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Money Saving
Condition where saving is better than investing.
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[QUOTE="Mika, post: 228568, member: 29399"] When you save money on interest-bearing accounts you might be able to profit just about 5-10 percent, however, in order to grow your money, you need to invest. Investment is the only way you can build your net worth. However, investment is not for everyone, and investment does not give you a guaranteed return. For example, you invested $1000 to buy stocks from a certain company and a year later the company filed for bankruptcy. Your $1000 investment will be zero in value. Well, this is a rare case scenario, however, losing in investment is very common, for example, the value of your shares might go down and your $1000 might become $500. Contrarily, if you had saved $1000 in a fixed deposit account with a 12 percent interest rate for one year you will earn a guaranteed $120 from your $1000 and you will still have principle with you. Investment is also not for people who cannot afford to lose money. For instance, if $1000 is all you have you can not take any risk to invest this amount. Likewise, if you are in old age, you also should avoid investing because when you lose your investment, you will have difficulty in paying bills. [/QUOTE]
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Condition where saving is better than investing.
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