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Why do we need to invest money in the bank?

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Question ajoutée par Eunice Deodores , accountant , Tadmur Trading Wll
Date de publication: 2016/05/31
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par Utilisateur supprimé

why we are keeping money in our house safelocker like that we need to invest money in the bank for safety and other features

there is no businesses in the world if none of the banks in the world

Muhammad Yamin Ansari
par Muhammad Yamin Ansari , Teacher , Education Department

we need to invest money in the bank because we can save and protect our money for the future

Hafiz Muhammad Rizwan Bakhsh
par Hafiz Muhammad Rizwan Bakhsh , Accounts Executive , Sapphire Group of Companies

If you are looking for a risk-free way to invest your money and help it grow, the answer might be as close as your local bank. Banks offer a number of investment options, including insured products like certificates of deposit, money market accounts and savings bonds, as well as more volatile choices like stock and bond mutual funds. Choosing the right options for your needs can allow your money to grow without undue risk.

Ronnie Dizon
par Ronnie Dizon , Armadillo Holdings Corporation ‐ St. Rafael Development Corporation (MANILA

Your money will not have a massive growth in the bank, you are only saving, so it is not called investing.

Eunice Deodores
par Eunice Deodores , accountant , Tadmur Trading Wll

One of the most compelling reasons for you to invest is the prospect of not having to work your entire life! Bottom line, there are only two ways to make money: by working and/or by having your assets work for you.

If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save. By investing your money, you are getting your money to generate more money by earning interest on what you put away or by buying and selling assets that increase in value.

It really doesn't matter how you do it. Whether you invest in stocksbondsmutual fundsoptions and futures, precious metals, real estate, your own small business, or any combination thereof, the objective is the same: to make investments that will generate more cash for you in the future. As they say, "Money isn't everything, but happiness alone can't keep out the rain."

Whether your goal is to send your kids to college or to retire on a yacht in the Mediterranean, investing is essential to getting you where you want to be.

 

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