“Never depend on a single income, make an investment to create a second source”
Warren Buffet
Saving and investing are two options that can help fulfill personal projects and goals.
It means saving a part of the income to spend later while investing consists of putting the money saved to work to generate a return.
Learning the advantages of each of these alternatives is essential to decide. What to do at any given time according to the interests and financial health of each person.
Save or invest?
Choosing between these two strategies is a frequent dilemma, especially since it is sometimes unknown what each of them is for.
When you save, you avoid spending part of your income to reach a certain goal or reach an expected amount; while when you invest, the savings are enhanced by the effect of profitability, which allows you to reach those objectives you want to achieve faster.
Profitability is the benefit obtained from an investment of money, made in the medium and long term, which is generated thanks to the administration of resources by a team of experts who are in charge of building a portfolio with different financial instruments and adjusting it depending on the opportunities that arise in the markets.
It is recommended to have the support of an investment expert who can guide you professionally to make the investment decisions that best suit your risk profile and your objectives.
Remember to think of a financially stable future and great. Benefits, it is necessary to have an expert ally in these matters, to achieve your financial goals.
Throughout your life, you will need a combination of saving and investing strategies to meet your short-term and long-term needs. It’s a good idea to open a savings account and start making monthly contributions.
There are several ways to save and invest your money. A financial professional can help you find the balance that works best for you and help you reach your financial goals for the present and future.
When should you save?
Savings products, such as savings accounts, programmed savings or time deposits are very safe products, which offer a moderate, but safe return, which allow you to dispose of the money in a short period and with which the possibility of losing the capital is very remote, especially if you do it in a supervised entity.
If your goal is short-term and you are going to need the money at any time, it is best to save.
When should you invest?
If you already have an amount of savings or capital, you want to increase its value considerably, and you are also not going to need that money in a short period, it is best to look for an investment product such as mutual funds investment, promissory notes, shares, among others.
Keep in mind that within the investment options, some are safer than others. There are many investment options on the market, some with expectations of obtaining high returns, but this implies assuming high levels of risk, since the expected return is proportional to the risk assumed, and although you can earn a lot, you can also lose the money invested.
There are many investment options on the market, some with expectations of obtaining high returns, but this implies assuming high levels of risk, since the expected return is proportional to the risk assumed, and although you can earn a lot, you can also lose the money invested.
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