Is it better to save money or invest it? - page 282.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: zagarcoin on February 06, 2017, 04:18:13 AM

I think saving money is for people that they have no reserve and invest is for people that they can loose. So you can invest and loose or win.

Totally wrong conception. People simply want to make money and there are different methods to do so. We need to save money for future needs and emergencies. Investments are needed to passively grow our money - mostly at low rates for less risky ones and high rates for high risky ones.

Its important to have a proper source of income like a job or your own business. Then you can look to save some small fraction of it. Keep the rest for investments and for liquid cash which is for daily expenses. Segregating the cash income is important to control your expenditure and hence increase your savings as well.

zagarcoin

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I think saving money is for people that they have no reserve and invest is for people that they can loose. So you can invest and loose or win.

DocGTR

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Quote from: Victorycoin on February 05, 2017, 11:47:27 AM

Quote from: agamasrori on February 05, 2017, 12:51:05 AM

Quote from: hamiltonik on February 04, 2017, 12:56:15 PM

I know what I'm doing wrong, but I have almost all of the money invested. Now I need to quickly multiply my capital. Therefore, I venture, with nothing stored. All my money make money

You are such as risk taker. I think it does not matter if we use all our money to invest, with the proviso that we really master the investment field. I suggest to be an expert trading bitcoin for very large incomes.

No investment is without some risk and your being an expert does not totally remove the risk, so investing all the money you got might not be the wisest business decision. What happens should the business fail? Did you even bother to diversify? If you run into some emergency and needs some fund urgently, what would you do? Your best bet is to also set some funds aside, so you can easily reach it when you need it and not to have to dis-invest your investments or go looking for some loan.

As a matter of fact, what we should be saving are the proceeds of our investments and not our capital.

In humans, there are different situations, and they decide that they seem to be correct.
I can not risk all the money. Therefore, I invest only part of the money. The rest I just keep.

Victorycoin

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Quote from: agamasrori on February 05, 2017, 12:51:05 AM

Quote from: hamiltonik on February 04, 2017, 12:56:15 PM

I know what I'm doing wrong, but I have almost all of the money invested. Now I need to quickly multiply my capital. Therefore, I venture, with nothing stored. All my money make money

You are such as risk taker. I think it does not matter if we use all our money to invest, with the proviso that we really master the investment field. I suggest to be an expert trading bitcoin for very large incomes.

No investment is without some risk and your being an expert does not totally remove the risk, so investing all the money you got might not be the wisest business decision. What happens should the business fail? Did you even bother to diversify? If you run into some emergency and needs some fund urgently, what would you do? Your best bet is to also set some funds aside, so you can easily reach it when you need it and not to have to dis-invest your investments or go looking for some loan.

As a matter of fact, what we should be saving are the proceeds of our investments and not our capital.

Harlot

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Quote from: janggernaut on February 04, 2017, 10:11:20 PM

Quote from: Natalim on February 04, 2017, 12:45:56 AM

Quote from: ArdiPrabowo on February 04, 2017, 12:11:22 AM

Quote from: doaremon on February 02, 2017, 06:42:09 AM

Just invest it. saving won't grow your money but investment can. And there is sure chance of getting better outcome,as bitcoin value is increasing by time. The past statistics says so.

in my country saving money in bank can get return, and competitif return too
iam saving money in bank can get return 8%/month is very small, if want big return money to use investment or busness

Are you for real? That was a big amount of interest, where are your bank getting the amount they pay to it's depositor? Comon man, don't say anything without any valid support, what is the name of your bank? it's very impossible that bank offers that kind of interest on deposit rates.

I'm sure if he is lying now. i don't find any bank which willing to pay their depositor with that high interest in monthly. Usually when you are investing your money in bank, the highest interest you will get only 2-3% annually in bank. 8% in a month is too crazy

Yup 8% per month is not possible anymore that is 96% per year almost double your money . Time deposits can even get 2% per month and it ii the most high yielding savings account there is. Wherever you are earning your 8% monthly it is not a bank. You need to check where you putting your money on maybe you don't know its gone now.

Superzpay

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Quote from: agamasrori on February 05, 2017, 12:51:05 AM

Quote from: hamiltonik on February 04, 2017, 12:56:15 PM

I know what I'm doing wrong, but I have almost all of the money invested. Now I need to quickly multiply my capital. Therefore, I venture, with nothing stored. All my money make money

You are such as risk taker. I think it does not matter if we use all our money to invest, with the proviso that we really master the investment field. I suggest to be an expert trading bitcoin for very large incomes.

Only experts can do that while those who are new to that field will not take the risk and those people who do not have much money will first try to save some money to collect them for to be able to invest and I think it is not good that a person invest all of his money because no one know about the time that when a good time come and when a bad time come so it is better to keep some money in pocket for bad time.

Fireblade

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Quote from: dearbesz1219 on February 05, 2017, 02:55:51 AM

Most of the people said saving money is much good than investing, because this is what they inherited to their love ones, relatives or family. But there saving money in the bank looks risky and lucrative it can be steal by someone or can be manipulated in the program technology. Unlike in investing, we can multiply our money in a fastest way due to the money is rolling up.

but saving money for a long time is not a wise decision, because you are going to devalue your money by yourself. at least you should invest your money in gold, where there you can observe a very little change in the price of gold. but not going to devalue at any period. and if you are interested to get some good profit then you should invest your money in bitcoin where you even double your investment in trading alt coin but a little bit risk factor is involve there.

savioroshan

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Quote from: MFahad on February 05, 2017, 10:13:59 AM

Quote from: dearbesz1219 on February 05, 2017, 02:55:51 AM

Most of the people said saving money is much good than investing, because this is what they inherited to their love ones, relatives or family. But there saving money in the bank looks risky and lucrative it can be steal by someone or can be manipulated in the program technology. Unlike in investing, we can multiply our money in a fastest way due to the money is rolling up.

I agree with you, many people prefer to save money than investing. Because they living style will be different from others. But as a businessman, i think every businessman and investor would be like to invest their money than saving. But salary persons always prefer to save the money. It is because businessman and salary persons both have a different thinking to use their money.

In my opinion the best way is to invest money than saving it. For example if you save 10 dollars it will be only 10 dollars after a week.Butt imagine if you invested that money in buying bitcoins , after one week you would have 15 dollars worth bitcoin in your wallet. So the best option is investing the money.But before investing the money, its necessary to have a small study about where you are going to invest it.
The best option is investing in real estate. But be carefull while doing because there are so many scams out there. Why I menioned real estate is because the price of the land will definitely increase today or tomorrow. Just keep in mind population is increasing but land is not increasing .So definitely the land you are buying for few cents will worth lakhs in future.

mrjoy15

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Quote from: agamasrori on February 05, 2017, 12:51:05 AM

Quote from: hamiltonik on February 04, 2017, 12:56:15 PM

I know what I'm doing wrong, but I have almost all of the money invested. Now I need to quickly multiply my capital. Therefore, I venture, with nothing stored. All my money make money

You are such as risk taker. I think it does not matter if we use all our money to invest, with the proviso that we really master the investment field. I suggest to be an expert trading bitcoin for very large incomes.

That's why personally I have hardly believed that skill development is one of the best option for a great future.It not only ensure you a good life but also overcome any difficulty at any situation.By learning one day you must have expert such of many method ,there trading is one ways truly waiting very large incomes in future.

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Quote from: dearbesz1219 on February 05, 2017, 02:55:51 AM

Most of the people said saving money is much good than investing, because this is what they inherited to their love ones, relatives or family. But there saving money in the bank looks risky and lucrative it can be steal by someone or can be manipulated in the program technology. Unlike in investing, we can multiply our money in a fastest way due to the money is rolling up.

I agree with you, many people prefer to save money than investing. Because they living style will be different from others. But as a businessman, i think every businessman and investor would be like to invest their money than saving. But salary persons always prefer to save the money. It is because businessman and salary persons both have a different thinking to use their money.

puremage111

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Well it depends on how you wanted your life to be.

Look at this scenario

A and B work and earn $100 per month.

In 6 months time

A wanted to go for travel.
B just wanted to work more to increase his savings.

In this case, A has an objectives which will require a sum of money in order to perform a task. While B have nothing to pay as he just wanted to save more money in his bank account.

Therefore

A would have a better option of investing his money compare to saving his money. Why? Because the objectives he wanted to achieve requires sum of money, by saving $100 a month in half of year, that would only generates him $600. Imagine if he do daily trading on forex, bitcoin. By achieving perhaps just 5% per week by compounding.

in a month time, with $100, he would end up with $121.
After 6 months, lets only take the initial $100 of each and every month.

$100*(1.05*4) = $121/month x 6 = $726.

Compare to B, he would have 21% more $$ by investing.

TL;DR : Its all depends on what you are looking for and what you want, if you just wanted to be safe, saving is byfar the best choice for you

stadus

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Quote from: Erza on February 05, 2017, 07:47:05 AM

Quote from: Ferris419 on February 04, 2017, 07:45:39 PM

Quote from: ibuddy122505 on February 04, 2017, 01:21:30 PM

Saving money or investment is a good opportunity to help change people lives.Each has an important part of our life as save money or invest a good practice which ensure you a safest future which also can help you overcome of an emergency or if you need access to your money at a set time.

Yes I think both are important you cannot depend only on saving as it will never grow your money and on the other end you cannot afford to invest all your money as if it fails in future and if you have not saved anything then it will lead to disaster so its always good to save some money so it can by helpful in rainy days and can take care at the time of emergencies.

But with saving more we sure can get more of the value but like you said it cant never grow but if we keep save more and more I think this problem will grow at least. The value will never grow but the amount will keep on increasing so I think it is a good idea. And if you want to play by value may be you should invest although it is like dead money, cant be used no where until period of time. But still I prefer to do both if I have spare

You don't have to save everything you have, the inflation will eat the value of your money. It's good to save but we should also learn how to invest, the risk is there but the reward is great if we succeed, most people who save does not really get the life they are dreaming. All of use dream of a comfortable life and we can only have that if we have a financial freedom, and we cannot have that by saving alone.

Erza

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Quote from: Ferris419 on February 04, 2017, 07:45:39 PM

Quote from: ibuddy122505 on February 04, 2017, 01:21:30 PM

Saving money or investment is a good opportunity to help change people lives.Each has an important part of our life as save money or invest a good practice which ensure you a safest future which also can help you overcome of an emergency or if you need access to your money at a set time.

Yes I think both are important you cannot depend only on saving as it will never grow your money and on the other end you cannot afford to invest all your money as if it fails in future and if you have not saved anything then it will lead to disaster so its always good to save some money so it can by helpful in rainy days and can take care at the time of emergencies.

But with saving more we sure can get more of the value but like you said it cant never grow but if we keep save more and more I think this problem will grow at least. The value will never grow but the amount will keep on increasing so I think it is a good idea. And if you want to play by value may be you should invest although it is like dead money, cant be used no where until period of time. But still I prefer to do both if I have spare

Gromozeka!

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Quote from: TheUltraElite on February 05, 2017, 05:49:14 AM

Quote from: achow102 on February 04, 2017, 03:08:39 PM

I invest only a portion of their savings. I try to invest in several projects at once. Most of its assets, I just keep in the bank. It seems to me that this strategy saves me from losses

I think it will save you from losses but will not earn you much of a profit. We must try to invest money in such sectors which are going to be big in the next few years.

That is why buying bitcoin is said to be a worthy investment. Again gold and real estate are good enough since they will also rise in future. But blindly just storing the money in banks is like locking the money up like a miser. There is not much profit from the savings account interest rate.

Absolutely agree with you, storing savings in the bank does not give us too much profit, or is it to be a very significant deposit. Why do we need banks if we now have Bitcoin and while it is necessary to take this opportunity to the fullest. Investing in Bitcoin we not only can save the time value of money but also greatly multiply our capital.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: achow102 on February 04, 2017, 03:08:39 PM

I invest only a portion of their savings. I try to invest in several projects at once. Most of its assets, I just keep in the bank. It seems to me that this strategy saves me from losses

I think it will save you from losses but will not earn you much of a profit. We must try to invest money in such sectors which are going to be big in the next few years.

That is why buying bitcoin is said to be a worthy investment. Again gold and real estate are good enough since they will also rise in future. But blindly just storing the money in banks is like locking the money up like a miser. There is not much profit from the savings account interest rate.

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Quote from: ArdiPrabowo on February 04, 2017, 12:11:22 AM

Quote from: doaremon on February 02, 2017, 06:42:09 AM

Just invest it. saving won't grow your money but investment can. And there is sure chance of getting better outcome,as bitcoin value is increasing by time. The past statistics says so.

in my country saving money in bank can get return, and competitif return too
iam saving money in bank can get return 8%/month is very small, if want big return money to use investment or busness

What country are you in? I want to live there.
8%/month return? That is not small. That is very huge actually.
Invest in bitcoin and you won't get even 5% per month.

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Quote from: Qunenin on February 04, 2017, 08:25:14 AM

Quote from: KuromaYoichi on February 04, 2017, 04:54:59 AM

You should do both, divide your money to save and invest. I don't know about your country, but in my country, if i have the money, i would invest in real estate without doubt. the prices of land and housees always increase every year and the increase is quite significant

Real Estate business is good in most countries but you need to understand that real estate investment requires a lot of money. Its not an average person game. So bitcoin can be invested in small amounts and so everyone can invest in it. And also it is granted that whoever invest in bitcoin, he will gain profit because bitcoin price will definitely increase more.

Yeah, real estate investment indeed requires a lot of money and not many people can afford to invest in it. That's why i said "if i have the money". Real estate is safer and reliable compared to online investment in my opinion. Investing in BTC has it's risks too, nothing is certain and no one can say for sure that the price will go higher in future but i'm one of the people who believe BTC price will increase in the future.

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Quote from: dearbesz1219 on February 05, 2017, 02:55:51 AM

Most of the people said saving money is much good than investing, because this is what they inherited to their love ones, relatives or family. But there saving money in the bank looks risky and lucrative it can be steal by someone or can be manipulated in the program technology. Unlike in investing, we can multiply our money in a fastest way due to the money is rolling up.

You've got a point there about saving your money or keeping it, as someone might steal it from you not just directly stealing it but sometimes legally getting it from you.

With regards to investments, I prefer real life investments and mostly on physical goods, they are safer and you can see where you invest, not those online investments. None of them survive long enough and don't have the intention to run.

dearbesz1219

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Most of the people said saving money is much good than investing, because this is what they inherited to their love ones, relatives or family. But there saving money in the bank looks risky and lucrative it can be steal by someone or can be manipulated in the program technology. Unlike in investing, we can multiply our money in a fastest way due to the money is rolling up.

mornabo

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Quote from: janggernaut on February 04, 2017, 10:11:20 PM

Quote from: Natalim on February 04, 2017, 12:45:56 AM

Quote from: ArdiPrabowo on February 04, 2017, 12:11:22 AM

Quote from: doaremon on February 02, 2017, 06:42:09 AM

Just invest it. saving won't grow your money but investment can. And there is sure chance of getting better outcome,as bitcoin value is increasing by time. The past statistics says so.

in my country saving money in bank can get return, and competitif return too
iam saving money in bank can get return 8%/month is very small, if want big return money to use investment or busness

Are you for real? That was a big amount of interest, where are your bank getting the amount they pay to it's depositor? Comon man, don't say anything without any valid support, what is the name of your bank? it's very impossible that bank offers that kind of interest on deposit rates.

I'm sure if he is lying now. i don't find any bank which willing to pay their depositor with that high interest in monthly. Usually when you are investing your money in bank, the highest interest you will get only 2-3% annually in bank. 8% in a month is too crazy

I think there is no bank that would give the annual interest rate for customers who keep money in the bank. usually the bank will give you a few percentage points may be 1-3% annually for each customer

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