Is it better to save money or invest it? - page 246.

erickkyut

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Quote from: Bionicgalaxy on April 20, 2017, 09:14:25 AM

Well if you were to ask me it would be much better to save the money in a bank than investing it. Specially if I'm not in badly need of money but if I'm i typical type of individual who's thinking is to double my money i would definitely try to invest it.

Saving is good but for me, investing is better especially if you will just save in the banks. Savings in the banks will only get very little interest and it is taxable and subject for inflation. At the end of the year, instead of gain, your savings will have a lost due to those things.

Bionicgalaxy

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Well if you were to ask me it would be much better to save the money in a bank than investing it. Specially if I'm not in badly need of money but if I'm i typical type of individual who's thinking is to double my money i would definitely try to invest it.

lienfaye

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Quote from: AK47- on April 20, 2017, 01:06:32 AM

You should only have in the bank an “emergency fund” equivalent to about 6 months of expenses. Everything else please do yourself a favor and invest it. Remember the first rule of investing… DIVERSIFY, DIVERSIFY, DIVERSIFY… Yes invest in bonds but also other vehicles. Such as Real Estate, Mutual Funds, Stock, Tax Liens.

I agree, if you want to invest your money consider many kinds of investment that you know you can earn profit and dont focus in just one. diversifying is a good strategy and its tested by me. while im earning with my investments thats the time to save money for future uses. indeed saving is good but it would be better if you have many source of income so you can save more.

Sanitough

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Quote from: AK47- on April 20, 2017, 01:06:32 AM

You should only have in the bank an “emergency fund” equivalent to about 6 months of expenses. Everything else please do yourself a favor and invest it. Remember the first rule of investing… DIVERSIFY, DIVERSIFY, DIVERSIFY… Yes invest in bonds but also other vehicles. Such as Real Estate, Mutual Funds, Stock, Tax Liens.

Me, I only put an amount covered by ta maximum insurance, in our country the max insurance is $10,000 so I will put equivalent to that.
I am not living a lavish lifestyle so I guess that can take care of my expenses too in case I will fail on investing.

Seeker01

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Quote from: AK47- on April 20, 2017, 01:06:32 AM

You should only have in the bank an “emergency fund” equivalent to about 6 months of expenses. Everything else please do yourself a favor and invest it. Remember the first rule of investing… DIVERSIFY, DIVERSIFY, DIVERSIFY… Yes invest in bonds but also other vehicles. Such as Real Estate, Mutual Funds, Stock, Tax Liens.

Heard that strategy so many times, and i can say that its true, use bank for emergency purposes. Diversifying risk is a good strategy to minimize risk and also to generate more income from other investment.

AK47-

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You should only have in the bank an “emergency fund” equivalent to about 6 months of expenses. Everything else please do yourself a favor and invest it. Remember the first rule of investing… DIVERSIFY, DIVERSIFY, DIVERSIFY… Yes invest in bonds but also other vehicles. Such as Real Estate, Mutual Funds, Stock, Tax Liens.

Cactushrt

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Quote from: Nevis on April 19, 2017, 11:49:07 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?

Investing online will help you to grow your money instantly,directing to bitcoins.Invest in bitcoins and invest on trading sites or any investment program you like and you can grow your money faster than storing in banks

Be careful on investment program especially those hyip or revenue share it will turns to scam and also there is no assurance in investing on bitcoins there are times you will lose also your money because of wrong prediction

Kasabus

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Quote from: Nevis on April 19, 2017, 11:49:07 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?

Investing online will help you to grow your money instantly,directing to bitcoins.Invest in bitcoins and invest on trading sites or any investment program you like and you can grow your money faster than storing in banks

That's true somehow but you need to find a good investment that will reward you with a good profit. Plenty of investment you can find online
but you have to make sure you invested your money in a legitimate ones, learn how to diversify as that is important.

gogoors

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You have to invest, everyone needs investment, just putting our money in the bank will make the money useless and will not change anything

Nevis

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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?

Investing online will help you to grow your money instantly,directing to bitcoins.Invest in bitcoins and invest on trading sites or any investment program you like and you can grow your money faster than storing in banks

stadus

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Hhampuz for Campaign management

Quote from: robocop3 on April 19, 2017, 09:48:35 PM

I just kept saving money before. But then I realized that this is not correct，the saving profit is too low. So now I invest in different projects

You did the right thing, saving money will not make your easy faster, the value will inflate in the future and only the bank will benefit on your money if you put it to the bank. Matured people do matured way of making money and I can tell you have matured since you learn how to invest.

robocop3

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I just kept saving money before. But then I realized that this is not correct，the saving profit is too low. So now I invest in different projects

yosakahina

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Quote from: rhamzter on April 19, 2017, 09:34:35 PM

If you want to earn in short of time the best way to happened it is to invest it. But if you want to earn slowly but surely, my best advice is to save it in the bank as time deposit. like in bitcoin just save it and wait the right time before sell it.

I think investment is a long-term instrument, if you want short-term trading should be in exchangers like poloniex and bittrex.

rhamzter

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If you want to earn in short of time the best way to happened it is to invest it. But if you want to earn slowly but surely, my best advice is to save it in the bank as time deposit. like in bitcoin just save it and wait the right time before sell it.

batang_bitcoin

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Quote from: marcuslong on April 19, 2017, 04:01:10 AM

Quote from: batang_bitcoin on April 18, 2017, 08:52:59 PM

Quote from: abstractednerve on April 17, 2017, 01:05:39 PM

Saving should be primary and investment should be secondary as you cannot invest your money unless you have saved them and even if you invest you should always be ready with saving as an back up which can help you in rainy days if your investment goes wrong in future.

Both things should be prioritize and those two are very important if you are talking about finances. Investment for the profit and after getting the profit you need to save it. And it's the main purpose of saving, whenever you will have hard times financially you can easily got something to get off on your savings account / bank.

That is true dont depend on single income as long as we can earn for these both activities we can make it if we really afraid to lose then you're not ready to win what ever it takes it really for now to earn and you can't get that money that we are earning today from the ground lets prioritze our earnings and balance them.

Yes, balancing both things are going to be the best way of getting yourself a very good output for doing both. Don't just focus on a single thing, don't just focus only with saving or don't just focus only with investment. Make your time valuable and worth depending on how you really want to become successful by prioritizing both.

J Gambler

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It is better to save money or invest it with bitcoin by holding bitcoin you could get profit there by chance if the bitcoin will rise price into bigger than we expected such as bitcoin will be turning into 1500 dollars this isn't bad at all this will took long before it will done.

dmamigo

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Quote from: frowsiter on April 19, 2017, 11:46:39 AM

I think investing in bitcoin is good idea. I have started recently and I'm loving the idea of investing in bitcoins. Gold is far fetched item now and I don't really like that one. Bitcoin is virtual and secure and I'm finding it very promising these days.

Investing in Bitcoins will obviously help you grow your money, but similarly investing all your money can be problematic. Saving might not grow your money, but can help you in sudden need. And investing in all forms of opportunities will be beneficial, either be it gold, bonds, stocks or Bitcoins. It depends on how much profit you want and how much risk can you take.

Diced90

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Get'em boys

Quote from: TheUltraElite on April 19, 2017, 11:38:54 AM

Quote from: marcuslong on April 19, 2017, 04:01:10 AM

Quote from: batang_bitcoin on April 18, 2017, 08:52:59 PM

Quote from: abstractednerve on April 17, 2017, 01:05:39 PM

Saving should be primary and investment should be secondary as you cannot invest your money unless you have saved them and even if you invest you should always be ready with saving as an back up which can help you in rainy days if your investment goes wrong in future.

Both things should be prioritize and those two are very important if you are talking about finances. Investment for the profit and after getting the profit you need to save it. And it's the main purpose of saving, whenever you will have hard times financially you can easily got something to get off on your savings account / bank.

That is true dont depend on single income as long as we can earn for these both activities we can make it if we really afraid to lose then you're not ready to win what ever it takes it really for now to earn and you can't get that money that we are earning today from the ground lets prioritze our earnings and balance them.

Both saving and investing money is important. But earning money by hard work should come even before that. We must save at least 10% of our daily earnings. Keep that as a reserve for future and draw from it slowly during daily needs if required. Use the rest of income for daily necessities and think of investing it in different modes of earnings. Once you consolidate some earnings, think how you are going to part with it, save it or reinvest it.

that would be the best strategy to have something to save for future needs and use for your daily needs. Though the saving process will take time before you start to see
any profits from it, a lot of patience will be needed.

frowsiter

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I think investing in bitcoin is good idea. I have started recently and I'm loving the idea of investing in bitcoins. Gold is far fetched item now and I don't really like that one. Bitcoin is virtual and secure and I'm finding it very promising these days.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: marcuslong on April 19, 2017, 04:01:10 AM

Quote from: batang_bitcoin on April 18, 2017, 08:52:59 PM

Quote from: abstractednerve on April 17, 2017, 01:05:39 PM

Saving should be primary and investment should be secondary as you cannot invest your money unless you have saved them and even if you invest you should always be ready with saving as an back up which can help you in rainy days if your investment goes wrong in future.

Both things should be prioritize and those two are very important if you are talking about finances. Investment for the profit and after getting the profit you need to save it. And it's the main purpose of saving, whenever you will have hard times financially you can easily got something to get off on your savings account / bank.

That is true dont depend on single income as long as we can earn for these both activities we can make it if we really afraid to lose then you're not ready to win what ever it takes it really for now to earn and you can't get that money that we are earning today from the ground lets prioritze our earnings and balance them.

Both saving and investing money is important. But earning money by hard work should come even before that. We must save at least 10% of our daily earnings. Keep that as a reserve for future and draw from it slowly during daily needs if required. Use the rest of income for daily necessities and think of investing it in different modes of earnings. Once you consolidate some earnings, think how you are going to part with it, save it or reinvest it.

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