π Benefits of Long Term Investment π βββββββββββββ Reduces Transaction Fees (Cost) Every time you invest, there is a transaction fee incurred. If you invest for a long-term and avoid repeated investments, you save multiple fees.
Tax Benefits (Tax) Long-term investments are taxed at rates lower than your income tax bracket.
Best Saving Option (π§°) Long-term investments serve as a good savings option for post-retirement, future home, or college, education, etc.
Compounding (π) Long-term investments grow at a compound rate of interest. Hence, the gain in this type of interest is substantial. βββββββββββββ