Why You Should Invest

By: Shayne Harris

More and more people are asking questions such as "Why Should I Invest?" Investing has become an important factor over the years, as the stability of social security benefits becomes unclear.

People are wanting to insure their later years, and they coming to the realization that if they are depending on Social Security benefits, and in some cases retirement plans, that they may be in for a real shock when they no longer have the ability to earn a steady income.

Investing is the solution to the unknowns of the future. Most people have been putting away hard earned money in a low interest savings account over the years. Now, you want to see that money grow at a much quicker rate. Perhaps you've inherited money or won some money, and you need a way to make that money grow. Again, investing in the stock market may be the solution.

Investing is also a way of attaining the things that you have always wanted, such as a new home, a college fund for your children, or family holiday. Of course, your financial goals will dictate what type of investing you do.

If you want or need to make a large amount of money fast, you would be more interested in higher risk investing, which will give you a higher 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 perform over a longer period of time.

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

You also cannot count on social security benefits to support you in your retirement. As we have seen Enron, you also cannot necessarily depend on your company's retirement plan either. So, again, investing in the stock market is the key to insuring your own financial security, but be smart with your investments!

Shayne Harris has been involved with investing for many years and enjoys sharing his knowledge with others. Learn why you should invest.

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