Salaam and Eid Mubarak. I’m completely new to investing so please excuse my lack of knowledge.
I’ve started putting in money into HLAL and plan to do so every month, not a lot but if my research is right ETFs are very long term investments. So my question is how does one benefit financially from doing this exactly? Do you sell the shares after X number of years? Say I’ve put in £6k over 2 years - if the price of the shares are good would it be a good to sell them? Or is it more of a 20-year situation and cash in then?
Again, I’m babybrained on this matter so appreciate any guidance.
I’ve started putting in money into HLAL and plan to do so every month, not a lot but if my research is right ETFs are very long term investments. So my question is how does one benefit financially from doing this exactly? Do you sell the shares after X number of years? Say I’ve put in £6k over 2 years - if the price of the shares are good would it be a good to sell them? Or is it more of a 20-year situation and cash in then?
Again, I’m babybrained on this matter so appreciate any guidance.