A bond or bond mutual fund is an example of an income investment. Some investments make money by being worth more when they're sold than when they were bought. For example, a pine tree might be worth a lot more today than it was when it was planted. Many people choose growth investments if they have a long time to let the money grow before they'll need it. A stock is the best example of a growth investment, though some stocks may also pay dividends.
Some investments try to produce both growth in value and income.
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