Saving vs Investing: How hard is your money working for you?
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        Saving vs Investing: How hard is your money working for you?

  Prescient Asset Management   Q3 of 2024 | 7 months ago

As kids, we were told to save — save in our bank account, or in our piggy bank. What we didn’t realise then is that if we had invested our money instead, we would have been further on the path to unlocking our financial freedom. Most people view saving and investing in the same light due to the similarities between them. One of the most notable similarities is that both involve saving towards a future goal. However, the key difference between the two lies in the asset class that you invest in. Investing involves putting money into more risk tolerant assets with the potential for higher returns, while saving is limited to cash-only assets (more risk averse) with lower returns. "


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Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation.