A financial plan is the road map for your financial life. It covers major financial areas of your life addressing aspects such as cash flow, savings, debt management, risk management, childrens education planning, taxes, retirement, estate planning, and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.
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Which Type of Investment is For You?
When you decide to join the world of investing, there are a lot of factors that you need to consider and think over. Aside from the where you would
like to invest and the amount of valuables you are willing to risk, you also have to consider which type of investments you want to pursue. Yes, there are
different types of investments that you can gauge and consider.
There are two types of investments done in the trading market. These two major classification falls under short term investments and long term investments. If you find yourself more confused in choosing which to choose among these two types of investments, simply be aware of the differences and the pros and cons and you will be on the right track.
Basically the major differences between these two types of investments are that short term plans are designed to show a substantial return in a short period of time. Long-term investments meanwhile, are investments designed to last for a few years or so and present a slow, steady progressive increase in its yields.