THE PERFECT PLACE FOR SHADE SAVINGS This is the money you earn but don’t spend. You can keep savings in different “products” to access at any time (e.g. checking accounts, savings accounts, and certificates of deposit). While your savings will always be readily available, they may not keep up with inflation. AKA money in savings do not typically grow.
INVESTING This is money that grows. Investment products include bonds, stocks, mutual funds, real estate, and commodities such as gold and silver. Investing includes a bit of risk. The amount you invest is called principal, and there’s a danger of losing your principal. However, there’s always an opportunity for the money to grow.
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