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week, we encouraged you to examine your retirement plans. You should have done
some research on your expected Social Security and pension benefits and have a
sense of how much money you will need to build up in your saving and investment
funds to meet your retirement goals.
the potential of growing considerably to provide you with a good source of
money during your retirement years. They can also help you to accomplish other
long-term financial goals.
you invest, you purchase assets, such as real estate, stocks, bonds and mutual
funds, that you hope will generate returns for you over time. It is important
to note that returns are not guaranteed. There is always the chance that you may
lose some or all of the money that you invest.
investing, knowing your risk tolerance, or “your willingness to take risk”
(Investopedia) is very important. The greater the risk you take, the greater
the chance you have of earning more money back. However, you also have a greater
chance of losing your money. If you have
a low tolerance for risk, you may be more comfortable purchasing investment
products like bonds, which are low risk compared to stocks, which are usually higher
risk associated with investing is one of the main reasons why many people do
not invest. The idea of losing hard-earned money can be alarming. However,
careful research maximises your chances of investing your money strategically
to ultimately generate a profit in the long run and earn the money
you need to accomplish your goals. When it comes to investing, it is important
to build a portfolio that you are comfortable with and let time work in your
favour. The earlier you invest, the less risk you have to take and the more
time you have to make your money work for you. (But remember: no investment is
When it comes to
investing, knowledge is key. Some important points to note about
Your prescription for Week 10
you have never invested before:
you already investing:
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