What does it mean to have a 'long-term' investment?
Investing for the long-term means making an investment with the intention of keeping it for a prolonged period, usually several years or more. This type of investment typically involves a greater risk than short-term investments, but has the potential to yield higher returns over time. Investing for the long-term often requires a great deal of patience and discipline, as it may take years for the investment to pay off. By investing for the long-term, an individual can create a portfolio of investments that can help to secure their financial future.
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