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One of the most important ideas that preoccupies my mind, and I am certain that I am not alone, is the idea of diversifying investment sources and allocating at least a specific percentage of the monthly salary, even if it is 1000 riyals or according to the possibility, to put it in an investment portfolio that you manage according to the market and companies that have a long-term impact.
Perhaps this idea is what experts and investment moguls are talking about, which is [compound interest]. Benjamin Graham, author of the book "The Intelligent Investor", defines it as a magical and influential tool in long-term investment. He points out that compound interest is a means by which the investor can achieve increasing returns by reinvesting profits and interest, instead of taking the return in cash. The investor reinvests it, which leads to cumulative growth and maximization of capital over time.
Charlie Munger, a partner and CEO of Warren Buffett's company for 40 years, says about this:
“The key to successful investing is a deep understanding of compound interest.”
I am not an expert in the world of investment, but through my experience with the growth of financial technology companies that operate under the framework of strict financial legislation in Saudi Arabia and are compatible with Islamic Sharia, one of my experiences was with the Abyan Financial platform, which is led by young Saudi specialists who keep up with the market and the continuous improvement of the user experience, where investments are made in the best markets and companies in the Saudi market as well as global markets and by applying the concept of compound interest, and one of the appropriate options is that you can deduct the investment amount on a monthly basis according to the percentage or value that you allocate for it with an average annual return of up to more than 20%.
Since the salaries are coming soon, I suggest that you think about trying investing as a new financial habit that will contribute to improving your income in the long term, according to what suits you.
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