow you money. Investments are made to secure your future, to meet urgent,unforeseen medical needs and to meet up expenses that you foresee will come up at some time in your life.
Investments not only add to your wealth,, but help you maintain your finances.
Investments not only add to your wealth,, but help you maintain your finances.
Why Saving is important?
We save, basically, because we can't predict the future. If we could, we would know precisely how much money we would need for the things that we want and need in the future. But because we can't do this, the need to save money for the future is vital.
Saving Options
Personal Savings
Anyone who earns money can put money into IRA plans. savers should choose the plan that best suits their circumstances and meets their long term goals.
Budget
This is a plan for spending and saving, based on one's income and estimated expenses. The first step is always to estimate your yearly expenses or even day-to-day expenses.
Company Retirement Plans
Companies offer pension plans to their employees. The employer makes contributions for the future benefits of its employees.
Investment Tips & Options
How To Get Started
Always start with research. This is the most important thing when trading anything. Next establish a break-even point, this will ultimately help you decide whether a stock is worth buying or selling. Now the rest is up to you! Just make sure you don't hold on too long, or get out too early.
Investment Options: Stocks vs. Bonds
Stocks represent shares of ownership in a corporation. A Stockholder is actually one of many owners of a Publicly Owned Corporation. If a Corporation dissolves for any reason, the owners of Common Stock receive the value of the sold assets of the Corporation.
Bonds are DEBT. They are sold by the Corporation in order to raise money for various purposes for use by the company.