Investing is an ageless process that can accompany us throughout our lives. You should know, however, that this is not a game and that every decision we make can have positive or negative implications. Meanwhile, it is important to know that one invests for income (e.g., coupons, dividends, rent) or to generate wealth.
However, when you monetize your assets you may have a gain (capital gain or capital gain) or a loss (capital loss). Anyone can have money that can be set aside for financial investments, and it is, therefore, important to be familiar with certain concepts.
In this regard, it is not certain that investments made during the year are still valid in the future; situations change and so do earnings. That is why it is always good to check with fixed deadlines the situation of the investment portfolio, to avoid continuing to invest resources in something that no longer pays off.
Learn about other financial best practices
Good financial advice #12 | If you get a raise, increase your savings
If your income increases, because you receive a raise on your salary for example, it is a good habit to increase your savings accordingly.
Good financial advice #11 Think about tomorrow
Try to have clear goals to plan a life and economic path that can lead you to their realization.
Good financial advice #10 Start saving early
The earlier you start your savings plan the better. Saving and creating an emergency fund is imperative to have proper management of personal finances.
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