Strategic investments make your money multiply. However, there are different approaches to investing. It isn’t one size fits all. Once you’ve decided to invest your money, you still need to decide what type of investment you want.
Growth investors want all earnings kept in the asset since this allows the investment to grow faster while income investors want profits returned as a form of income.
The goal of income investing is to design a portfolio of income-generating assets that provides dependable cash payouts. These payouts can be reinvested or used for current living expenses.
You can diversify your portfolio with various stocks, bonds, and alternative investments to ensure you have a combination of growth investments and income investments.