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Mutual funds are an investment. Hoarding is savings. One is productive, one isn't. That's the key difference. The difference is even more glaringly obvious
by fbags 13y ago
Mutual funds are an investment. Hoarding is savings.
One is productive, one isn't. That's the key difference.
The difference is even more glaringly obvious if you think about the difference between equity in a productive company, loans to productive organizations, and simply doing nothing.
- afterburner 13y agoSavings accounts have interest rates. The money in savings accounts is used by banks to leverage and invest. It's not really hoarding like holding on to bitcoins is.
- mbetter 13y ago> Savings accounts have interest rates. What year are you living in?