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Who says they have to spend that money? What if they instead throw it in a tax-free savings account and use it to buy stocks & bonds?
by chongli 4y ago
Who says they have to spend that money? What if they instead throw it in a tax-free savings account and use it to buy stocks & bonds?
- neilwilson 4y agoBuying stocks and bonds is spending the money. You've given the money to somebody else in exchange for something. Now they have the same choice as you did - spend or save. If you save it in a tax free savings account even better. The bank holding the offsetting reserves then does the buying via the DMO cash management process.