https://padlet.com/eric_bostrand/l9wb312bzd7fid47 Follow Up Questions en-us 2020-09-14 13:27:28 UTC 2020-09-15 00:37:00 UTC hello@padlet.com 8014111 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745266620 Saving is setting money aside for when you need it, like emergencies.
While investing is buying assets such as stocks or bonds with the idea that your investments will make money for you. ]]> 2020-09-14 18:10:30 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745266620 8024676 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267211 An important difference between saving and investing is the time frame. Saving is typically shorter term than investing. Also investing is more liquid, and has higher returns but also higher risk than saving.]]> 2020-09-14 18:10:37 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267211 8020439 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267226 Saving keeps your money secure as it is, but investing gives you the opportunity to increase those savings, but at the risk of losing money as well. ]]> 2020-09-14 18:10:37 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267226 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267813 The difference between saving and investing is that saving is money put aside that can be ready to access while investing is a more long term process so it can have potential for higher earnings. ]]> 2020-09-14 18:10:45 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267813 8014525 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267879 The main difference between saving is the level of liquidity. Meaning that savings can be withdrawn more easy and often compared to investing.]]> 2020-09-14 18:10:46 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745267879 8020439 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745272697 High risk could result in either high return or a huge loss]]> 2020-09-14 18:11:47 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745272697 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745272838 The difference between Saving & Investing is that Saving is putting money aside into a Savings account for things like emergencies. While investing is taking some of that money from your Savings and trying to increase the value of the money. ]]> 2020-09-14 18:11:49 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745272838 80337811 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745273148 Saving is putting aside money that can be easily accessed for emergencies while investing is a more long-term way to put aside money so it will generate more money in the future.]]> 2020-09-14 18:11:52 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745273148 8014111 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745275544 The difference between risk and return is that with greater risk comes greater return, while lower risk comes with lower return.]]> 2020-09-14 18:12:21 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745275544 8020439 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745277503 It grows exponentially ]]> 2020-09-14 18:12:47 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745277503 8024676 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745278193 They are directly related. Generally, with greater risk comes greater return.]]> 2020-09-14 18:12:55 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745278193 8014525 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745279317 The relationship with risk and return is like risk reward. For example the greater the risk the greater the reward and vise versa. ]]> 2020-09-14 18:13:09 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745279317 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745280533 Savings is used to put away that can be used for emergencies whereas investment is more long term when it comes to retirement.]]> 2020-09-14 18:13:24 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745280533 8014111 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281408 Compound interest grows exponentially over the course of multiple years. This can allow a $2000 investment every year to turn into a multi-million dollar outcome.]]> 2020-09-14 18:13:34 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281408 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281590 Savings are preserved for future use and aren't spent, whereas investing includes monetary assets purchased with the idea that it will increase in value. The more risk that is taken most likely means a greater return. Reinvesting interest can lead to exponential growth, which can earn an investor a lot more money.]]> 2020-09-14 18:13:37 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281590 8037471 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281865 Saving means to put your money aside in a bank or similar establishment until you plan to use it in the future. You can make a small amount of money off of it becuase of interest but the amount you put in is generally what you will get back. Investments are riskier because you are putting your money into something that you hope is going to be worth more in the future. Therefore you have the possiblility of gaining and losing money.]]> 2020-09-14 18:13:40 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745281865 80337811 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745282703 Risk and reward are directly related. The higher the risk you make, the bigger reward you'll get while the smaller the risk, the smaller the reward.]]> 2020-09-14 18:13:51 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745282703 8024676 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745284226 Reinvesting your interest over time can cause massive exponential growth on your investments.]]> 2020-09-14 18:14:07 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745284226 8014525 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745284478 Reinvesting earned interest and as you reinvest interest onto interest your investments will grow exponentially overtime. This exponential growth is the result of letting interest compound overtime. ]]> 2020-09-14 18:14:10 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745284478 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745286138 Higher the Risk means that you could lose a lot or make a lot. Also depends how many different things you invest in. The lesser things you invest in the higher the risk.]]> 2020-09-14 18:14:32 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745286138 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745286660 Saving is a low risk account that is meant to hold money that may needed in 5 years. investing is a high risk account that can earn more interest than saving but is intended to be withdrawn by retirement.]]> 2020-09-14 18:14:39 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745286660 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745289410 Risk & Return have a positive correlation so the bigger the risk the higher return for profit or loss (which is the reward)]]> 2020-09-14 18:15:14 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745289410 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745289958 Savings means you put money aside into a bank or fixed deposit. It is readily accessible. Investments are higher risk and are made with the idea that they will grow wealth.]]> 2020-09-14 18:15:21 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745289958 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745291110 Compounding can bring have a huge impact through how much interest you get from investing over many years. 7% interest with having 100k can get you to 1.5 mil in 30 yrs. ]]> 2020-09-14 18:15:35 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745291110 80337811 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745291680 Compound interests is exponential so the amount grows more and more every year and could end up being a huge amount of money in the future. The interest isn't fixed.]]> 2020-09-14 18:15:42 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745291680 8037471 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745292577 Risk and return are related in the sense that if the risk increases, the return will also increase. ]]> 2020-09-14 18:15:54 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745292577 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745294714 There is a direct relationship between risk and reward. The bigger the risk, the bigger the reward (or loss). Likewise, the smaller the risk, the smaller the reward (or loss.)]]> 2020-09-14 18:16:22 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745294714 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745294831 As risk increases return payment will increase.]]> 2020-09-14 18:16:24 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745294831 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745295219 Compound interest is so powerful because it is exponential, which means the amount continues to grow throughout the course of many years. ]]> 2020-09-14 18:16:28 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745295219 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745298475 Compound interest will grow exponentially.]]> 2020-09-14 18:17:10 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745298475 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745299418 Compound Interest is so powerful because it allows the ability to have great exponential growth on your investments. ]]> 2020-09-14 18:17:22 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745299418 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745299763 The higher the risk the greater the return will be. The lower the risk the lower the return will be

]]> 2020-09-14 18:17:26 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745299763 8014481 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745301387 Saving means that money is put aside to save, but this can be accessed easier. However Investing has higher interest rates, but also has higher risk. ]]> 2020-09-14 18:17:48 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745301387 8037471 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745304310 It re-invests intrest on top of interest to allow for the expoential growth if investments. ]]> 2020-09-14 18:18:22 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745304310 8014481 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745306558 The relationship between risk and return is, the higher the risk, the more return there will be. ]]> 2020-09-14 18:18:52 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745306558 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745306796 With more risk, you can expect a greater return. On the other hand, the smaller the risk, the smaller the return. ]]> 2020-09-14 18:18:55 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745306796 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745308063 Saving is putting money away for future use, investing is putting money into something in hopes you will make more ]]> 2020-09-14 18:19:12 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745308063 8033102 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745309127 The relationship between risk and reward is if you take more risks the reward is higher]]> 2020-09-14 18:19:26 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745309127 8033985 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745310586 Compound interest provides the ability of exponential growth which leads to a bigger payoff over long time. ]]> 2020-09-14 18:19:43 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745310586 8014481 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745310637 compound interest is very powerful because, when you put the interest back in, the amount of money will grow exponentially, leaving you with a lot of money, especially if it is over a long period of time]]> 2020-09-14 18:19:44 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745310637 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745311540 Compound interest is powerful because it grows money exponentially. In the future, this will result in a large amount of money. ]]> 2020-09-14 18:19:56 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745311540 8033102 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745312123 compound interest is so powerful because overtime your investments will grow exponentially ]]> 2020-09-14 18:20:04 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745312123 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745313009 Compound interest is powerful because it is exponential, meaning the amount of money you make from it will increase each year.]]> 2020-09-14 18:20:15 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745313009 8014185 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745315354 Saving is more safe and money stays relatively the same amount wise while investing is less safe and money has the potential to grow or get lost]]> 2020-09-14 18:20:48 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745315354 8033102 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745316857 saving is letting you money sit with maybe a little interest added onto it but it is very safe and can almost never lose you money. Investing is a riskier way of making money where you can put your money into higher risk areas but it can make you more money]]> 2020-09-14 18:21:07 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745316857 8033985 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745318086 The more risk an investor assumes, the greater return they should expect.]]> 2020-09-14 18:21:22 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745318086 8014185 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745318932 Higher risk usually equals higher return]]> 2020-09-14 18:21:33 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745318932 8033985 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745320664 Savings are preserved for future use whereas investments are purchased in expecting a increase in value.]]> 2020-09-14 18:21:55 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745320664 8014185 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745320944 Compound has the potential to earn more money because the amount of interest keeps growing, and grows exponentially whereas if it didn't compound you would get the same interest every period]]> 2020-09-14 18:21:59 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745320944 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745332549 Savings are more accessible and safe.  Investing is riskier but you could gain.]]> 2020-09-14 18:24:25 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745332549 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745337992 higher risk=greater return]]> 2020-09-14 18:25:38 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745337992 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745339857 There's greater exponential growth if you reinvest and grow your money instead of taking it out. ]]> 2020-09-14 18:26:03 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/745339857 8028372 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746160873 Saving is keeping money short term for either something you want or as a backup plan/emergency fund if things go wrong. Investing is usally more long term and is focused on building wealth up with extra money that will work for you as long as you make the right investments.

]]> 2020-09-15 00:32:39 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746160873 8028372 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746164522 Higher risk means higher return usually, but the high risk also means high losses are possible as well]]> 2020-09-15 00:34:12 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746164522 8028372 https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746168390 The more money you stash away, and the mor etime you wait, the more exponentially the money grows, meaning a formula of time+ as much money possible can create incredible returns in the future.]]> 2020-09-15 00:35:56 UTC https://padlet.com/eric_bostrand/l9wb312bzd7fid47/wish/746168390