ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The best thing about choosing how to invest your money is:
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Once it’s done, you can relax.
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You’ll know right away how you’re doing.
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You receive regular income.
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If your goals change, you can change investments.
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Explanation:
Detailed explanation-1: -Safety, income, and capital gains are the big three objectives of investing.
Detailed explanation-2: -Goal-based investing helps your map out your future plans and achieve them by investing in options specific to each goal’s requirements. This investment strategy helps you to achieve yours goals in time and reduces your dependence on your savings and loan debts.
Detailed explanation-3: -The biggest difference between saving and investing is the level of risk taken. Saving typically results in you earning a lower return but with virtually no risk. In contrast, investing allows you the opportunity to earn a higher return, but you take on the risk of loss in order to do so.
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