Can you believe almost half of Americans don't own any stocks or stock-related investments? Sure, there is risk involved, but with retirement to think about, many of us might need to reconsider.
You might not have $100M dollars to invest, but that doesn’t mean your money can’t earn interest or dividends. You work hard for your money, and so you should make sure your money works hard for you. The power of compound interest can multiply your money over time.
Another great reason to invest is because we all have inflation working against us. The money that sits in a basic savings account loses value every year as the cost of living increases! If you have a large stash of savings you'd like to keep on hand, do yourself a favor and consider a High-Yield Savings Account or Certificate of Deposit. 🙏
When you build wealth, you may be in a better position to pursue the lifestyle and level of freedom you desire. Your life can become one of ✨possibility✨ rather than one of limitation.
What would you do with more time and money?
The wealth you pass on to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.
Having plenty of retirement money allows you to travel and spend quality time with family members, making memories and leaving a lasting impact.
Wealth can be an important tool for impacting the world in a meaningful way. So whether your passion is the environment, animals, or human welfare, you can use your wealth to inspire positive changes in your community or around the world. 💛
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
Also, for investments and how contributions relate to taxes, check out our 2024 tax brackets quick reference guide.
This article is intended to be a general resource only and is not intended to be nor does it constitute legal advice. Any recommendations are based on opinion only. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval.
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Investment advisory services offered through PFG Advisors, LLC, a SEC registered investment adviser. Securities offered through Osaic Wealth, Inc., member FINRA/SIPC. Insurance products offered through approved carriers. Copper State Credit Union, PFG Advisors, LLC, and Osaic Wealth, Inc. are separately owned entities and are not affiliated companies.
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