By investing, you cannot only save money but also add currency values in the future. Usually, investment is divided into two objectives, that is a long-term investment and short-term investment. For long-term investment, investors are usually who want the value of their money continues to increase or get profit in the future.
Indeed, judging from the time, the long-term investment runs for more than 5 years. Therefore, the earlier or younger you invest, the more profit you can get. However, as an investor, you will have to be careful, bearing in mind that every investment has risks in it.
According to Investopedia, being a long-term investor means that you are willing to accept a certain amount of risk in pursuit of potentially higher rewards. Additionally, you can afford to be patient for a longer period of time.
Check out 4 types of long-term investments that you can choose:
Commonly, gold is one of the most profitable investments. There are many claims that this investment is more stable than others. Besides, gold investment is also fairly easy. You only need to buy gold at the store. However, you certainly have to be careful when you want to buy gold since there are many stores offer fake gold. Therefore, you must know how to distinguish between real and fake gold.
This instrument has proven its benefits in the future since the property prices will rise every year. The value of property investment has increased by up to 20% annually.
Unfortunately, many young people are reluctant to make this investment because it is considered to have a large capital. The price of a property can reach hundreds to billions of rupiah per unit, especially if it is located in the city area. Despite having an expensive price, this investment certainly has a high profit.
The last type of long-term investment is the term savings. This instrument is not as popular as other savings. However, the term savings offer quite tempting benefits.
As the name implies, this savings will force you to save regularly in the time that was agreed at the beginning.
It is different from other savings, term savings has a higher interest rate. However, you can not arbitrarily withdraw the money. You can only withdraw based on the time agreed.
Read more: 5 Unique Investments with High Value