Tag Archives: Savings account
Saving, Investing and Trading – What is the difference?
Many individuals use the terms savings and investing interchangeably, they are not the same thing. Saving is when you put your capital straight into a low risk low risk investment like a savings account or a high interest capital market account, where there is very little risk to the funds you have to invest. Investing [...]
Full StoryThe Mind Game of Money
Money really is a mind game. A University of Maryland study examined the “denomination effect”. The study found that if you carry around big bills ($50s and $100s) you’ll spend them slower than smaller bills. Would you break a $50 or $100 to buy a pack of gum or a cup of coffee? Even if [...]
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