2006-11-04 04:43:13 · 13 answers · asked by hotsexychic 1 in Business & Finance ➔ Investing
Invest to increase wealth.
Invest to diversify wealth.
Invest to preserve wealth (and as a hedge to inflation).
And most importantly, invest so that hotsexychic can maintain and improve the lifestyle she so deserves!
2006-11-06 10:55:51 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
I think the ultimate aim of investing is to gain financial freedom.... However I do also think since people's reasons for growing their money widely differs we can't really pin point a main reason.... I've compiled and wrote about a number of reasons, these include to provide generational wealth, for emergencies, to fund a major purchase etc.
You can see them in detail @ http://www.profitandpossibilities.com/?p=328
2014-01-25 19:59:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think troythorn has the best answer. I'll only add that those who do not invest will be living on the edge sometime afraid to turn the heat on in winter for fear of not being able to eat or pay the rent. Investing is only about providing a cushion for your retirement & that the ways it can be done are vast but the fact that it must be done, & must be done safely are emminently important.
Look at the poor people on the street & the answer to your question becomes evident. Two other caveats, 1. Don't let anything get in the way of doing your homework on which Company to invest with & 2. Don't let anything get in the way of investing wisely.
Read this before you do anything as a Primer:
2006-11-04 12:58:05 · answer #3 · answered by takeitez2 3 · 0⤊ 0⤋
To set money aside for future use. The value of the investment should increase at a rate higher than inflation.
2006-11-04 12:47:49 · answer #4 · answered by troythom 4 · 0⤊ 0⤋
To stay equal to or increase worth. Inflation is a negative investment, so if you stuff money in your matress you will lose worth as the dollars buy less and less. If inflation stays at 2.5%, it will require $107,400 to buy in 40 years what it would take $40,000 in today's prices. Even in 20 years it would require just over $65,500 to buy in the future a product that is $40,000 today. Another problem comes up when investing and that's taxes. So when you invest, you have to beat inflation plus taxes to keep or gain worth.
2006-11-04 13:55:47 · answer #5 · answered by gregory_dittman 7 · 0⤊ 0⤋
Having the value of your assets grow at the inflation rate or better. Asavings account will never keep up with inflation. Long term fixed income investemnst generally keep you even with inflation. stocks, real estate and other risk investments keep you ahead of inflation. The secret to successful investing is putting the various items together in a way to keep you even with or ahead of inflation without taking undo risk
2006-11-04 19:18:28 · answer #6 · answered by waggy_33 6 · 0⤊ 0⤋
The importance of investing is to grow assets more than what they are today. People, companies and governments need this to achieve their financial goals in the future.
2006-11-04 12:47:51 · answer #7 · answered by Bryan S 2 · 0⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
http://investing.sitesled.com/
Good Luck and Best Wishes!
2006-11-05 08:52:57 · answer #8 · answered by stock.geek 2 · 0⤊ 0⤋
Earning a higher rate of return than putting your money in the bank.
2006-11-04 12:47:55 · answer #9 · answered by A M 2 · 0⤊ 0⤋
The main improtance is seeing your money grow.
2006-11-04 12:48:18 · answer #10 · answered by Lizzie03 2 · 0⤊ 0⤋