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Let’s Get Real About Money!: Profit from the Habits of the Best Personal Finance Managers by Eric Tyson

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Chapter 11. Investing for Bountiful Harvests

 

“Dollars do better if they are accompanied by sense.”

 
 --Earl Riney

An investment is something you put your money into, in the hopes of collecting or withdrawing more in the future. All money, therefore, is in some sort of investment, even what’s put in “parking places” such as bank accounts or money market funds.

Sometimes people make the mistake of feeling as if their money is wasting away or not “invested” if it’s in a parking place. They may rush to invest the money elsewhere with the hope of earning a higher return. Later, they may find that these seemingly more attractive investments were also riskier. The risk is that the investment can and sometimes does decline in value. Some investments are ...

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