Investing Wisely: An Introductory Guide
What makes investing a good idea?
In financial circles, the pros and cons of investing vs saving are often discussed. They are, however, only two sides of the same coin.
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Savings is a vital weapon in the financial arsenal when it comes to developing wealth because it provides the funds needed for investments, not because it generates value on its own. Investing, at the very least, enables you to keep up with inflation-induced rises in the cost of living. At most, compound interest—or growth gained on growth—is the main advantage of a long-term investing plan.
Should you save or invest more money?
Since every investor joins the market for a different reason, the best response to the question of how much to save is "as much as possible." 20% of your sa...