To enjoy a comfortable future, investing is absolutely essential for most people.

Why invest? Investing can provide you with another source of income, help fund your retirement or even get you out of a financial jam in the future. Above all, investing helps you grow your wealth allowing your financial goals to be met and increasing your purchasing power over time.

Or maybe youve recently sold your home or come into some money, then its a wise decision to let that money work for you and grow over time.

You have many ways to invest from very safe choices such as CDs and money market accounts to medium-risk options such as corporate bonds, and even higher-risk picks such as growth stocks, S&P 500 index funds and REITs. Thats great news, because it means you can find investments that offer a variety of returns and fit your risk profile. It also means that you can combine investments to create a well-rounded and diverse that is, safer portfolio.

Click through the gallery above for strategies to consider when investing followed by the 15 best investments of 2020.

Read the original post:
The 15 best investments of 2020 Bankrate - msnNOW