People invest for many different reasons.
Maybe you are saving for a big holiday, or to fund children’s education, repay your home loan faster or increase your retirement nest egg.
After factoring in tax and inflation, chances are that funds held in low interest savings accounts may lose value in real terms overtime.
So, to stay ahead of inflation and taxation, you may need to invest in assets that deliver a higher return overtime.
The key to successful investing is identifying your investment goals and the time frame over which you want to invest.