Money: Understanding the difference between saving and investing

Sarah Wanga, head of Research AIB Capital (Courtesy)

Putting a shilling away for a rainy day is a wisdom that many know. However, what many do not know is that the rainy day usually comes faster than we think.

To some, a bank account is the most preferred place for stashing this money while some prefer taking riskier ventures with the money, which boils down to an investment.