Financial Basics 101
Updated: Jun 7, 2020
What is the difference between saving, investing and trading? Sometimes people think they are saving, when they are really investing. Or they trade when they are trying to invest. Sometimes people simply don’t know the difference between investing and trading so they just end up saving. And that’s a real shame.
Wealth building comes from knowing your money strategy and working it wisely. The main difference between saving, investing and trading is the degree of risk you take with your money. But in this era of volatility and in times of inflation, sometimes the conservative position puts money at greater risk.