Beginner Investing in 2024

Beginner Investing in 2024

There are several reasons why people choose to invest their money. Perhaps the most obvious reason is to make more money. By investing in assets that generate returns over time, you can potentially grow your wealth faster than if you simply kept your money in a savings account or under your mattress.

Another reason to invest is to protect your money from inflation. Over time, the cost of goods and services tends to rise due to inflation. If you simply hold onto your money, it will lose purchasing power over time. However, by investing in assets that have the potential to grow faster than the rate of inflation, you can protect your purchasing power and maintain your standard of living.