Is it better to save money or invest it? - page 186.

Zooplus

legendary

Activity: 1106

Merit: 1000

Quote from: HasHe on August 02, 2017, 10:01:00 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

Saving money makes it idle.Instead it could be invested in gold or digital gold,the bitcoin.Investment makes your money grow gradually.For example,bitcoin has almost tripled in its price within last six months.But investment in bitcoin should be made on a long term basis and short term benefits should not be expected.

That's true, if we will only focus on savings we will not gonna grow our money faster and our money is subject for inflation.
I choose to invest but not because I believe it will bring good return to me with my small capital but because I've seen a good way to invest
which is putting my money in the crypto currencies.

HasHe

hero member

Activity: 952

Merit: 500

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

Saving money makes it idle.Instead it could be invested in gold or digital gold,the bitcoin.Investment makes your money grow gradually.For example,bitcoin has almost tripled in its price within last six months.But investment in bitcoin should be made on a long term basis and short term benefits should not be expected.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Caesar-Giulius on August 01, 2017, 10:31:32 PM

For me, it is better to invest to see higher returns but it comes with higher risks. I would say invest 50% and 50% savings.

That was much better to have a safe money if incase theres a failure fo your investments .High risk in investimg can be less if you leaen the process of your business .The risk is always there but risk is good to enhance our skills and to achieve our future goals in life.

ringgo96

sr. member

Activity: 1582

Merit: 279

If our money or treasure much better we invest our treasure.
Because the investment can be profitable for us, let alone the investment in gold the possibility of gold prices will rise then we profit. Wink

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

For me, it is better to invest to see higher returns but it comes with higher risks. I would say invest 50% and 50% savings.

Igebotz

staff

Activity: 1316

Merit: 1610

The Naija & BSFL Sherrif 📛

i think saving money is better but. investing its like a business if you win good but if you loss .better try it again. . .so you can invest in same thing in future that you will win. like for me bitcoin or a product. that you know it will grow. investing on same thing make you millionaire same day

BITSPANISH

full member

Activity: 486

Merit: 100

Quote from: aysg76 on August 01, 2017, 12:52:40 PM

Its always better to invest money if the sources are trustful and good as savings will bring nothing to you but investment will surely give you results. For the investment you can go for bitcoins as too much volatile and will definitely gives you higher profits.

Well, in present saving money in banks not interesting as 5-10 years ago, the profit from this type not helps our life more. But with Bitcoin just in 2 years, from $200 increasing to $3000, this is a huge profit and if we take advantage this opportunity good, we don't need worry about our life after take huge profit with million dollar Grin

aryana42

sr. member

Activity: 1190

Merit: 251

For me, invest is better. Because by investing, i have profit so my balance can increases. Savings only make assets or property we dont active.

aysg76

legendary

Activity: 1960

Merit: 2124

Its always better to invest money if the sources are trustful and good as savings will bring nothing to you but investment will surely give you results. For the investment you can go for bitcoins as too much volatile and will definitely gives you higher profits.

Christian13

full member

Activity: 227

Merit: 100

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it’s better to invest your money than to save it in banks. In addition to that, if you invest your money there is a possibility you could earn a high income and investing is one of the option if you want to make income. If you invest your money in bitcoin you money will be multiply and you could earn and make more money.

Smarty14392

sr. member

Activity: 560

Merit: 286

Bitcoin is Gold for me. I would firstly prefer to invest more and more in bitcoins. I always spent my extra money in purchasing ASIC miners. Its also a kind of investing. I get some good daily return there. Also i spent some of my money in trading and earning more money for my living.

danim1130

sr. member

Activity: 616

Merit: 250

for me it is better to invest it in real estate many of the people now getting rich because of the investments on the real estates so that is my explanation about it it can also save in the bank because bank is one of the most trusted container of the money as of today

abilarde

jr. member

Activity: 47

Merit: 10

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

Its better to invest rather the to save,logically if you are going to saved only your money think about this so you think your money grow up?or become multiply?. So if you are going to invest of what do you decire,maybe online business or not. You're money become multiply and grow faster or mabe invest from gold..

rockyboy

full member

Activity: 392

Merit: 100

My father always want us to be responsible, he always told us to be more particular in our future. He always want us to save money from our allowances in school. I want to follow him but doing bitcon thing find me more interesting. I can save for my future if i invest my money in bitcoin right now. I am just being practical.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: leirou on July 31, 2017, 10:27:18 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

In my own opinion Investing it online like bitcoin my be risky but there will be a bigger profit. It will be a good choice though. Having real state is also good but a bit lower profit from online investment but it depends on what it is. ( Putting it in a bank for savings is only for safety purposes).

That's a normal thing, every time we are expecting for bigger profit we also have the will to take a bigger risk.
Everything we do requires hard work and we will be smart all the time as investing does not give us a steady income but if we are smart enough we will be able to be successful in the end, the timing is necessary in order to get the best you want in investing, you do not need to do it all your life because when you are financially free all you do is just enjoy your money.

leirou

member

Activity: 112

Merit: 10

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

In my own opinion Investing it online like bitcoin my be risky but there will be a bigger profit. It will be a good choice though. Having real state is also good but a bit lower profit from online investment but it depends on what it is. ( Putting it in a bank for savings is only for safety purposes).

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: Spontebob on July 30, 2017, 08:26:12 AM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

It's really hard to pick to which is the better way. Saving in the bank is a good thing. You can just let your money in the bank then you'll get some interest knowing that the bank used it for some business and they are obligated to give you some share. It's a good way but still the interest wouldn't be that big unless you've kept it for a very long time in the bank. Meanwhile, investing means risking your bitcoin to some people for a long time. It will surely give you a good income but still it's risky. I think saving a half and investing the other half will be a good idea but it's still your decision.

You need to put your money in an investment account in order to receive interest for it, and the problem with that is that your investment is not guaranteed by the government because governments only guarantee saving accounts, so having your money in a bank is a terrible idea to me.

kpcian

hero member

Activity: 826

Merit: 529

I think Investment is the better policy than saving, both have some positive sides. by investing money one can get a stable income for a long time, on the hand, by saving one can get a fixed amount of money after a time period. but investment requires taking risk which also leads huge profit. so I believe in taking a risk for this purpose.

genocide

full member

Activity: 258

Merit: 100

Quote from: OnkelPaul on March 26, 2015, 08:55:39 AM

Investment means giving the money to someone who uses it for their business and pays you back a dividend (and you normally get some kind of share that can be sold later). Think stocks.

"Save in bank" is actually a kind of investment. You give money to the bank, they use it for their business and give you a small interest (if at all) as dividend, and you can withdraw your money. With current interest rates, this is pretty boring, the only advantage compared to keeping money in a safe at home is that it's easier to do most types of payment, and that you don't need your own safe...

Buying precious metals is not an investment because those metals won't work with the money you paid for them. It's mostly speculation (you hope that you can sell it for a higher price) and safekeeping (real value of money can fall due to inflation, while precious metals will mostly retain their "real" value). But you need to consider storage fees.

To decide which is better you need to know what you consider "good".
Do you want to maximize your ROI? Do you want to store your wealth safely? Do you want to enable entrepreneurs to build their businesses?

Onkel Paul

Very well explained. If I were to decide, I guess I would do both saving and investing through bitcoin. Buying gold would only give you frozen assets since you won't be able to use it. You can only wait for its value to increase until you can sell it for a higher price. Saving in a bank is good but not that much since they only pay you a little interest within a long period of time. Bitcoin is probably the best way to make your money grow faster and you can save it in trusted wallets to make it secure.

MaxRR

newbie

Activity: 14

Merit: 0

investing is always gonna be the best option, but be careful of investing everything in only one place.
If you have some btc best is to buy altcoins now that are dumped and hold until you make a good profit

Topic: Is it better to save money or invest it? - page 186. (Read 1181208 times)