Friday, December 24, 2010

Why You Should Invest by Ravinder Tulsiani

Why You Should Invest by Ravinder Tulsiani

Investing has become increasingly important over the years, as the
future of social security benefits becomes unknown.

People want to insure their futures, and they know that if they are
depending on Social Security benefits, and in some cases retirement
plans, that they may be in for a rude awakening when they no longer
have the ability to earn a steady income. Investing is the answer to
the unknowns of the future.

You may have been saving money in a low interest savings account over
the years. Now, you want to see that money grow at a faster pace.
Perhaps you’ve inherited money or realized some other type of
windfall, and you need a way to make that money grow. Again, investing
is the answer.

Investing is also a way of attaining the things that you want, such as
a new home, a college education for your children, or expensive
‘toys.’ Of course, your financial goals will determine what type of
investing you do.

If you want or need to make a lot of money fast, you would be more
interested in higher risk investing, which will give you a larger
return in a shorter amount of time. If you are saving for something in
the far off future, such as retirement, you would want to make safer
investments that grow over a longer period of time.

The overall purpose in investing is to create wealth and security,
over a period of time. It is important to remember that you will not
always be able to earn an income… you will eventually want to retire.

You also cannot count on the social security system to do what you
expect it to do. As we have seen with Enron, you also cannot
necessarily depend on your company’s retirement plan either. So,
again, investing is the key to insuring your own financial future, but
you must make smart investments!

About the Author: Ravinder Tulsiani is a published author who has
written about personal finance, real estate, self-help and online