Is it better to save money or invest it? - page 384.

randy8777

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Quote from: co5hike on September 05, 2016, 08:04:54 AM

Quote from: sobsitesearch on September 05, 2016, 08:01:49 AM

We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

Investment is risky but you need to take that risk at initial stage to get good profits in future, saving is safe and doesn't involve any risk but it will not allow you to grow your money in long run.

saving may seem safe to you, but you have to realize that when you just save, that you lose money. the reason is the low interest of around 0.4% in comparison to the 1.4% tax we have to pay over our wealth. that's a hit of 1% per year if you leave your money in your savings account. that's why people are forced to look for investments.

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Quote from: mark coins on September 05, 2016, 10:06:19 AM

Quote from: bamboylee on September 05, 2016, 09:44:33 AM

Quote from: martinacar on September 05, 2016, 04:01:07 AM

Depends on your goals really. But keeping money on a bank is a waste IMO. There are more the enough safe investments which give a higher return rate then what the bank gives. Investing in bitcoin might proof to be worth it for you, it was for me. Bitcoin was my first "investment" and it got me hooked.

Money on the bank is good for instant cash. You cannot get cash if you invested all your money and it is trapped in equity. Or if you invested on bitcoin, you do not want to get your money out while the price is down. I suggest you put some money on a bank for security, the rest you can invest wherever your hearts desire.

Yes the safest way to save money is to put them in banks as your money is secured with them and you can have money in your hand whenever you want and same doesn't go with investments.

banks are usually really safe though if i could choose i would go with bitcoin wallet to avoid banking and their huge fees for nothing

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Quote from: stromma44 on September 02, 2016, 11:09:49 AM

Quote from: gabmen on September 02, 2016, 11:04:07 AM

better to invest your money with investment that you know that there's a big potential to grow because just by saving it no profits will be earned, that's the practical things that needed to consider investment always gives you profit in the end.

Not all investments are profitable they may give you loss in long run, as investment involves risk but we should take risk in order to get some good returns in future.

In order to make profits from the investment it is very important to do proper study or research. Without proper study any investment result to a big loss but I am agree with you in order to earn more we have to take risk. So the best thing is always invest that you are able to lose and always save some money for emergency.

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Quote from: resilientknight on September 05, 2016, 11:45:02 AM

It's important to invest, but also is important to save money, with saving you can make sure you will not lose your money when investing in something.

You should simply say that he should save his money to be invested later, is that what you are saying or not?
Well i personally believe that investing is better as just saving wont earn you anything but if you invest it with some research and reading you would probably do good with it.

springgers

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Investing it in good investments "BTC being one but of course not a considerable size of your investment portfolio".. keeping the money without an investment specially if in a devaluating economy would mean losing a percentage of the value of the money every year.

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Quote from: resilientknight on September 05, 2016, 11:45:02 AM

It's important to invest, but also is important to save money, with saving you can make sure you will not lose your money when investing in something.

You are not clearing yourself well that what you are trying to say, are you saying that investing is good but saving is better because you wont lose if you save? Or are you saying that when investing somewhere you should be careful so that you dont lose your money? But that would be called to make your money safe, but saving money is another thing which means to keep them somewhere to be used in future.

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Quote from: tabas on September 05, 2016, 11:58:57 AM

Quote from: resilientknight on September 05, 2016, 11:45:02 AM

It's important to invest, but also is important to save money, with saving you can make sure you will not lose your money when investing in something.

My mother told me that if you are going to be a good saver for sure you are going to be a good investor. Why? Because if you are able to value the money that you are saving then for sure you are going to value more the profit that you are going to get from your own investment. It is a stepping stone if you are going to save money first.

Yeah, saving should be our primary concern as if your income is dependent on day job then you need to save a part of salary on regular basis and once you have enough a small part of it should go to investment.

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Quote from: resilientknight on September 05, 2016, 11:45:02 AM

It's important to invest, but also is important to save money, with saving you can make sure you will not lose your money when investing in something.

My mother told me that if you are going to be a good saver for sure you are going to be a good investor. Why? Because if you are able to value the money that you are saving then for sure you are going to value more the profit that you are going to get from your own investment. It is a stepping stone if you are going to save money first.

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It's important to invest, but also is important to save money, with saving you can make sure you will not lose your money when investing in something.

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Quote from: co5hike on September 05, 2016, 08:04:54 AM

Quote from: sobsitesearch on September 05, 2016, 08:01:49 AM

We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

Investment is risky but you need to take that risk at initial stage to get good profits in future, saving is safe and doesn't involve any risk but it will not allow you to grow your money in long run.

of course it is risky, all investment options are risky and can turn out in a bad way though bitcoins are worth all the risks and i think that it will give me profit

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Quote from: saiha on September 05, 2016, 10:10:35 AM

Quote from: co5hike on September 05, 2016, 08:04:54 AM

Quote from: sobsitesearch on September 05, 2016, 08:01:49 AM

We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

Investment is risky but you need to take that risk at initial stage to get good profits in future, saving is safe and doesn't involve any risk but it will not allow you to grow your money in long run.

Investments are going to be always risky and there is no safe investment at all. If you are going to invest you are going to accept the fact that it is going to be profit or loss.

But for me, It is going to be better if you are going to do both of it. As you are saving you are also investing but if you want to that both.

You can just simply hold your bitcoins as it is already considered savings and investment.

The moment we start to take a risk, there is a big chance that we can be rich in the future, no one has become rich or having a financial freedom just saving his income for a longer period of time, and for me that is playing safe which I do not like as I love challenges in life.

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Quote from: co5hike on September 05, 2016, 08:04:54 AM

Quote from: sobsitesearch on September 05, 2016, 08:01:49 AM

We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

Investment is risky but you need to take that risk at initial stage to get good profits in future, saving is safe and doesn't involve any risk but it will not allow you to grow your money in long run.

Investments are going to be always risky and there is no safe investment at all. If you are going to invest you are going to accept the fact that it is going to be profit or loss.

But for me, It is going to be better if you are going to do both of it. As you are saving you are also investing but if you want to that both.

You can just simply hold your bitcoins as it is already considered savings and investment.

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Quote from: bamboylee on September 05, 2016, 09:44:33 AM

Quote from: martinacar on September 05, 2016, 04:01:07 AM

Depends on your goals really. But keeping money on a bank is a waste IMO. There are more the enough safe investments which give a higher return rate then what the bank gives. Investing in bitcoin might proof to be worth it for you, it was for me. Bitcoin was my first "investment" and it got me hooked.

Money on the bank is good for instant cash. You cannot get cash if you invested all your money and it is trapped in equity. Or if you invested on bitcoin, you do not want to get your money out while the price is down. I suggest you put some money on a bank for security, the rest you can invest wherever your hearts desire.

Yes the safest way to save money is to put them in banks as your money is secured with them and you can have money in your hand whenever you want and same doesn't go with investments.

bamboylee

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Quote from: martinacar on September 05, 2016, 04:01:07 AM

Depends on your goals really. But keeping money on a bank is a waste IMO. There are more the enough safe investments which give a higher return rate then what the bank gives. Investing in bitcoin might proof to be worth it for you, it was for me. Bitcoin was my first "investment" and it got me hooked.

Money on the bank is good for instant cash. You cannot get cash if you invested all your money and it is trapped in equity. Or if you invested on bitcoin, you do not want to get your money out while the price is down. I suggest you put some money on a bank for security, the rest you can invest wherever your hearts desire.

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Quote from: Doms on September 05, 2016, 08:11:20 AM

Quote from: JumperX on September 05, 2016, 07:22:42 AM

Quote from: phreaky on September 05, 2016, 04:36:06 AM

It is allot saver to save your money at the bank because then you know that it is save but with investing you do not have that.
With investing it can always happen that you do not get your money back.

You need to do proper research before investing and if you want to reduce risk then you should invest in different products, and in saving you cannot expect profits in future as you will be holding same amount in future too.

Your patience will be tested would investments that are safe but yield very little in the short term. If you are holding divedend stocks, those are good investments for people who are rather conservative. For those risk takers, there are stocks that are from small startup companies that give yields overnight. But these can be the same with bitcoin in terms of risks associated because any gains you get today can get wiped out if you don't monitor your stocks.

The reality is every investment has a risk, the more the return is promising the bigger the risk. For people who are just living a simple life and are ambitious enough to have a comfortable life in the future, it is just right to take the risk and I mean a bigger risk for a bigger reward, and no other investment for that but bitcoin.

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Quote from: JumperX on September 05, 2016, 07:22:42 AM

Quote from: phreaky on September 05, 2016, 04:36:06 AM

It is allot saver to save your money at the bank because then you know that it is save but with investing you do not have that.
With investing it can always happen that you do not get your money back.

You need to do proper research before investing and if you want to reduce risk then you should invest in different products, and in saving you cannot expect profits in future as you will be holding same amount in future too.

Your patience will be tested would investments that are safe but yield very little in the short term. If you are holding divedend stocks, those are good investments for people who are rather conservative. For those risk takers, there are stocks that are from small startup companies that give yields overnight. But these can be the same with bitcoin in terms of risks associated because any gains you get today can get wiped out if you don't monitor your stocks.

co5hike

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Quote from: sobsitesearch on September 05, 2016, 08:01:49 AM

We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

Investment is risky but you need to take that risk at initial stage to get good profits in future, saving is safe and doesn't involve any risk but it will not allow you to grow your money in long run.

BingoDog

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I would say that investing is a type of saving. You invest some extra money that you have a side and you don't need it. Thus you earn some more and you can also save more. And you don't need the dead capital that would just sit idle somwhere with no use of it. So, invest your money!

sobsitesearch

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We need to have both than to choose the one because both are same great and it will gives you great income in the future, but we need to invest only the amount that we can afford to lose.

JumperX

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Quote from: phreaky on September 05, 2016, 04:36:06 AM

It is allot saver to save your money at the bank because then you know that it is save but with investing you do not have that.
With investing it can always happen that you do not get your money back.

You need to do proper research before investing and if you want to reduce risk then you should invest in different products, and in saving you cannot expect profits in future as you will be holding same amount in future too.

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