Is it better to save money or invest it? - page 338.

serjent05

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Quote from: pinoycash on October 20, 2016, 09:27:47 AM

Quote from: Rmanik on October 20, 2016, 08:22:21 AM

if you have proper knowledge about trading,i reccomended you for doing trade,its safe instade of invest.investment site are strongly ponzi/scam.safe money is better then investment.

Trading is very risky. its not for everyone. while investing in a ponzi website is not advisable. better is hold your coins, and think long term

Holding your coins is risky too Cheesy

. The one your holding might go down in some days or weeks. In this world all actions have risk. Though we can minimize the risk but it is always there. And the most succesful person are those who face risk and use what they have to produce them more income than letting it sit idle and wait for it to increase.

hakanbalta577

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Quote from: tampazeus on October 20, 2016, 12:53:51 PM

Quote from: utkarshm on October 20, 2016, 12:30:00 PM

If you have the knowledge of investements or you have a good and trustable advisor in investement field then it is always better to invest the money and let them grow instead of wasting them only in saving.But if you dont know about it,then just keep saving them and wait for the right time.

Investment will grow your money in long run but that is possible only if you invest your money at a right place and before doing that you need to carry good research and choose different places to invest them.

Actually i depends on the thinking of a particular person,if he want to be safe then he would rather just save it or do a fixed deposit with it for 5-6 years and recieve a risk free small interest,but i believe in investement on things happening now,because i believe much profit can be achieved in short term also in trading or any thing good that interests you.

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Quote from: tampazeus on October 20, 2016, 12:53:51 PM

Quote from: utkarshm on October 20, 2016, 12:30:00 PM

If you have the knowledge of investements or you have a good and trustable advisor in investement field then it is always better to invest the money and let them grow instead of wasting them only in saving.But if you dont know about it,then just keep saving them and wait for the right time.

Investment will grow your money in long run but that is possible only if you invest your money at a right place and before doing that you need to carry good research and choose different places to invest them.

Knowledge and experience of course have to be when investing. However, you can invest and no experience if not risky or a little risky projects

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Quote from: utkarshm on October 20, 2016, 12:30:00 PM

If you have the knowledge of investements or you have a good and trustable advisor in investement field then it is always better to invest the money and let them grow instead of wasting them only in saving.But if you dont know about it,then just keep saving them and wait for the right time.

Investment will grow your money in long run but that is possible only if you invest your money at a right place and before doing that you need to carry good research and choose different places to invest them.

bitdumper

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i have observed that near about 75% people around the world will choose saving some short of money but the rest of them spend money without planning for a future or they just busy in trading or anything so yes saving is very effective i will also choose saving money

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Quote from: utkarshm on October 20, 2016, 12:30:00 PM

If you have the knowledge of investements or you have a good and trustable advisor in investement field then it is always better to invest the money and let them grow instead of wasting them only in saving.But if you dont know about it,then just keep saving them and wait for the right time.

The problem about investment even looking an amazing an potencial crypto coin or project there is always a huge risk around them, would be better start their own project, with that said, i do believe its time for save or start own projects.

utkarshm

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If you have the knowledge of investements or you have a good and trustable advisor in investement field then it is always better to invest the money and let them grow instead of wasting them only in saving.But if you dont know about it,then just keep saving them and wait for the right time.

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Quote from: chaosknight on October 20, 2016, 10:06:24 AM

Quote from: wxa7115 on October 20, 2016, 10:04:29 AM

Quote from: Legendaris on October 19, 2016, 07:37:09 PM

Saving currently isn't really interesting as a normal savings account gets you about 4% interest per year. if you have money that you'll not spend the comming years it can be set at 6-8% each year but the downside is that you can't acces your money for 5 years. Are you be patient with it?

Very few people are that patient when we take into account the low earnings and the long time that you need to be invested, how instable the current world economy is, and the fact that the investment could turn into a scam then I do not consider that to be a good business.

All investments are not scam and you can never have good and comfortable life in future if you will never invest, as there are many trusted investments like gold and real estates that can give you good profits in long term.

If you invest some bitcoin, for example, 10 bitcoins in the next few years, you might live a good life after.

chaosknight

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Quote from: wxa7115 on October 20, 2016, 10:04:29 AM

Quote from: Legendaris on October 19, 2016, 07:37:09 PM

Saving currently isn't really interesting as a normal savings account gets you about 4% interest per year. if you have money that you'll not spend the comming years it can be set at 6-8% each year but the downside is that you can't acces your money for 5 years. Are you be patient with it?

Very few people are that patient when we take into account the low earnings and the long time that you need to be invested, how instable the current world economy is, and the fact that the investment could turn into a scam then I do not consider that to be a good business.

All investments are not scam and you can never have good and comfortable life in future if you will never invest, as there are many trusted investments like gold and real estates that can give you good profits in long term.

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Quote from: Legendaris on October 19, 2016, 07:37:09 PM

Saving currently isn't really interesting as a normal savings account gets you about 4% interest per year. if you have money that you'll not spend the comming years it can be set at 6-8% each year but the downside is that you can't acces your money for 5 years. Are you be patient with it?

Very few people are that patient when we take into account the low earnings and the long time that you need to be invested, how instable the current world economy is, and the fact that the investment could turn into a scam then I do not consider that to be a good business.

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Quote from: needFREElunch on March 26, 2015, 09:43:59 AM

One of the better ways to invest money is to buy an ETF it is a bunch of stocks that you own a part of. They generally have a track record of growing 10% a year and they are considered safe investments.

This can be a good idea but need time for this and I also think that is a long term investment, I would go for investing in altcoins its maybe less more safe but it can really bring you some nice amounts.

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well the more you have the less you wanna spend or pay for..... this happens in real life they wanna get more soo thing again about it..... i know several people this way they have money and they begin for a discount..... the people who works to pay normal life dont ask for discount they just pay .Im pretty sure all money we have ,part of it must go into some investment ,if money doesnt circulate well it can be called dead money same as crypto.

Newcoins2020

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I think that investing into the bitcoin is way better because if you invest right now the profit will be good after a while, the price is going up.
The bitcoin is growing everyday and due to that I think it will go to a high amount, it gets more publicity so more users.

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Quote from: dezoel on October 20, 2016, 09:23:46 AM

Quote from: el kaka22 on October 20, 2016, 09:22:24 AM

Quote from: sunsilk on October 19, 2016, 12:11:21 AM

Quote from: digaran2 on October 18, 2016, 11:34:52 PM

Are they not 2 sides of the same coin? Investing is saving, and saving is investing...
Spending or Saving would be a question...

You have the point on it, because in crypto currency if you are going to save then you are already investing for your future.

Well that is going to be a good question for spending or saving. And I would go choose for saving and don't spend for the things that you don't need.

So that you are going to have good savings.

But it should be clearly known that while saving in ciryptocurrency can bring you profit, investing tends to be more profitable because in this regard you buying at low price and selling at higher price following market trend on daily basis unlike saving that you keep the coin and expect to sell in future date.

Holding bitcoin will give you good profits only if price goes higher in future but investing them in different alts will allow you to grow your coins and will also give regular profits.

well investing though would be a bit riskier than saving. so it would depend on the person's outlook to what's best to do with his money. if he has experience and if he knows how the market runs, then I think investing would be the better option. but you should really have both for good measure. investing to see your money grow, then savings just to be sure that you're safe if anything goes wrong

pinoycash

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Quote from: Rmanik on October 20, 2016, 08:22:21 AM

if you have proper knowledge about trading,i reccomended you for doing trade,its safe instade of invest.investment site are strongly ponzi/scam.safe money is better then investment.

Trading is very risky. its not for everyone. while investing in a ponzi website is not advisable. better is hold your coins, and think long term

dezoel

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Quote from: el kaka22 on October 20, 2016, 09:22:24 AM

Quote from: sunsilk on October 19, 2016, 12:11:21 AM

Quote from: digaran2 on October 18, 2016, 11:34:52 PM

Are they not 2 sides of the same coin? Investing is saving, and saving is investing...
Spending or Saving would be a question...

You have the point on it, because in crypto currency if you are going to save then you are already investing for your future.

Well that is going to be a good question for spending or saving. And I would go choose for saving and don't spend for the things that you don't need.

So that you are going to have good savings.

But it should be clearly known that while saving in ciryptocurrency can bring you profit, investing tends to be more profitable because in this regard you buying at low price and selling at higher price following market trend on daily basis unlike saving that you keep the coin and expect to sell in future date.

Holding bitcoin will give you good profits only if price goes higher in future but investing them in different alts will allow you to grow your coins and will also give regular profits.

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Quote from: sunsilk on October 19, 2016, 12:11:21 AM

Quote from: digaran2 on October 18, 2016, 11:34:52 PM

Are they not 2 sides of the same coin? Investing is saving, and saving is investing...
Spending or Saving would be a question...

You have the point on it, because in crypto currency if you are going to save then you are already investing for your future.

Well that is going to be a good question for spending or saving. And I would go choose for saving and don't spend for the things that you don't need.

So that you are going to have good savings.

But it should be clearly known that while saving in ciryptocurrency can bring you profit, investing tends to be more profitable because in this regard you buying at low price and selling at higher price following market trend on daily basis unlike saving that you keep the coin and expect to sell in future date.

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Quote from: Rmanik on October 20, 2016, 08:22:21 AM

if you have proper knowledge about trading,i reccomended you for doing trade,its safe instade of invest.investment site are strongly ponzi/scam.safe money is better then investment.

Its not mandatory that you have to invest only in online world, there are many physical places and products where you can invest your money as real life products holds lesser risks in compare to online investment sites.

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Quote from: Rmanik on October 20, 2016, 08:22:21 AM

if you have proper knowledge about trading,i reccomended you for doing trade,its safe instade of invest.investment site are strongly ponzi/scam.safe money is better then investment.

I think it depends on age. If you are young enough you can be more aggressive and take more risk which can get good returns; if you are old, you should and you have to be prudential and therefore saving money is a good way. Furthermore, nowadays investment is hard because of the to-be financial crisis. Investment in gold is a good way to profit. Wink

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if you have proper knowledge about trading,i reccomended you for doing trade,its safe instade of invest.investment site are strongly ponzi/scam.safe money is better then investment.

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