Long-term investment refers to the strategy of buying and holding assets, such as stocks, bonds, or real estate, for an extended period, typically years or decades. This approach aims to benefit from the potential growth of these assets over time, allowing investors to ride out market fluctuations and capitalize on compounding returns. Investors often choose long-term investments to build wealth gradually and achieve financial goals, such as retirement or funding education. By focusing on the long-term, individuals can reduce the impact of short-term market volatility and make more informed decisions based on overall trends rather than daily price changes.