Business, 22.10.2019 05:20 bgf12032

When would it be a good idea to invest your money instead of putting it in a savings account?

Answers: 3

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If the return rate of the investment is higher than the interest earned while the money is in savings, it would make more sense to invest the money in order to earn higher returns.

Answer from: kayleerose414

flexibility

retirement account

emergency fund

debt pay off

max out individual retirement account

Explanation:

This question is answered based on one's own choice but certainly investment or savings has its own merits and demerits but when to invest instead of putting it in a savings account is based on factors below

factor in one time objectivesFlexibility : If you are considering to be a little flexible about achieving your objectives then you are better off investing than saving you, higher returns are made in that year except markets are bad thus objectives are delayed.work towards having a retirement account thus matching your 401 k's benefit or other workplace retirement benefitDevelop a small emergency fund in the range of $400 to $1600 to ensure been above debt level.ensure debt pay-offs that is debt with high interest rates are paid off this can be set by you.your individual retirement account should be max out depends on how much you want to invest.

Answer from: Quest

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

Answer from: Quest

Ihear he caught ligma

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