Do you need the money in the next 5 years?
Then SAVE it (bank account, money market, fixed deposit)
Do you need the money to work for you over the next 5, 10, 15+ years?
Then INVEST it (shares, property, TFSAs, RAs)
When you put your money into a bank account, you are saving, not investing.
All that a bank account does is allow your money to keep up with inflation.
Investing, on the other hand, can allow your money to grow faster than inflation making you wealthier over time.
I am giving away 2 x R200 EasyEquities vouchers (one for you and one for a friend)
To enter, all you have to do is retweet this and tag the person you would like to give the other voucher to.
I am giving away 2 x R200 EasyEquities vouchers (one for you and one for a friend)
To enter, all you have to do is retweet this and tag the person you would like to give the other voucher to.
@michaelmeadon Yeah that can be a little tricky and depends on your goals and personal circumstances. This article may help in weighing up the pros and cons of both
https://t.co/YvDOP7XPEA