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What is the difference between savings and investment?
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[QUOTE="Rubz, post: 286810, member: 69674"] Saving is totally different from an investment. There's a big difference between both of them. I see saving as the act of storing money and other valuables in a bank or any other facility for future use. When saving, one may or may not get an interest. Even if one gets an interest, it would be very small like the interest rates bank give out when one saves in the bank. While and investment is the process of putting money into a business for the sole purpose of making profit. The main aim of an investment is to yield profit. The only case where one might not yield profit is if one invest in a scam program or if one invest in high risk investment platforms like forex trading or crypto currencies. [/QUOTE]
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What is the difference between savings and investment?
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