Plan for both shortterm and long-term investments from "summary" of Investing for Dummies by Eric Kevin Tyson
When it comes to investing, it's important to have a well-thought-out plan that takes into account both short-term and long-term goals. Short-term investments are typically those that you plan to hold for a year or less, while long-term investments are those that you intend to hold onto for several years or even decades. One reason to consider both short-term and long-term investments is to ensure that you have a balanced portfolio that can weather the ups and downs of the market. Short-term investments can help you achieve quick wins and provide liquidity, while long-term investments can help you build wealth over time and take advantage of compounding returns. Another reason to plan for both short-term and long-term investments is to mitigate risk. By diversifying your portfolio across different asset classes and investment horizons, you can reduce the impa...
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