Investing VS Purchasing a Car

Today I would like to tell you the similarities of investing and buying a car. First of all, when buying a car, you know up front that when you drive it off the lot that the car will depreciate. Then you know that to get the best price available you have to maintain the car. It will need oil changes, tune ups, new tires, replacement of different parts. All this to keep your investment running smoothly. And make no mistake, it is an investment. So, consider this, with an investment you must maintain a balance to achieve maximum return on the investment. You must communicate with your portfolio specialist about where your investment is going or if there is something better out there. So, maintenance is required just like a car. Investments need to be looked after to grow the best. Keeping your eye on the things that will grow, that investment is key. Have a purpose for your investment. Save for graduation, a college education, a vacation, or any other worthwhile thing. Teach yourself what is needed to get the best from your investment so that you can accomplish your goals whether they be long term or short term. Talk to your investment company about what is required to make this happen. So now you are ready to sell your car and are hoping for the best return possible. You shine it up and do your best at advertising it to make it appealing. Investing is similar to this in the respect that the company you are investing with will want a commission. It varies per company but in the end your returns on the money you invested far outweighs the commission. Especially when you consider that the banks offer .05 percent on your savings. Investing earns you at least 10 percent or higher. No matter the reason for the investment you will see an increase. Unlike a car that depreciates.