Topic: Investing all my savings! - page 2. (Read 14329 times)

Haha, No problems. I would like to know your ideas than reading your writing.
I also have some opinions about this.
SO, How Much Should I Save Versus How Much Should I Invest?

Saving money should almost always come before investing money. Think of it as the foundation upon which your financial house is built.

The reason is simple. Unless you inherit a large amount of wealth, it is your savings that will provide you with the capital to feed your investments. If times get tough and you require cash, you'll likely be selling out your investments at the worst possible time. That is not a recipe for getting rich.

There are two primary types of savings programs you should include in your life. They are:

     - As a general rule, your savings should be sufficient to cover all of your personal expenses, including your mortgage, loan payments, insurance costs, utility bills, food, and clothing expenses for at least six months. That way, if you lose your job, you’ll be able to have sufficient time to adjust your life without the extreme pressure that comes from living paycheck to paycheck.
     - Any specific purpose in your life that will require a large amount of cash in five years or less should be savings-driven, not investment-driven. The stock market in the short-run can be extremely volatile, losing more than 50 percent of its value in a single year. Purchasing a home is a great example as we discussed in Best Places To Invest Your Down Payment Money.

Only after that these things are in place, and you have health insurance, should you begin investing (this really is vital — for more information on the reasons, read Investing in Health Insurance – One of the First Lines of Defense for Your Portfolio. The only possible exception is putting money into a 401(k) plan at work if your company matches your contributions. That’s because not only will you get a substantial tax break for putting money into your retirement account, but the matching funds basically represent free cash that is being handed to you on a silver tray and there are material bankruptcy protections in place for assets held within such an account should you be wiped out entirely.)

You have to consider in the worst case is to lose or become worthless, although I will agree and want to invest. There, my golden rule is never to invade more than you can afford to release. I do not know how important your safety is to you or about the value of your savings

Investing all your savings is not a wise decision. Things do happen and when they happen, where would you lean on, who is going to carry you? If you have back up like inheritance parents etc. You can go ahead otherwise save for raining day.

Very good plan if you want to invest it in 5-10 years. The coins you choose are also all coins of my choice. So I really agree if you want to invest it in Bitcoin, Ethereum, and Litecoin. But I want to suggest for you. If you can not invest all your savings on cryptocurrency. Although the benefits are large the risks are also greater. So you can set aside your money for you to save in the Bank if there is something we do not want. You still have savings in the Bank.

I was in the same position and wanted to invest all my savings but thank god something told me not too

and this was before the big crash! I would have all my assets blocked by the deep and couldn’t travel and pay for most of my expanses

so thank god I didn’t go all in! I still believe in the crypto market but gotta always be careful!

Fortunately for this guy, everything turned out well. He invested in October 2017, when the exchange rate of BTC was only around $4,000 per coin. BTC investment has given him around 70% returns, while the LTC/ETH investments have given a higher percent return. It was a brave decision to invest using all the savings. But in the end, it turned out to be a wise decision.

In my opinion, I dont think investing all your savings is a good idea. We all know that the price of coins is not stable, so better not invest all. Or if it is okay with you, you would be taking a big amount of risks. You might lose or only gain lower than what you expected.

I think investing all your savings is not good idea. I suggest you that only invest 30-40% of your savings. Holding bitcoin, etherium and litecoin are all good for longterm investment because they have a high potential.

I think that is not good idea all your savings is you invest in this currency because we dont know the future of it but if the cryptocurrency will grow up you can get a profit but its very risky to do it.cryptocurrency is very dangerous if your all savings will invest because theres posibilities your savings will loss but if cryptocurrency will last in 10 years i think your savings will double or triple profit but its risky.

This is not a good idea. Investing all your savings in Bitcoin can be dangerous. You never know what happens in this world of Virtual currency. Go for a diverse portfolio. Invest your savings in multiple heads which will give you the advantage of sharing the loss if the market crashes. Besides, losing in one business will not pose any type of danger to another business. Invest a specific amount in Bitcoin because it is a promising business.

I think that was not good option you bet and your savings may take a risk and theres a potential that you may lose your savings too but theres a potential that your investments may double or more in the future. But for me investing all your savings is like a big gamble for me.

This sounds like a good idea. I think with what's happening now that online currencies are really trendy. It is wise to consider and do investment on them. However, I just think that you shouldn't spend all the money that you have on investments. You should also leave some for yourself in case of emergencies.

I think investing all of your savings is good and very great decision you can made, but my advice for you is invest the 60% of your money with bitcoin because the price of bitcoin is cheap and the 30% is you can invest with ethereum and the remaining 10% is you can invest with waves.

I think 40% you invest in lite coin you should use it to trade coin for you to earn more then your money will stay quiet and earn quite a short time.

To invest your all money is kind of very risky and gambling strategy but is good and wise move. Currently bitcoin price and other altcoin is in a big crash so it's the right time to invest right now. If you've success buy investing try also to the trading strategy.

invest into intrest you will invest half of it and partly for some purposs. So you will get information before investing. So if you need to invest you will check the pricess informant. It will be good for the future. Price chage day by day. So, you will check the price every day. So you will get some ideas to invest

Where did you get such information, I think there is no confirmation on that, everything is just a mere speculation.
2020 is a long period, please be positive and expect things will change this year, we are in the 2nd quarter and I am very confident bull market will soon appear.

As you could see since cartel guys entered all goes to capitulation even 0 if necessary  .
Small guys just provide liquidity, the only strategy for small guy is close eyes and hodl in 2020 all is going to be different.

Investing all your savings in cryptocurrency is like holding a revolver 🔫 with a single bullet inside and you keep spinning and shooting it at yourself. Yes the highest if the gamble j have ever seen with a 50/50 odds. If you must gamble then gamble 50% of your savings though I don't recommend such amount.

Dude make it 50% Bitcoin, and 50% in USDT coin. I tell you, ETH and LTC is not yet done with the tanking. Either BTC will go up, or go down, LTC and ETC will crash again soon, it is a part of its market cycle.