Savings Vs. Investing

by James & Miel on August 5, 2009 · 0 comments

Hi All,

Okay, so there are a ton of different kinds of financial products out there: certificates of deposit, savings bonds, mutual funds, money market funds, stocks, etc. etc.

How do you determine what is saving and what is investing?

Its seems like a silly question, but its important because different financial products are better geared for saving and others for investing. Savings should allow you to keep and hold the value of your wealth, while investing should help you build and create wealth.

A quick rule of thumb is that if you don’t need the money for more than 5 years, invest it. If you need the money in the next five years, save it.



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