Читать книгу Personal Finance After 50 For Dummies - Eric Tyson - Страница 81

As you construct and manage an investment portfolio for your retirement, you must consider numerous factors. You shouldn’t, for example, simply chase after investments that historically have posted higher rates of return because those investments tend to be riskier, especially in the shorter term. Also, investments differ from one another in their income-producing ability; how they are taxed at the federal, state, and local level; and their sensitivity to inflation, among other factors.

Before we dive into the dimensions on which investments differ from one another, we need to start with something far more basic. We first define what an investment is. An investment is something into which you choose to put your money in the hopes of earning some return and protecting what you’ve invested. All money, therefore, is in some sort of investment, even what’s put in bank accounts, low-return short-term treasury bills, money market funds, and so on.