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Investing is a crucial component of financial planning, offering the potential for growth and wealth accumulation over time. However, navigating the world of investments can be daunting due to the myriad options available. In this article, we'll explore the various types of investments, their characteristics, and the factors to consider when choosing the right investment strategy for your financial goals.

1. Stocks

Stocks represent ownership in a company and offer investors the opportunity to participate in the company's growth and profitability. Stock prices fluctuate based on factors such as company performance, industry trends, and market sentiment. While stocks offer the potential for high returns, they also come with higher risk due to market volat