Long-term investment Crossword Clue with 3 Letters from June 06, 2024 Answer Revealed
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Updated Jun 06, 2024
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Use these tricky tips to get the answer:
- Look for clues in the surrounding words.
- Think about the related words.
- Consider the length of the answer.
- Try filling in common letters like vowels.
Long-term investment Crossword Clue Explanation:
The Clue “Long-term investment” indicates that it is something you put your money into and leave it there for many years. You don’t touch it, but you keep adding a little more money to it whenever you can. Over many years, this money grows, just like the tree.
After a long time, it will be worth much more than when you first started. This is because investments, like stocks or bonds, usually grow in value over time if you leave them alone. So, just like you need patience to grow a tree, you need patience for a long-term investment to grow.
Answer:
The answer is “IRA”.
Answer Explanation:
An IRA, or Individual Retirement Account, is a special kind of long-term investment. Think of an IRA as a treasure chest that you can only open when you are older, usually after you turn 59 and a half years old. You put money into this treasure chest every year, and it stays there, safe and sound.
This money is invested in things like stocks or bonds, which means it can grow over time. The government encourages people to save money for their old age, so they give special tax benefits for the money you put into an IRA.
This means you might pay less in taxes now, or the money you earn inside the IRA grows without you paying taxes on it until you take it out. When you are older and stop working, you can open your treasure chest and use the money for things you need, like food, a place to live, or medical care.
Because you saved and invested your money for a long time, you’ll have more to use when you need it most. An IRA is a smart way to make sure you have enough money to take care of yourself when you’re older.
These are some Possible answers to the clue:
- T BOND
- E BOND
- CAPITAL EXPENDITURE
- HOMES
- FIXED ASSETS