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Investment may be defined as present sacrifice of resources with the hope of reaping future benefits. Suppose Mr Tee, a lecturer in Finance at DML
Investment may be defined as present sacrifice of resources with the hope of reaping future benefits. Suppose Mr Tee, a lecturer in Finance at DML Business School, uses his salary for the month of March to buy an ounce of gold and keeps the gold under his pillow, so he could kiss it three times when he goes to sleep each night until his 50th birthday. However, the price of gold is expected to go up. Would you describe this as an investment? Explain in a few words.
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