Investing is committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. Unlike consuming, investing earmarks money for the future, hoping that it will grow over time. However, investing also comes with the risk for losses.
Unlike a bank account that is FDIC insured, investments contain risk, meaning there is no guarantee that you won't lose value or make a profit. Generally speaking, with more risk comes more reward. Remember not to take on more risk than your risk tolerance reflects that you should. Also, invest for the long term.
When learning about investing, select risk-appropriate investments and diversify your account, stick to your strategy and avoid trying to time the market. It is not recommended that you trade or move money around in your 401(k) Plan too frequently. In fact, HCA Healthcare has an Excessive Trading Policy to protect 401(k) Plan participants from the potential negative impact of frequent transactions and trading activities.
For details about the 401(k) Plan and investment options, go to HCAGHR.com, click Benefits, and click on BConnected.
Remotiv is not affiliated with HCA Healthcare and is a private company hired to provide independent investment education. All responses are intended to be educational in nature and should not be considered advice.