Let me be bold to say that - investing today is no longer a luxury reserved for those with money but in today's ever changing world with more uncertainty than before, it is a MUST to invest.
This is pull out from an article here , but the gist of what it tries to say is best illustrated with figures :
The Purchasing Power of the Dollar -What is $100 worth in 1913 over time?
1913: $100
1923: $57.89
1933: $76.15
1943: $57.23
1953: $37.08
1963: $32.35
1973: $22.30
1983: $9.94
1993: $6.85
2003: $5.38
2013: $4.25
2019: $3.87
Firstly, gone are the days where money saved in banks can get you a decent interest.
Secondly, the eroding value of money over time or inflation, in short will takes away the spending power of your dollar bill as shown above. Being a millionaire in 1913 and not using it wisely and keep till today will only result in $38, 700. You lost a $961, 300 by doing NOTHING !!!!
Doubt that is a good and wise decision to take. Fast forward to 2020, it is becoming more important , in fact a pressing matter to save and invest wisely as the world takes on more challenges, food price, gasoline, accommodation, etc are becoming more expensive. All these are happening while your meagre salary is not increasing 10% a year !
If you use a variety of instruments, like index, forex, commodities and stocks ,etc to invest over a period of 20 years, say from 2000 with an initial capital of 10,000, earning a compound interest of 20% a year , you would have 383,376 in your account now.
This requires time, patience, market timing, stock picking , trend analysis, etc but the most important part is to take action early. It is never too late to start, whatever stage of life you are at. Even with 100 dollars, you can still make great returns if you have the hunger to do so.
This is pull out from an article here , but the gist of what it tries to say is best illustrated with figures :
The Purchasing Power of the Dollar -What is $100 worth in 1913 over time?
1913: $100
1923: $57.89
1933: $76.15
1943: $57.23
1953: $37.08
1963: $32.35
1973: $22.30
1983: $9.94
1993: $6.85
2003: $5.38
2013: $4.25
2019: $3.87
Firstly, gone are the days where money saved in banks can get you a decent interest.
Secondly, the eroding value of money over time or inflation, in short will takes away the spending power of your dollar bill as shown above. Being a millionaire in 1913 and not using it wisely and keep till today will only result in $38, 700. You lost a $961, 300 by doing NOTHING !!!!
Doubt that is a good and wise decision to take. Fast forward to 2020, it is becoming more important , in fact a pressing matter to save and invest wisely as the world takes on more challenges, food price, gasoline, accommodation, etc are becoming more expensive. All these are happening while your meagre salary is not increasing 10% a year !
If you use a variety of instruments, like index, forex, commodities and stocks ,etc to invest over a period of 20 years, say from 2000 with an initial capital of 10,000, earning a compound interest of 20% a year , you would have 383,376 in your account now.
This requires time, patience, market timing, stock picking , trend analysis, etc but the most important part is to take action early. It is never too late to start, whatever stage of life you are at. Even with 100 dollars, you can still make great returns if you have the hunger to do so.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.