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Why Should You Consider Investing Long-Term?
Even if the economy isn’t doing that great
We don’t all have money to invest — I know. But if you find you have a little leftover at the end of the month (lucky you!), you definitely should consider making it work for you, even if the economy seems like it may be about to take a massive downturn.
If you look at this in a different way, this could be the time to find some bargain investments to pick up for the long-term, which can work out well for you in the future if you choose wisely.
‘Position’ trading is a long-term strategy that can involve holding stock for months, weeks, or even years. This requires major patience on the part of the investor. Traders also need to put up quite a large investment otherwise it may become irrelevant as a result of inflation and slower increases. These can also accrue higher fees or taxes for holding shares for a longer time, depending on where the trader lives. However, the risk with this position is also lower because traders are playing the extremely long game, where the market has enough space to correct itself over time and go through multiple cycles. Also, these investments require very little work and maintenance, which makes them pretty stress-free.
Long-term investing is a strategy that involves holding a decided amount of money in an account or…
