Posted Using LeoFinance Alpha
The relevance of choosing a long term investment goals
Goal setting is one of the major decisions making when it comes to investment. Goal is said to be format planning of activities to be carried out to achieved certain priorities. When it comes to investment strategies depending on the purpose one wants to use the investment for would tell the kind of duration of the investment.
There are different mindsets when it comes to choosing investment for short term or long term. Short term investment may last for one year to 5 years, while long term investment may last for 20 years or life long. Obviously, many people think that it's very stressful having a long term savings for 20 years or 50 years before claiming the profit on the assets. Other have the mindset of sudden death or accident which can inevitably occur to anyone. So incase such incidence happen he fails to enjoy his profits of his investment. All these scare people for choosing long term investment portfolio.
We know the consequences of choosing short term investment too. The probability of squandering your profits is very high since you have the mindset of quick withdrawals. In such case, the profit intake would be marginal to reinvest into any other profitable venture. Any little problem may lead to collapsing the investment and ends the business.
Choosing long term investment goals increases the chances of your sustainability of the business or investment. There isn't need to plan any huge of the assets will would choose for the start up of your investment. That's the mistake we sometimes make. When talk of long term investment, many people think that you need to plan for anything big before you can be successful. For instance, if I am to save $1.00 for every month for 50 years projections, it means for every year I would save $12.00. Multiplying $12.00 by 50 years is $600.00. Imagine if it were to be Bank or any financial institutions this would attract some small amount of interest adding to the principal.
For instance, I've chosen HP and LP as my investment portfolio of assets. Once I keep sharing contents I would receive compounding rewards for my efforts. If I am able to also keep some of my HBD this increase my rewards. For the HP I need not to power down, maybe I have made my projections for 20 years later before I would start to cash some out. By then the earnings have fully matured to a certain level that can be reinvested into other businesses.
Most of us have problem with investing when it comes to online digital assets. What most people are familiarize with is investing in their local Banks or having some shares at their Banks. But there are many crypto currency digital assets which are very good when you invest. It is very good when it comes to choosing assets to invest. Not all assets are profitable or good for investment in your assets portfolio. For instance, if you choose Hive or Leo as assets being content creator is very powerful to sustain for your investment.
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