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OUTstanding money: Saving and investing are not the same
Related terms in this Glossary:
TFSA (Tax Free Savings Account)
Investment
In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price. ‘Saving’ is not the same as ‘investing’.