Saving Vs Investment : The difference between saving and investment
The Difference Between Saving and Investing :-
Saving and investing often are used interchangeably, but there is a difference.
Saving is setting aside money you don’t spend now for emergencies or for a future purchase. It’s money you want to be able to access quickly, with little or no risk, and with the least amount of taxes. Financial institutions offer a number of different savings options.
Investing is buying assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will make money for you. Investments usually are selected to achieve long-term goals. Generally speaking, investments can be categorized as income investments or growth investments.
Investment involves risk reward ratio which is not there in the Savings.
Investment is the stepping stone for the success with the savings in the first stage.
Subscribe Our Channel:
Follow me on Social Media:
➨ Facebook: https://www.facebook.com/tax4wealth
➨ Linkedin: https://www.linkedin.com/company/tax4wealth
➨ Twitter: https://twitter.com/tax4wealth
➨ Website : https://tax4wealth.com/
➨ Writes to us: firstname.lastname@example.org
We are available on Amazon Fire TV and Google Play Store