Savings & Investments
Your assets, things of value, are made up of your Savings and Investments. Assets are investments that grow over time.
In Savings & Investments, we explore multiple asset classes so that you can determine which types of investments you need. This matters because where you choose to put your money is a significant determinant of the type and size of wealth you can build.
In additional to your asset allocation, another key factor that impacts your financial success is time. Someone who starts saving a small amount at age 25 will likely generate more wealth than another who puts in a bit more but starts later. This is because of the law of compounding.
Compounding allows you to keep growing your investments by continuously adding interests. You will find out that time is literally money so the longer you delay building your wealth the smaller your overall returns. A return is what you get back for your savings. This can be in the form of interests, dividends or increase in your capital.
It is important to note that where you choose to invest is dependent on many variables including, your current circumstances, any ethical considerations, the time you are willing to dedicate to managing your portfolio, willingness to take risk, when you want returns and more. It is very personal so as you read on, remember to tailor your asset mix to your needs.
In Savings & Investments, we explore multiple asset classes so that you can determine which types of investments you need. This matters because where you choose to put your money is a significant determinant of the type and size of wealth you can build.
In additional to your asset allocation, another key factor that impacts your financial success is time. Someone who starts saving a small amount at age 25 will likely generate more wealth than another who puts in a bit more but starts later. This is because of the law of compounding.
Compounding allows you to keep growing your investments by continuously adding interests. You will find out that time is literally money so the longer you delay building your wealth the smaller your overall returns. A return is what you get back for your savings. This can be in the form of interests, dividends or increase in your capital.
It is important to note that where you choose to invest is dependent on many variables including, your current circumstances, any ethical considerations, the time you are willing to dedicate to managing your portfolio, willingness to take risk, when you want returns and more. It is very personal so as you read on, remember to tailor your asset mix to your needs.
