A financial investment is an asset that you put money into with the hope that it will grow or appreciate into a more significant sum of money. You can later sell it at a higher price or earn money on it while you own it. You may be looking to grow something over the next year, such as saving up for a car, or over the next 30-35 years, such as saving for retirement.
How much time you have on your side is often essential to consider when making a financial investment.
The more time you have, the more risk you can usually take. The more risk you take, the more potential for making more money!
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