3 ms·
I see. I'd thought an investment was a separate and distinct thing compared to an asset, with the intention of having a higher rate of return compared to ordina
by jfoutz 10y ago
I see. I'd thought an investment was a separate and distinct thing compared to an asset, with the intention of having a higher rate of return compared to ordinary stuff.
Since an investment is simply a place to put money, there really is no distinction. Seems odd, but I suppose I can accept that as a common understanding.
- dpark 10y agoI think the general expectation is that an investment will make you more money than holding cash. A new car and a gold chain are both assets but most people would not call then investments. But that's not a strict definition, because if you intentionally buy cars and gold chains with the intent of using them as a store of wealth, they are technically investments, just really bad ones.