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[QUOTE="Mellorando, post: 206319, member: 37973"] There is no doubt that the boat activities I important to invest you have to save and to save you have to invest so they both go hand in hand yet it is important to understand that, Investing has the potential to generate much higher returns than savings but that benefit comes with risk, especially over shorter time frames. If you are saving up for a short-term goal and will need to withdraw the funds in the near future, you're probably better off parking the money in a savings account. The difference between savings and investment is that saving is often deposited into a bank savings account or a fixed deposit. On the other hand, investing involves buying assets such as real estate, gold, stocks, or shares in mutual funds that have the potential to increase in value over time. An investment can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property, among other examples. Additionally, purchasing a property that can be used to produce goods can be considered an investment. [/QUOTE]
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