When should you start investing? by LML Group Hong Kong's Dave Martin

Most individual investors believe that an investment in the stock market is a way of obtaining goals to retire and nothing else

. However, this is far from the truth. Many investors buy stocks looking more at the short term gains rather than the long term picture.

These examples will enlighten you to look into the positive results of smart investing in stocks and mutual funds.

1. Buying the home of your dreams.

Being able to pay cash for it is not necessary; imagine how you would feel to be able to pay it off immediately. Naturally, down payments are good to have, too. The more money you can put down, the lower your interest rate will be. That means you will pay less over the life of your home. This will create instant wealth and equity for you and your family.

2. Giving your kids a college education.

While not as far down the road as retirement, it is a longer term investment. We all dream of sending our kids to a good school , naturally we all want the best for them, but the idea of planning for retirement is a little harder to grasp. However, many of us are not sure how to give our kids the college education that we feel they deserve.

3. Medical expenses.

When you have children, you need to be aware there will be unexpected medical bills. Even though you have a good insurance company, you will probably have some bills to pay along with deductibles and the extra payments that may be incurred. It is certainly beneficial to have some money invested away earning income to help you handle these situations.

4. Taking the vacation of your dreams.

There are always things we haven't done, and places we haven't seen. Too often, people put all their efforts into their long term goals, and forget to enjoy life. Our children are only young once. If you are going to take them to Disneyland, you should do it while they are young. Then they can have fun and the have memories that go along with it. The memories they will have of the time spent with you are priceless and more than enough reason to invest your money in this way.

5. Emergency funds.

Things will happen throughout your life that will be unexpected and costly. If you just keep your money in a bank, the interest rate will lousy compared with other investments. You work hard for your money, so make your money work hard for you! When you need it for an emergency, it will be waiting for you, and it will have grown if you invest in the right way and that will come in handy to help you and your family handle those unexpected emergencies.

So, even if you are not investing for the common reason of securing retirement, there are a multitude of other reasons to invest. If you have never thought of the reasons listed above and along with others that aren't, isn't it time to start now? There is nothing to keep you from building your wealth and future by starting to invest now! Don't wait until it's too late! So when should start investing ?

When should you start investing? by LML Group Hong Kong's Dave Martin

By: davemartin

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