It is advocated by numerous individuals that safer investments are more beneficial than risky investments for the far future, whereas others claim the opposite. In my view, because of the problems investors may face in the future, risky options should be avoided.
Nevertheless, as stated before, there are those who argue that risks should be taken in this matter. From their perspective, this approach offers larger incomes to the person compared to the other method. Therefore, if the person follows this path, they will earn more money than the technique of safe investment in the same period, increasing the total revenue. To give an example, Elon Musk, a renowned entrepreneur, had only two thousand dollars when he started his first business, which was perceived as illogical by many. Today, however, he is the wealthiest man in the world.
Despite this, I still firmly believe that individuals should not take risks when investing. This is due to the possibility of losing all the net worth and assets one has. Hence, the person may not even have a place to live in. On the other hand, safer investment options protect people from this distressing situation by saving significant amounts of their money. For instance, in Turkey, businessmen who invest all their money in “promising” projects are perceived as quite naive by others. Furthermore, many of them have lost their houses, cars, and families as a result of their “confidence”.
In conclusion, while riskier investing options are considered more convenient because of the high incomes it offers in a short period, I think that safe investments are much more advantageous than risky ones because they secure one’s all valuables and the progress they have made until today.