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Most of us only focus on short- and medium-term investments, or many of us are forced to sell investment instruments for various reasons before the investment reaches five years.
We also cannot deny that investing truly requires utilizing idle money, which is money that will not be used for the long term. One example of a long-term investment is a retirement fund, investing for retirement, or achieving financial freedom. Therefore, the instruments chosen also differ from short-term goals; long-term investors prefer blue-chip stocks, Bitcoin, Binance, Ether, property, gold, etc.
One reason we need to choose long-term investments is that we will earn returns from compound interest or reinvestment of capital gains and passive income.
We also cannot deny that investing truly requires utilizing idle money, which is money that will not be used for the long term. One example of a long-term investment is a retirement fund, investing for retirement, or achieving financial freedom. Therefore, the instruments chosen also differ from short-term goals; long-term investors prefer blue-chip stocks, Bitcoin, Binance, Ether, property, gold, etc.
One reason we need to choose long-term investments is that we will earn returns from compound interest or reinvestment of capital gains and passive income.