It is good to save, but better to invest your money. The interest you get on your savings is not as significant as the amount of money you are assured when you invest. When you invest, your money works for you and yields a lot of interest. Usually, people invest by buying stocks of companies from the stock market. These places may be made of brick and mortar, or they may be computer networks. You could also employ an organization like MoneyFarm to help with your investing problems. You can read through MoneyFarm reviews here.
While the prospect of investing bedazzles many, they do not have the necessary knowledge of basic economies to manage their investments. You can minimise this problem by hiring professionals as implied above, or better still, by building up experience on how, what, and when to invest. Many financial education courses have been created to help combat this problem. Understanding basic economics helps filter financial news and separate the relevant information from the unnecessary ones to make better investment decisions.
Some economic concepts that you must be aware of as an investor are;
v Supply and demand
This is defined, basically, as the relationship between …