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<blockquote data-quote="James" data-source="post: 91745" data-attributes="member: 2">Risk means possible loss of money. In theory you can't lose money in a savings/CD account, however in stocks/mutual funds you can end up with less money than you put in. For example, you invest $10,000 into a mutual fund/stock, the fund/stock price drops 10%, you're now $1,000 in the red (your investment is only worth $9,000). This loss isn't realized until you actually sell though.&nbsp;Now on the flip side, this stock/fund could also increase 10% in value/price. Which means if you sold it at that time you'd have a gain of $1,000 (total investment worth $11,000).&nbsp;I meant buying a stock or fund. <img src="https://www.dirtbikeaddicts.com/static/images/smilies/thumb.gif"&nbsp; class="smilie" loading="lazy" alt=":thumb:" title="Thumb&nbsp; &nbsp; :thumb:" data-shortname=":thumb:" /> A CD is pretty much like a savings account with the exception that you can only withdraw it every X months or years. If they allow you to add money every week/month I'd stick with this.</blockquote>

[QUOTE="James, post: 91745, member: 2"] Risk means possible loss of money. In theory you can't lose money in a savings/CD account, however in stocks/mutual funds you can end up with less money than you put in. For example, you invest $10,000 into a mutual fund/stock, the fund/stock price drops 10%, you're now $1,000 in the red (your investment is only worth $9,000). This loss isn't realized until you actually sell though. Now on the flip side, this stock/fund could also increase 10% in value/price. Which means if you sold it at that time you'd have a gain of $1,000 (total investment worth $11,000). I meant buying a stock or fund. :thumb: A CD is pretty much like a savings account with the exception that you can only withdraw it every X months or years. If they allow you to add money every week/month I'd stick with this. [/QUOTE]

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