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| chop456 |
 Posted: Mon Feb 21, 2005 6:40 pm Post subject: Investing vs. Savings |
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Investing Sr. Associate
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| I am new to this arena and am trying to define investing and savings. To me, investing is for the long term - retirement, college tuition, etc. and savings is for the short term - vacations, home repairs and updates, etc. Any thoughts and/or clarifications? |
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| paula0000 |
| Posted: Tue Feb 22, 2005 4:16 pm Post subject: |
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Investing Manager
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| I agree with you. I guess in a perfect world, or budget, an amount would be set aside for savings and a separate amount for investing. Both equally important. I like the way you broke down the difference between the two. |
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| ls1222 |
| Posted: Tue Feb 22, 2005 4:35 pm Post subject: |
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Investing Associate
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| So, how do you know what to do? We have a savings account that we basically do not touch. Couldnt that be for the future? Does it really pay more to go another way? |
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| chop456 |
| Posted: Tue Feb 22, 2005 5:12 pm Post subject: |
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Investing Sr. Associate
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| It seems to me that a savings account needs to be easily accessibe. Maybe an interest bearing account. But investments, since they are for the long haul, should be harder to "get to" like a CD, stocks, funds, etc. What do you think? |
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| ladyelle |
| Posted: Tue Feb 22, 2005 7:54 pm Post subject: |
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Investing Associate
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| We use a money market account earning interest as our savings account or emergency fund. |
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| chop456 |
| Posted: Wed Feb 23, 2005 3:27 am Post subject: |
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Investing Sr. Associate
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| I have never had a money market account. Are you able to access the account when needed? Is there a minimum amount that you need to either start the account or keep the account open? |
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| mommytimes4 |
| Posted: Wed Feb 23, 2005 9:54 am Post subject: |
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Investing Associate
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| We just opened a money marketing account, because we put our whole tax refund check in it. We have to keep at least 1500 in it I think is what my husband said. We may be able to do that for a while, but it never lasts, due to unexpected money problems, etc. I need to know more about these things, instead of just leaving it to my husband, but it is all so confusing. |
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| mrsboz |
| Posted: Wed Feb 23, 2005 4:30 pm Post subject: |
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Investing Sr. Associate
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| Any money saved to me is so comforting. I have a little stash now and am trying to decide if I should take some and invest it in something or just leave it safe and sound and earning practically nothing. |
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| fladoozle84 |
| Posted: Fri Feb 25, 2005 8:50 pm Post subject: |
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Investing Sr. Associate
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I know safe and sound feels the best but its not growing. There are ways to almost as secure but know that your money is making money while you sleep which probably feels better 
I should take my own advice |
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| trixiezzz |
| Posted: Sat Feb 26, 2005 6:56 pm Post subject: |
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Investing Manager
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| Also, I've always thought of an investment as something that you're 'buying into' for long-term returns, like investing in a business, which is what you're doing when buying stocks. You are not keeping your capital liquid but are spending it in a way to make money/profits at a later date. With saving, you are keeping your money in a liquid form. |
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| bigdave |
| Posted: Sun Feb 27, 2005 11:33 am Post subject: |
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Investing Sr. Associate
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| mommytimes4 wrote: | | We just opened a money marketing account, because we put our whole tax refund check in it. We have to keep at least 1500 in it I think is what my husband said. We may be able to do that for a while, but it never lasts, due to unexpected money problems, etc. I need to know more about these things, instead of just leaving it to my husband, but it is all so confusing. |
I would suggest an ING direct savings account as right nwo it is giving better return than money markets as you can get 2.6% APR with ING Direct savings account where most money markets are 1.5to 2% |
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| leahpeters |
| Posted: Wed Feb 23, 2011 8:44 am Post subject: |
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Investing Associate
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| davebatista |
| Posted: Thu Feb 24, 2011 3:12 pm Post subject: |
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Investing Sr. Associate
Joined: 22 Feb 2011
Posts: 115
This Month: 115
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