You don't have to look far to find the naysayers to tell you keep your money nice and safe in the bank or tucked under your mattress. Somewhere where it will for sure be when you need it. It's the truth.
There are both winners and losers in the investment game because in the broad scheme of the investment profiteering food chain. Some have to be eaten so that others may prosper.
So if you have money really the choice is yours to make. To sit on it as it is and be assured that it will be there as it is when it comes time to spend it. However, don't lose track of the fact that it will lose value in storage this way and "that", like it or not, is in fact a loss.
A loss that depending on what type of currency you keep in can be quite substantial.
So now your response may be that the "banks or other similar savings options" pay interest. However, rarely does this amount of interest keep up inflation. As an example imagine someone who might have saved $ 100 in a bank say 40 years ago at 5% interest.
Now today at that rate those original hundred dollars would have built up over $ 500, which may seem like a lot of money.
It really isn't and you can rest assured that $ 500 can buy nowhere near what that original $ 100 bought 40 or 50 years ago. Also 40 something years ago there were incredible opportunities for investors that no longer exist.
Opportunities the people took advantage of back then to turn $ 100 into thousands and even in some rare cases tens of thousands today.
It was different back then though. Good quality information for investors back then was so much harder to come by than it is today. The Internet does serve change things to level the playing field for today's savvy investor who's willing to put in the time to do the research necessary to trim down their risk.
Quality investment advice from the voice of experience is also so much easier to come by online. You don't need a large amount of money anymore for instance to join an investment group as well. This means that even with $ 1000 you can begin long term investing.
It really is quite surprising once you been begin researching and discover how basic some things are the people are doubling and even tripling their money on them as little time as one year now. Basic staples like rice for instance in the commodities market has doubled over just the past year. Corn is also in on the rise over last year driven by ethanol production.
Haven't you always wondered how and why some investors make money in the declining economy while so many others lose? It's simple. Those winners are the investors who think long term and don't buy and sell or radically.
A declining economy means lots of fire sales as a short term investors move to cut their losses. This is the time when the long term investor buys.
Chesterton House Financial Planning Ltd is one of the leading independent planning firms in the UK. They can help if you have Money To Invest and need advice or information.
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