What are 3 differences between saving and investing?
Saving is for preserving your money, while investing is for growing it. When you save money in a bank account or CD, you earn a steady amount of interest and keep your principal intact. When you invest in the stock market or real estate, your returns can fluctuate from day to day. Also, you can withdraw savings from a bank account virtually anytime, whereas money you invest through a brokerage or retirement account may have some barriers to access.
Here are answers to some of the most frequently asked questions about saving vs. investing.
