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In general, to invest is to distribute money in the expectation of some benefit in the future – for example, investment in
Investment in stocks, property, etc. in the hope of significant gain but with the risk of significant loss, i.e. speculation, involves a level of risk which is greater than most investors would generally consider justified by the expected return. An alternative characterization of speculation is its short-term, opportunistic nature.
In the early 1900s purchasers of stocks, bonds, and other securities were described in media, academia, and commerce as