When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
According to Investopedia, Investment is defined as "in an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will be sold at a higher price for a profit". Key terms are future, wealth and profit. We invest for the future's wealth and profit.
According to
www.edwardjones.ca, "long-term investments are those vehicles that you intend to hold for more than one year in fact, you generally intend to hold them for several years. On the other hand, you usually hold short-term investments for one year or less.". Regardless of the duration of your invest, it is good enough top think and act on investing for the future especially. Moreover, long term investment is advisable especially to the profits one will get. It may take several years but the satisfaction, profit and use will be all worth it.