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Sunday, February 8, 2009

Is Investing For You?

By M Taylor

In our uncertain economic climate, investing seems like an even better option to save up for your retirement.

Everyone wants to make sure that they will have financial security in their retirement; and social security and retirement plans may end up leaving them in the lurch ultimately. Investing is one way to insulate yourself from the unknown developments that the future may hold.

Perhaps you have been setting money aside for years in a low interest savings account. You'd like to see that money grow much faster. Maybe you've come into some money and would like to have that money grow too - in either case, investing is the way.

Investing lets you make the money you need to make your goals a reality. Whether it's a new home, a college education for your child or the good life for yourself, investing is the way to go - your individual investment strategy all depends on your goals.

If you need to make a lot of money in a short amount of time, you can opt for high risk investments. While there is a significant degree of risk involved, you can make a lot of money very fast this way. If you're saving for a long term objective like your retirement, you should go for safer, long term investments instead.

The whole idea of making investments is to increase your financial security over a long time. Remember that someday, you'll have to stop working; but your bills won't stop showing up in your mailbox once you leave the work force.

The social security system may or may not be there for you when you retire, so it is best not to count on it. As we saw in the instance of Enron, you may not be able to depend on your company retirement plan either - this is why investing is the way to go to make sure that you will be provided for in your retirement. Good luck and invest wisely!

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