Hello everyone. Today, I'll like to talk about investment and savings.
Investment is the act of placing capital on something with the hope of getting income or profit from it.
Savings, on the other hand means to set aside a certain part of ones money or fortune to be preserved for a later time.
Many people do not fancy investments, probably because of the level of risks involved.
There are different ways we can invest and different things we can invest in. prominent among them are: buying company shares, buying stocks, investment in real estate, investing in promising projects, forex market, real estate and ultimately, crypto currency.
There are different levels of investments with different risk levels. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high returns.
As a newbie, you can buy the shares of a company, usually sold periodically at a unit price. As a shareholder, you will be paid dividends at monthly or yearly interval depending on the unit of shares owned and profit made.
You can also go into the stocks market and buy a certain percent of stocks, you'll be earning monthly.
Another sure form of investments is in real estates. You can buy a plot of land or a property in a developing area while the value is low and sell when the area starts getting developed. Development of an area would lead to an increase in the value of the properties around there. You can now choose to sell or property and make up to or more than 100% profit as the case may be.
Another way of investment is in the foreign exchange market. I don't really know much about forex exchange but, you can read about it, make research and start trading.
You can also invest in new projects that are starting up and looks promising. you are sure to make lot of profits.
The ultimate of all, crypto currency.
Crypto currency looks to be the most promising investment. you can make a hundred percent profit in minutes and can lose everything in seconds.
Crypto currency looks to be one of the investments with a lot of risks. But there are different ways you can invest in crypto.
You can be a hodler. You buy coins when the price is low or during a dip and hodl for long term. in the period of one to two years, you will make a lot of profits.
You can also choose to get involved in trading. You can get involved in spot trading, future trading, staking in liquidity pools,etc.
As a novice in investments, it is advisable that you diversify your investment portfolio, invest in different things so as to reduce minimize losses.
Savings.
Savings involves setting a particular amount or percentage of money to be saved in the bank. interests are usually paid at a particular rate per annum depending on the amount saved.
People save money so that they have what to fall back to when they are in need.
There are very little or no risks involved in savings but there is very little income made from interests.
Some people prefer savings to investment, probably because of the risk involved in investments.
But why leave your money idle in a bank account when you can actually invest it and make good profits?
Make the right financial decision today.
Thanks for reading