Sunday, December 11, 2016
Investing and Saving
If you had a handful of money, how would you use it? There are three obvious choices, spending, saving, or investing it. Saving or Investing your money is the smarter choice over spending it, but the question is, what is the better choice of the two. Through this project, I've uncovered a few things. Before this project, I thought that investing in companies and saving in banks were the same thing, if not very similar. Now, I know that they are two separate things with different purposes. The savings are for, well saving and the interest is for making your money grow. They both have their pros and cons so one can't really be better than the other. The pros and cons for a savings account are quite simple, the pro is that you have a safe and secure place to store and save up your money and the con is that it does not get much money out of it without waiting for a while. Investing in a company is sort of the opposite of this, the pro is that you can increase your money really fast but, it's risky because the company you invest in will determine how much money you'll make and if you will make or lose money. The decision is really up to you to decide which choice is the better one.
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Thank you for stating the pros and cons of saving and investing. This is very helpful information for me to see in the future when I decide to invest.
ReplyDeleteThis was really good information, and very good things to consider when I invest for my college tuition. Thank You
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