Listen to a Business English Dialogue About Going long
Harper: Hey Autumn, have you ever heard the term “going long” in finance?
Autumn: No, I haven’t. What does it mean?
Harper: Going long refers to buying an asset with the expectation that its value will increase over time, allowing you to sell it later at a higher price.
Autumn: Ah, like investing in stocks or real estate?
Harper: Exactly. It’s a common strategy in investing where you aim to profit from the asset’s appreciation.
Autumn: That sounds like a straightforward approach. Are there any risks involved in going long?
Harper: Yes, there are risks such as market volatility, economic downturns, and unforeseen events that could affect the asset’s value.
Autumn: I see. So, it’s important to do thorough research before making a long-term investment?
Harper: Absolutely. Conducting research, diversifying your investments, and staying informed about market trends can help mitigate risks.
Autumn: Makes sense. Are there any other strategies investors use besides going long?
Harper: Yes, investors also use strategies like “going short,” where they sell assets they don’t own with the expectation of buying them back at a lower price in the future.
Autumn: That sounds interesting. Are there specific assets that are better for going long?
Harper: It depends on factors like your investment goals, risk tolerance, and the market environment. Stocks, bonds, and real estate are popular choices for long-term investments.
Autumn: Thanks for explaining, Harper. Going long seems like a smart way to build wealth over time.
Harper: You’re welcome, Autumn. It’s a fundamental strategy in investing, but it’s essential to have a long-term perspective and patience.