Recently I have come to understand that most people tend to mistake savings for investing. Especially for does who save their money in the bank then gets a little interest from it, they assume this is also the same thing as investing. For me I believe saving simply have to do with keep money for future use. It does not generate capital for you, highest it's probably just a little profit. Investing on the other hand, has to do with putting in your money with an expectation of making more money in return.
Difference between saving and investing?
- Thread starter eldavis
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- #4
Yes, this is why they always advise does who want to get rich to always have an investment, cause saving alone cannot grow your capital.
Except you had good amount of money in the bank which can bring you good interest, as for me I will say that investment is much more better than saving because it's going to bring you good amount of return if you definitely invest in a trendy market
There is a big difference between investment and savings. Savings involves putting certain amount of the money you make into a savings account but investment is when you put the money in a business in anticipation to make profit.
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- #8
Very true, the highest you can get from saving is a little percentage but with investing, there is an expectation to get more profit and make more from it. Though the risk is also higher.
The percentage which you are talking about that must be saving in the bank so I think that investment is the better option you will definitely make good roi if you invest wisely
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- #10
Very true, the key is just to invest wisely like you have said. Make sure you are investing in something that is legit. Take time out to carry out research before investing.
talking about the lightness of the website which you need to invest I believe that if you conduct better research before you invest you won't fall a victim to any scam so investment and niches research goes together saving is just to keep your money at one place to avoid misuse
Yes that is true but investment is the best if you invest your money definitely you will get good roi but if you save your money it will never increase its going to remain there for your future use
Savings do not generate income while investment does. Keeping money in savings when it is not required for spending part of it should be invested.
