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Difference between Saving and investment?
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[QUOTE="Shigobad2020, post: 86990, member: 30251"] There is a popular saying that "Investments make you rich, while savings make you poor", this is absolutely false, the thing is "Saving is an Investment, but an investment isn’t saving.” and I am not talking about saving in your regular banks oh because saving in banks in this day and age will make you lose a chunk of your money in and charges and account maintenance charges, you all know how it goes now. Savings helps you make money while investing MIGHT help you build wealth. The basic difference between Savings and Investment is just the Profit margin and risk factor. Savings = Zero Risk investments + Low-profit margin. Investing = High Risk + High-Profit margin, "This simply means that Savings can be called investments, but investments cannot be called savings" [/QUOTE]
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