Is it better to save money or invest it? - page 197.

batang_bitcoin

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Quote from: KroFly on July 05, 2017, 07:45:36 AM

It is better to invest, because the money will work and make a profit. Of course there are risks, but this is better than the money will simply lie and can depreciate.

I don't have any choice of what is better. For me, both things are good. In saving, it will generate profit to you but the interest in the bank isn't too big. And in investing just like the saying, let your money work for you. But you need to look for what's going to fit you.

Sled

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Quote from: bebejhen on July 06, 2017, 04:31:53 AM

For me, it's better to save it than invest it to something you're not sure of. But still it depends on how you will invest it. You can invest it to your own business so that you can make more money and save it. It depends how you use or understand the word invest. You save money, invest it by making own business then save the money again. Then that's the time to invest it in anything you want. Make sense?

Saving money will not take you anywhere because of its slow process of making money because in fact, you are not making money when you save, you are just adding some money from your savings and it is not a wise move for an entrepreneur. You should do both and not depend on one because it is not a safe move or action, if you want to have a financial security then you need them both.

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Quote from: trecore4 on July 06, 2017, 03:03:44 AM

Invest dude. Bitcoin is the only thing in the world which can be invested at any time and it will still benefit you with its magic a lot. I am long time into bitcoin which makes more comfortable to invest into bitcoin. The long run investment are even better in case of bitcoin which means the more the time you spend the more you will get return from your bitcoin investment.

Invest is definitely one of the things that you need to do when you have money already. If you think about it, Bitcoin has been one of the wildest and best investments that I have not just with money but with the time I spent learning it and understanding what I could do with it. It's definitely a blessing that we've encountered this. Of course, you need to save first then after saving, you invest, like what Warren Buffet said, save to invest.

bebejhen

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For me, it's better to save it than invest it to something you're not sure of. But still it depends on how you will invest it. You can invest it to your own business so that you can make more money and save it. It depends how you use or understand the word invest. You save money, invest it by making own business then save the money again. Then that's the time to invest it in anything you want. Make sense?

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Invest dude. Bitcoin is the only thing in the world which can be invested at any time and it will still benefit you with its magic a lot. I am long time into bitcoin which makes more comfortable to invest into bitcoin. The long run investment are even better in case of bitcoin which means the more the time you spend the more you will get return from your bitcoin investment.

Hui8

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With the current market research it is better to save up some bucks in the form of bitcoin for cold storage. The market seems to be rising a lot these days so it is good opportunity to earn bitcoins interest rate at higher side. I believe investing into it will not result that much of the interest as it is already moved a bit high. Better to save it.

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Quote from: ankit10 on July 05, 2017, 10:00:27 PM

Quote from: strontiumsane on July 05, 2017, 08:21:59 PM

The purpose of money is to spend it, just do it in a clever way. Saving it helps when you aren't sure for something bigger.

This is not only the purpose of money, to just spend it. Everyone should save their money in different places and almost everyone saving their money, but not you.
Saving is not mean that you definately face some problem then you can use that money. Saving money satisfy the human mind and they feel secure future.

Saving alone will not make you secure in the future, our expenses are increasing therefore we also need to learn how to grow our money.
Investing is the key to solve that worries in the future, we must learn to take risk because that is the way to achieve financial freedom, money gives us power and will give us a chance to enjoy this life and since we only live short we need to live to the fullest and without money it seems like it's impossible.

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Quote from: strontiumsane on July 05, 2017, 08:21:59 PM

The purpose of money is to spend it, just do it in a clever way. Saving it helps when you aren't sure for something bigger.

I dont clearly get your point .however in investing it is different from saving or buying the things that we need .Investments has a big risk .If you do saving your money will only earn small amount and you need more time to wait for it to have a big profit .

ankit10

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Quote from: strontiumsane on July 05, 2017, 08:21:59 PM

The purpose of money is to spend it, just do it in a clever way. Saving it helps when you aren't sure for something bigger.

This is not only the purpose of money, to just spend it. Everyone should save their money in different places and almost everyone saving their money, but not you.
Saving is not mean that you definately face some problem then you can use that money. Saving money satisfy the human mind and they feel secure future.

crwth

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Quote from: strontiumsane on July 05, 2017, 08:21:59 PM

The purpose of money is to spend it, just do it in a clever way. Saving it helps when you aren't sure for something bigger.

What bigger are you talking about? There are a lot of ways that you could use the money for the benefit of yourself, something better to do with it. It's better to have a safety money amount that will cover yourself for at least 3 months if you haven't got a job or work. Better to be safe than sorry.

strontiumsane

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The purpose of money is to spend it, just do it in a clever way. Saving it helps when you aren't sure for something bigger.

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If we see from rising prices may be suitable bitcoin used as an investment because it will be more profitable but we also must be alert because every investment product contains risks and you must seek information before deciding the investment decision. Past performance does not reflect future performance.

Sled

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Quote from: KroFly on July 05, 2017, 07:45:36 AM

It is better to invest, because the money will work and make a profit. Of course there are risks, but this is better than the money will simply lie and can depreciate.

Yes let your money work for you, investing will become a very big help for a person because that investment will help the person to grow his money or have a passive income which what most of the people are wanting to have. Investing will assure your future money also because it is like a worker for you and money never stop working as long as they are invested.

KroFly

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It is better to invest, because the money will work and make a profit. Of course there are risks, but this is better than the money will simply lie and can depreciate.

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Quote from: vohoanghiep55 on July 04, 2017, 10:33:01 PM

Quote from: jerol31 on March 26, 2015, 07:25:04 AM

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

Investing in real estate is a wise choice as more and more people are demanding housing
Investing in gold is too safe, profit is not high because gold prices are always stable
Investing in Bitcoin or money online is a bold choice, it can increase or decrease but for experienced people, they always recognize when to invest

Any kind of investment that is profitable is always good but you have to consider investor's capacity to invest
since now all people has a decent capital to go with real state and gold investment but with bitcoin any amount will be possible.

vohoanghiep55

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Quote from: jerol31 on March 26, 2015, 07:25:04 AM

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

Investing in real estate is a wise choice as more and more people are demanding housing
Investing in gold is too safe, profit is not high because gold prices are always stable
Investing in Bitcoin or money online is a bold choice, it can increase or decrease but for experienced people, they always recognize when to invest

Potchi

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Quote from: randy8777 on March 26, 2015, 10:29:46 AM

if some one has little to no experience with investing they are better off contacting some who knows exactly how everything works.
investing is risky which means if you invest it in the wrong industry or wrong in a wrong way you might end up with a huge loss.

It's better to be saving first your money before doing anything and if ever you had saved enough that's the time you could invest of do anything you want with it.

Pattberry

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Quote from: Lieldoryn on July 04, 2017, 06:14:23 AM

It seems to me that the best option is to choose the amount you are willing to lose and do the exchange to trade coins just for this amount. All the income you can translate into gold or Fiat money. Then you will have income and will not lose all your savings under any circumstances.

You are in a crypto currency forum and you are advising to invest in gold and fiat. Cheesy

If you are able to spend time to study the coin and their development team and if you are able to follow their developments then investing is a good lucrative option.

rhamzter

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Savings is the basically doing of all people to hold or to maintain their money for long term. However investment is taking risk to increase our income, both of this is pretty good but saving of bitcoin is the best way maintain bitcoin in your pocket.

Ewinsane

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Quote from: Xester on June 29, 2017, 07:06:31 AM

Quote from: fancy_pants on June 29, 2017, 06:52:52 AM

Quote from: kpcian on June 29, 2017, 06:46:43 AM

Definitely, investment is the best policy to utilize your money properly, if you want to save money then it will be a asset in the future but if you want to invest your money then your asset will be double in the future, it is true that money begets money.
So investment can make your money fully utilized.

If you want your money to work for you then only investment will allow you to do that but saving money is also important as it will only take care of you in rainy days and in the time of emergencies so you should manage to have good balance between both of them.

Yes that what financial advisers always say. To let your money work for you because it will help you to be financially independent as time goes by. But first as they say, you need first to have emergency funds about six to eight months of your salary. And then you could invest on mutual funds, uitf of the banks, and buy some stocks in the market. The greater the risk the greater the gain they say.

Yes this is a great idea of having some funds which can help you in the bad time or in case if you need them in an emergency or some other sort of support which money can provide you at the time when needed.

The greater the risk the greater the greater the profit is a common practice of the economics but one should take the risk as much as bearable.

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