Investments and Wealth Management are crucial aspects of personal finance that focus on growing and preserving wealth over time. Here’s an overview of what each entails and how they work:
Investments
Investing involves allocating money into financial assets with the expectation of generating a return or profit over time. Investments can vary based on risk, return potential, and the investor’s goals.
Wealth Management
Wealth management is a broader financial strategy that combines investments with comprehensive financial planning. It is tailored to high-net-worth individuals but is useful for anyone seeking long-term financial stability.