What’s the difference between saving and investing?

November 16, 2007

Posted by talerance

( 0 ratings )

Saving is boring. Money should be in money market or saving account at your nearby bank. Savings is the money that you'll end up using to by a car or possibly a house in the next 5 years give or take.

Investing is something that either excites you or rattles your nerves. Investing is where the first 15% of your income should be going every month. investing should enable you to retire at a reasonable age, while not taking on to much risk or a tip from your best friend.

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November 16, 2007

Posted by Chivy

( 0 ratings )

Chivy: They are both different ways of using your money, postponing consumption today so you will have more money tomorrow. The difference between them is that when you save money (as the word itself says) you are doing it in a safe way but with a low retribution (or interest), while investing money involves taking a certain level of risk but with the possibility of making more in the future.

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