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Published byBeverly McBride Modified over 9 years ago
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The Power of Investing 2.1 Pages 36-40
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Saving – putting money aside for a rainy day Investing – making your money grow Rewards of Investing make money can last a lifetime time is on your side help you beat inflation a way to own a piece of corporate America it’s fun
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Investing is important –Jobs are changing quickly –You will probably work for many employers –No company pension –Investing is a necessity
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Compound interest – when interest is added to interest The rule of 72 72 ÷ percentage of growth = length of time for investment to double An investment growing at 10% a year 72÷ 10 = 7.2 years
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Basic rules for investing 1.Invest on a regular basis over a long period of time 2. Reinvest all earnings 3. Invest in good quality growth companies 4. Diversify your portfolio
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