IMF lowers numbers for global economic growth

Sometimes there is a struggle before you receive the payoff from investing.

07:33 16 July 2013

It’s always nice when an investment pays off. We can never know ahead of time how our investments will do and businesses everywhere are reliant upon the economy and resources available to them.

The global expectation for the economy has been lowered by 0.2per cent to compensate for projected growth. Investing is best done over the long-term because yields often don’t come except over time.

The same is true with new business ventures. In a great irony you must first lose money, or invest it, to receive more money. Here are a few ways to help you achieve positive results.

• Only invest money that you can safely afford to lose. If you’re thinking that you can’t really afford to lose any money then you need to first work on merely building up some immediate savings before you can legitimately look at investing.

 

• No matter how comfortable you are with dabbling in stocks and shares, bonds, or other financial endeavors it is highly recommended that you seek a financial professional to guide you through the process. You can still be involved, but there’s no sense in throwing money away if someone can give you better advice.

 

• Consider the amount of time you have until you need to reach the financial goal you’ve set for your investing. If you have a short time you’ll do best with less-risky investments, but the yield is typically lower so you may have to invest more up front in order to receive the desired outcome. If you have a longer amount of time, you’ll have the ability to invest less but potentially receive a greater return.

 

• Striking a balance in your investing is something you’ll commonly hear from professionals in the field. Even if you have a long time before you need to reach your goal, finding a balance between high and low risk investments is essential.