INVEST THE EXTRA MONEY TO GET EXTRA MONEY


A purchase undertaken in the hopes of making money or growing wealth is referred to as an "investment." The phrase "appreciation" refers to an increasing asset's worth over time.

Investments are crucial because they enable you to increase your wealth and create a second source of income.

Three goals—safety, income, and growth—are the primary purposes of every investment object. 

 

Things to consider before and during investing


-Don't count on your investment returning a quick double or triple. -Be willing to accept gains and losses. -Become knowledgeable about the securities you intend to buy. -Always research markets before making an investment. -It would be ideal if you didn't invest everything in one stock. -It's crucial to maintain control over and keep an eye on your finances.


Three Ways to Get Into Investing


(i) Register for a brokerage account:

You can buy and sell a variety of securities, including stocks, bonds, mutual funds, and exchange-traded funds, using a brokerage account, a form of investment account (ETFs). If you are saving money for the future or setting money aside for a large purchase, you are free to utilize your money whenever and however you please.

(ii) Mutual fund investments:

In order to buy securities like stocks, bonds, money market instruments, and other assets, a mutual fund, a type of investment vehicle, collects money from many different investors.

(iii) Utilize an online investment platform:

On a variety of online platforms, you can invest in a selection of items, such as stocks, bonds, and ETFs. Because they usually charge less than traditional brokerages, these platforms make excellent choices for first-time investors. 


- Sri Varshita

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