Investment styles refer to the different approaches investors use to select and manage their investments. Common styles include value investing, where investors look for undervalued stocks, and growth investing, which focuses on companies expected to grow at an above-average rate. Other styles include income investing, which prioritizes generating regular income through dividends or interest, and index investing, where investors aim to replicate the performance of a specific market index, such as the S&P 500. Each investment style has its own set of strategies and risk profiles. For example, value investing may involve more research and patience, while growth investing can be more volatile due to market fluctuations. Understanding these styles helps investors align their portfolios with their financial goals and risk tolerance.