The following are the advantages of investment over savings:
- Certain investments are tax exempted
- Investment yield a higher return
- The investment provides various options to choose from.
Investing your money can often yield better returns than saving it. Though investment requires more work, it is worth the effort. Consider investing in stocks, bonds, mutual funds, or other assets that are expected to grow. You may be able to use your money for a short period and then cash in with interest income on the return you get. This option is not available to you in the case of savings.
While it's true that one has the potential to make a lot more money with savings, investment is a comparatively good option. When it comes to investing your money, it brings various advantages to you such as return on investment, wide opportunities, long-term earnings, and the ability to take the risk.
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