Thursday, November 27, 2008

WHY MUST WE INVEST?

Majority of the people save their hard-earned money in the bank. Think that bank is the safe and with interest rate.

However, due the inflation, their money is depreciating in values annually.
The currently inflation is 6%. Bank interest rate is approximately 1%.
In another words, $1000 you saved you loses $50 in value annually.
If you saved $10,000 in the bank, you are losing $500 in value annually.

To me, I am losing so much money for nothing!

To overcome, you must invest. There are a lot of financial instrument in the market available that can generate returns to keep you money in his value or more. And this needs little knowledge.

Below are some financial instruments which I have tested:
1) Gold investment
2) Stocks
3) Funds
4) Fixed Deposit
5) Foreign Fixed Deposit

Start doing some research and start investing.

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