{"id":6535,"date":"2022-05-16T02:04:13","date_gmt":"2022-05-15T21:04:13","guid":{"rendered":"https:\/\/smartchoice.pk\/blog\/?p=6535"},"modified":"2024-03-12T23:32:58","modified_gmt":"2024-03-12T18:32:58","slug":"stop-saving-start-investing-how-to-make-more-money-from-your-money","status":"publish","type":"post","link":"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/","title":{"rendered":"Stop saving, start investing: How to make more money from your money?"},"content":{"rendered":"

There is a clear disconnection between<\/strong>\u00a0<\/strong>the financial goals<\/strong>\u00a0<\/strong>we<\/strong>\u00a0set<\/strong>\u00a0and the steps<\/strong>\u00a0<\/strong>most of us<\/strong>\u00a0<\/strong>take<\/strong>\u00a0<\/strong>to achieve them. Most<\/strong>\u00a0<\/strong>of us<\/strong>\u00a0<\/strong>learn from our parents<\/strong>\u00a0<\/strong>that saving is the direct<\/strong>\u00a0<\/strong>(and easiest)<\/strong>\u00a0<\/strong>path to<\/strong>\u00a0<\/strong>building up capital<\/strong>\u00a0<\/strong>and financial freedom.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

However, this is now<\/strong>\u00a0<\/strong>a myth. While saving is key<\/strong>\u00a0<\/strong>for achieving<\/strong>\u00a0<\/strong>both goals, making smart investments<\/a> with your money<\/strong>\u00a0<\/strong>is what makes<\/strong>\u00a0<\/strong>them much more attainable<\/strong>\u00a0<\/strong>in the world.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

The fear that stops most<\/strong>\u00a0<\/strong>of us<\/strong>\u00a0<\/strong>from investing is a reasonable one, the process of investment is complicated and time-consuming. Many people face financial<\/strong>\u00a0<\/strong>loss<\/strong>\u00a0<\/strong>instead of<\/strong>\u00a0<\/strong>financial gain, particularly in stock and commodity investments.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

When we work hard and discipline<\/strong>\u00a0<\/strong>our lives<\/strong>\u00a0<\/strong>to<\/strong>\u00a0<\/strong>leave off spending<\/strong>\u00a0<\/strong>and save, the<\/strong>\u00a0<\/strong>thought<\/strong>\u00a0<\/strong>of losing our hard-earned<\/strong>\u00a0<\/strong>money<\/strong>\u00a0<\/strong>makes us uncomfortable. As a result,<\/strong>\u00a0<\/strong>most of us place<\/strong>\u00a0our<\/strong>\u00a0<\/strong>precious<\/strong>\u00a0<\/strong>money away in a<\/strong>\u00a0<\/strong>fixed deposit or saving certificate.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

This is where the<\/strong>\u00a0<\/strong>problem<\/strong>\u00a0<\/strong>arises, the money we<\/strong>\u00a0<\/strong>place<\/strong>\u00a0<\/strong>into our<\/strong>\u00a0<\/strong>safe and sure<\/strong>\u00a0<\/strong>accounts is almost<\/strong>\u00a0<\/strong>certain<\/strong>\u00a0<\/strong>to lose value. The low-interest rates that<\/strong>\u00a0<\/strong>these options<\/strong>\u00a0offer<\/strong>\u00a0<\/strong>are not<\/strong>\u00a0<\/strong>even<\/strong>\u00a0<\/strong>linked<\/strong>\u00a0<\/strong>with inflation. This means that<\/strong>\u00a0<\/strong>our money\u2019s purchasing power<\/strong>\u00a0<\/strong>falls as long as we are placing it there only.<\/strong><\/p>\n

Why you HAVE to invest<\/strong><\/h1>\n

\"\"<\/a>\u00a0<\/strong><\/p>\n

Saving<\/a> and investing are two sides of the same coin. While looking to build wealth, saving is a key part of the financial process. BUT saving is important not because it produces wealth on its own, but because it creates the capital needed for investment.<\/strong>\u00a0<\/strong><\/p>\n

At the least, investing allows you to keep your savings on track with the cost-of-living increases that inflation causes.\u00a0At the most, the main benefit of investment is the option of compounding interest or growth earned on growth.<\/strong><\/p>\n

How much<\/strong>\u00a0to<\/strong>\u00a0save<\/strong><\/h1>\n

Given that we all enter the investor market because of unique needs, the best answer to how much to save is \u2018as much as you can\u2019. A baseline is to save 20%. As a guideline,\u00a0saving 20% of your income is the lowest point to start from. In savings, more is always better, but the 20% baseline lets people build up a meaningful amount of capital throughout their work life.<\/strong><\/p>\n

\"\"<\/a><\/p>\n

The first step is to use these savings to set up an emergency fund to meet at least three to six months\u2019 worth of living expenses. Once these emergency savings are set up, invest the funds that are not needed for specific short-term expenses. Once you make this a habit, and invested well, this will multiply your capital and help it multiply over the inflation rate.<\/strong>\u00a0<\/strong><\/p>\n

How investments work<\/strong><\/h1>\n

\u00a0<\/strong><\/p>\n

To invest in any form of assets, like stocks, bonds, or other assets, you need to open an investment account. For stocks, this can be with a broker, through a brokerage account. Most people place their investment funds in their brokerage accounts and then use them to fund their trading accounts.<\/strong>\u00a0<\/strong><\/p>\n

\n

Stocks<\/strong>\u00a0<\/strong>are small units of ownership in a company. When a company goes from private to public, its stock is open for public trading in the stock market. A stock price is generally reflective of the value of the company, but the actual price is determined by what market participants are willing to pay or accept on any given day.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Stocks are seen as riskier investments than bonds because of their price volatility. If bad news floats about a company, people will want to pay less to buy shares, which will lower the stock price. If you bought the stock for a higher price, and the price falls, you risk losing that money.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

In stocks, you make or lose money based on the purchase and sale price of what you buy. If you buy a stock at Rs. 10 and sell it at Rs. 15, you make Rs. 5. If you buy at Rs. 15 and sell at Rs.10, you lose Rs.5.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Gains and losses are only booked or counted when you sell the asset, so the stock you bought at Rs.10 could drop to Rs.6 one day, but you only \u201close\u201d the Rs.4 if you sell the stock at Rs.6. At times, if you wait out the low-price period, and then sell the stock when it\u2019s up to Rs. 12, you end up gaining Rs.2 per share.<\/strong><\/p>\n

How to<\/strong>\u00a0Invest Reasonably?<\/strong><\/h1>\n

\u00a0<\/strong><\/p>\n

Once you know how investing works, it\u2019s time to think about where you want to put your money. In general, younger investors with years before retirement can afford to have riskier portfolios.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

A long time frame gives investors more years to face the fluctuations of the market and during their work life, investors are usually adding to their investment accounts and not taking money out.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

If you have started investing late, and are near retirement, you are more exposed to the volatility of the market. This means that you opt for lower risk and volatility options like bonds and fixed return options.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

A higher-risk portfolio would ideally have a higher proportion of stocks and fewer (if any) bonds. As young investors grow older and need to reduce their risk profile, the investment in stocks should decline and investment in bonds rise.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

One of the most important steps to take is to make saving automatic. Have your bank automatically transfer a portion of your paycheck into an account specifically for saving. This guarantees that you save constantly instead of making an active choice to set money aside.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

This saving should stay in a low-risk option like a bank account and should remain in cash form.\u00a0 \u00a0This means that you have access to cash for emergencies whenever you need it.<\/strong>\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

How to Build Up a Portfolio of Investments<\/strong><\/h1>\n

\u00a0<\/strong><\/p>\n

The first step is to decide what percentage of your funds you want to place in riskier options like stocks and what percentage you want in safer assets like cash and bonds. This distribution will depend on your risk tolerance. Somebody young and working should invest in stocks entirely, while somebody near retirement age should have a larger allocation to bonds.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

The primary purpose of investing is to grow your savings. Investors can achieve this growth through investments in stocks, bonds, and other less common options. Experts invest in commodities like oil, gold, and even crops and can earn huge gains.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

In any investment form, you should make it your goal to have a diverse spread of investments.\u00a0 In case you are just starting on your portfolio building journey, you have to make sure that you include options that include both stocks and bonds. Doing this will allow your portfolio to cover both high and low-risk investments.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

For someone just starting to invest, take a look at<\/strong>\u00a0<\/strong>mutual funds<\/strong>\u00a0<\/strong>or<\/strong>\u00a0<\/strong>ETFs<\/strong>\u00a0<\/strong>(both are a collection of stocks, bonds, and other investment vehicles) instead of individual stocks. ETFs and mutual funds are safer options for building a diversified account.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Diversification (which means owning a set of different assets) is important because it reduces the risk of loss. Diversification means that there is a lower risk that your whole portfolio will lose value in a market decline. You will have to look for funds with solid track records and reasonable fees; plenty of popular press and dedicated research sites l will provide this information.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Depending on your financial strength and risk tolerance, you can consider investing in precious metals, commodities, and real estate, all of which are available for investment in the market. All these investments can be effective means to achieve portfolio diversification and manage risk.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

A well-constructed portfolio should cover different types of assets (like stocks, bonds, etc.) that do not move in tandem. This reduces the volatility (and risk) of a portfolio without necessarily lowering its return (income) potential.<\/strong><\/p>\n

Save vs. Invest Checklist<\/h1>\n

The checklist below will help you understand if you need to save or are ready to invest:<\/p>\n

    \n
  1. Do you have a cash cushion that can cover three to six months of living expenses? If not, then start\u00a0saving<\/strong>.<\/li>\n
  2. Do you have other short-term goals requiring quick access to cash (like travel plans)? If so, start\u00a0saving<\/strong>.<\/li>\n
  3. Are you on track toward reaching your retirement goal by your desired age? If not, start\u00a0investing<\/strong>.<\/li>\n
  4. Do you understand the risks involved in investing money for a long-term goal like retirement? You may not be able to access it until age 60 \u00a0without taxes and a penalty. If so, you may want to start\u00a0investing<\/strong>.<\/li>\n
  5. Do you feel comfortable with your current split of saving and investing every month? Where does it feel like you’re falling short?<\/li>\n<\/ol>\n

    Is It Better to Save Money or to Invest?<\/h1>\n

    The answer to this depends on your risk tolerance, financial requirements, and when you need to access your money. Investing has the potential to generate much higher returns than savings accounts, but these higher returns come with risk, especially over shorter time frames.<\/p>\n

    If you are saving up for a short-term goal and will need to withdraw the funds in the near future, you\u2019re probably better off parking the money in a savings account. If your goals are longer-term, you\u2019ll generally find you can obtain more satisfactory results from investing.<\/p>\n

    \n","protected":false},"excerpt":{"rendered":"

    There is a clear disconnection between\u00a0the financial goals\u00a0we\u00a0set\u00a0and the steps\u00a0most of us\u00a0take\u00a0to achieve them. Most\u00a0of us\u00a0learn from our parents\u00a0that saving […]<\/p>\n","protected":false},"author":38,"featured_media":7350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1130,934,1212],"tags":[1564,1563,1566,1565,936,1568,1567,1562],"yoast_head":"\nStop saving, start investing: How to make more money from your money? - Smartchoice.pk<\/title>\n<meta name=\"description\" content=\"There is a clear disconnection between\u00a0the financial goals\u00a0we\u00a0set\u00a0and the steps\u00a0most of us\u00a0take\u00a0to achieve them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop saving, start investing: How to make more money from your money? - Smartchoice.pk\" \/>\n<meta property=\"og:description\" content=\"There is a clear disconnection between\u00a0the financial goals\u00a0we\u00a0set\u00a0and the steps\u00a0most of us\u00a0take\u00a0to achieve them.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\" \/>\n<meta property=\"og:site_name\" content=\"Smartchoice.pk\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smartchoice.pk\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-15T21:04:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-12T18:32:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smartchoice.pk\/blog\/wp-content\/uploads\/2024\/03\/Saving-vs-Investing-Detailed-Review.jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"625\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Sadia Zaheer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smartchoicepk\" \/>\n<meta name=\"twitter:site\" content=\"@smartchoicepk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sadia Zaheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\"},\"author\":{\"name\":\"Sadia Zaheer\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/#\/schema\/person\/7df65e861d80d1ed327f020eca9af2ad\"},\"headline\":\"Stop saving, start investing: How to make more money from your money?\",\"datePublished\":\"2022-05-15T21:04:13+00:00\",\"dateModified\":\"2024-03-12T18:32:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\"},\"wordCount\":1529,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/smartchoice.pk\/blog\/wp-content\/uploads\/2024\/03\/Saving-vs-Investing-Detailed-Review.jpg.webp\",\"keywords\":[\"How investments work\",\"How much to save\",\"How to build up a portfolio of investments\",\"How to invest reasonably\",\"investment\",\"Is it better to save money or invest\",\"Save vs Invest Checklist\",\"Why you have to invest\"],\"articleSection\":[\"Investment\",\"Money and Saving\",\"Personal finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\",\"url\":\"https:\/\/smartchoice.pk\/blog\/2022\/05\/stop-saving-start-investing-how-to-make-more-money-from-your-money\/\",\"name\":\"Stop saving, start investing: How to make more money from your money? 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