Investing is committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. Unlike consuming, investing earmarks money for the future, hoping that it will grow over time. However, investing also comes with the risk for losses.
Unlike a bank account that is FDIC insured, investments contain risk, meaning there is no guarantee that you won't lose value or make a profit. Generally speaking, with more risk comes more reward. Remember not to take on more risk than your risk tolerance reflects that you should. Also, invest for the long term.
When learning about investing, select risk-appropriate investments and diversify your account, stick to your strategy and avoid trying to time the market. It is not recommended that you trade or move money around in your retirement account Plan too frequently. In fact, most plans have an Excessive Trading Policy to protect retirement account Plan participants from the potential negative impact of frequent transactions and trading activities.
Remotiv is independent, unaffiliated and does not sponsor nor endorse any other service provider. To access our brochure, code of ethics, privacy policy and all other relevant documents please visit our website at remotiv.com/disclosures.