In this Financial Literacy episode, we highlight the importance of investing, the best ways to invest, and the importance of investing for the long-term.
Investing is a way to potentially increase the amount of money you have. The goal is to buy financial products, also called investments, and hopefully sell them at a higher price than what you initially paid. Investing is an act of spending money on high risk products that yield results over a period of time. The investment is usually for a long-term goal such as buying a house in a retirement village. The act of investing has the goal of generating income and increasing value over time. An investment can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property, among other examples. Additionally, purchasing a property that can be used to produce goods can be considered an investment. In general, any action that is taken in the hopes of raising future revenue can also be considered an investment.
Noble B-BBEE Advisory has worked with Sasfin Holdings and Sasfin Asset Managers from 2018 to date as the facilitators of Consumer Financial Education across four programmes. Noble is a black owned and black female managed business who have passion for true and reflective transformation in the South African communities.