Why are investments important in life?

 In simple words, investments refer to the act of investing your money into various financial assets in order to make extra income. For some people, the income earned out of investments becomes the primary source of income. The world of investments has a lot of benefits to offer for you if you invest your money wisely and systematically. If you are contemplating the role of investments in life, this blog is for you. Listed below are four major reasons why you should never overlook the importance of investments. 

Increase your income 

Not to mention, money does not double on its own. You need to take risk of some level to increase your wealth. The key lies in choosing the right place where you get the right returns for the risk you have taken. Although various factors determine the returns, you can increase your wealth by making wise investments. 

Reach financial goals 

All of us have different financial goals and wishes in life. With a regular income, we may hardly be possible to accomplish the special financial goals. Investments help you earn extra income. You open up a chance to earn higher returns by investing your money thoughtfully. Be it a world tour that you want to do in your life or to fund your child’s education, a well-planned investment portfolio can help you earns the money you need. 

Save for retired life 

While you work and earn a decent income, you should be able to save for your retirement. You can invest in various investment vehicles and plan for your retirement wisely. At your old age, you can live off funds earned from your investments.

Save tax 

By investing pre-tax dollars into a retirement fund, you can actually reduce your taxable income. In the case of loss from an investment, it is possible to apply that loss against any gains from other investments. 

With the help of an expert investment advisor, you can choose your investment vehicle wisely. Paul Orfali is a reliable investment advisor with more than three decades of experience in the financial services industry. For further information, please check www.paulorfali.ca 

ORFALI INSURANCE BROKERS
235 Montreal road Gloucester Ottawa K1L6C7
Ontario, Canada
Telephone:613–745–0545
E-mail: Paul.Orfali@gmail.com

Facebook — https://www.facebook.com/pages/Paul-Orfali-and-Associates/492188287938382?rf=1126613944070901
Location: Ottawa, ON, Canada

Comments

Post a Comment

Popular posts from this blog

Paul Orfali - Tips for effective risk management as a beginner investor

  It is needless to mention that markets are subjected to volatility. Nobody can stay fully guaranteed about the market outcomes. In short, there is nothing risk-free in the investment market. To be on the safe side, you should have effective risk management strategies that help you minimize the risk associated with your assets. Here are a few ways for effective risk mitigation.  Stay informed about the risks Be it any asset class you choose, there is a significant level of risk associated with it. Knowing about those risks is very important before you invest in it. Ideally, you should have a probable maximum loss plan which will help your investment more cautiously. Also, make sure to take risks that you can afford in the long-term.  Build a diversified portfolio  Diversification refers to the process of allocating capital in a way that reduces the exposure to any one particular asset of risk. To reduce risk or cope up with market volatility, you can invest in a variety of assets. Eve
Read more

Life Insurance: Help your loved ones beyond your life - Paul Orfali

  I n recent times, insurance has become one of the most essential financial practices in the world. Insurance is a form of security and protection from finance-related losses. It is used as a security against financial uncertainty to serve as compensation for damages/ losses. Why Life insurance? There is risk in every walk of life. To ensure that you are financially secure against all odds related to your life you must buy insurance for different risks including risk to life. It enables you to face any type of problem in life. Insurance is an important part of financial planning. Life insurance is a very vital financial instrument that shields your family and allows you to leave for them a non-taxable amount at the time of your demise. Life Insurance could be used to cover your mortgage and your personal loans, for example...car loan. The benefits of life insurance Upon the death of the insured person, the surviving family or other beneficiaries will get a lump-sum life insurance amou
Read more