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Saving, Managing Debt, and Budgeting

Investing Versus Speculation

How do I make decisions to buy or sell if I am investing or speculating?

When you are investing, according to author Ben Graham, you decide to enter or exit a position based upon the underlying economics or analysis of that asset. When you are speculating, you decide to enter or exit a position based in large part on your belief regarding the near-term movement of the value of the asset.

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