Is it better to save money or invest it? - page 387.

drwtsn32

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Quote from: gkv9 on August 29, 2016, 02:19:28 PM

Investing nowadays is much better if you would compare it to savings, as investments are returning great...
I invested my money in XMR (Monero) and never thought that it would just get spiked above 600% and I got my investment's return...
I invested too much less, but happy already with what I got...

I would like to congratulate this man for being successful in his investment.
The important thing here is courage. That is something I don't have. I'm afraid that my money may just lose its value if I invested it in some new altcoins. You have my admiration man.

freedomgo

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Quote from: d-trix on September 01, 2016, 10:45:40 PM

Quote from: Zooplus on September 01, 2016, 09:38:38 PM

Quote from: Doamader on September 01, 2016, 09:22:59 PM

Quote from: uname on September 01, 2016, 06:52:05 PM

Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

agree I think you have to have some money saved first before trying to invest? after you have saved money. I can assure that you could invest in a few percent of your money

The big problem around savings is usally when you see a great opportunity you will try to invest all at once, and collect the results taking the risk. Sure your savings will make the difference on your results but altcoin market is very hot will you resist that opportunity to grow your bitcoins?

Of course we need to take the risk because it is our chance to see our money grow, rich people do risk to make more money so there is no reason for us not to take the risk because we want to have a comfortable life in the future and we cannot achieve that by working alone.

We should have the same mindset of the rich rather than mindset of the poor, investing wisely is really the key for us to have a bright future.

Poor are just being contented with the amount of money they are earning in their job but rich people always takes the risk because they have big ambition in life and they want to achieve everyone's dream which is the financial freedom.

d-trix

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Quote from: Zooplus on September 01, 2016, 09:38:38 PM

Quote from: Doamader on September 01, 2016, 09:22:59 PM

Quote from: uname on September 01, 2016, 06:52:05 PM

Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

agree I think you have to have some money saved first before trying to invest? after you have saved money. I can assure that you could invest in a few percent of your money

The big problem around savings is usally when you see a great opportunity you will try to invest all at once, and collect the results taking the risk. Sure your savings will make the difference on your results but altcoin market is very hot will you resist that opportunity to grow your bitcoins?

Of course we need to take the risk because it is our chance to see our money grow, rich people do risk to make more money so there is no reason for us not to take the risk because we want to have a comfortable life in the future and we cannot achieve that by working alone.

We should have the same mindset of the rich rather than mindset of the poor, investing wisely is really the key for us to have a bright future.

Zooplus

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Quote from: Doamader on September 01, 2016, 09:22:59 PM

Quote from: uname on September 01, 2016, 06:52:05 PM

Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

agree I think you have to have some money saved first before trying to invest? after you have saved money. I can assure that you could invest in a few percent of your money

The big problem around savings is usally when you see a great opportunity you will try to invest all at once, and collect the results taking the risk. Sure your savings will make the difference on your results but altcoin market is very hot will you resist that opportunity to grow your bitcoins?

Of course we need to take the risk because it is our chance to see our money grow, rich people do risk to make more money so there is no reason for us not to take the risk because we want to have a comfortable life in the future and we cannot achieve that by working alone.

Doamader

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Quote from: uname on September 01, 2016, 06:52:05 PM

Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

agree I think you have to have some money saved first before trying to invest? after you have saved money. I can assure that you could invest in a few percent of your money

The big problem around savings is usally when you see a great opportunity you will try to invest all at once, and collect the results taking the risk. Sure your savings will make the difference on your results but altcoin market is very hot will you resist that opportunity to grow your bitcoins?

uname

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Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

agree I think you have to have some money saved first before trying to invest? after you have saved money. I can assure that you could invest in a few percent of your money

CloudStrife

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It is very important to have reserves for future needs, but if the money is all in fiat, the inflation may affect the purchasing power of your reserves.
So consider investing part of it, in BTC for example, to compensate the inflation and for potential profits.

randy8777

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Quote from: GregH37 on September 01, 2016, 10:07:16 AM

Quote from: Maslate on September 01, 2016, 08:39:20 AM

You cannot proceed to investing if you do not have the capacity to save, saving is the main thing before your can start investing as your capacity will be determine on your discipline to save so focus on savings for the mean time.

100% correct mate. if somone is not able to save his money he can't invest at any way.
because saving is recommended for investment as you said. investment need capital, without capital investment is not possible and saving make you able to get capital. so both are important.

the first priority of saving money is to have money aside for when you need it. if you have that, and even more alongside that, then you can use that "more" part for investment purposes. it shouldn't be that when you are using your saved money for investment purposes, that you don't have anything left for emergencies and stuff.

stromma44

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Quote from: groll on September 01, 2016, 10:13:15 AM

Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

Of course we cannot do both things if we do not have the source of it - money. I may disagree a bit with what you said that the money should be atnleast enough to partly save. I heard about money management like that and they said that it shoild always be saving first and the excess would be alloted for expenses.

Yes saving should be our primary concern and once you have saved descent amount of money you can start with small investments at initial stage to get benefits in future.

groll

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Quote from: mantra on September 01, 2016, 08:45:26 AM

u must have money before you invest, your money should be at least enough excess to partly save and partly investment

Of course we cannot do both things if we do not have the source of it - money. I may disagree a bit with what you said that the money should be atnleast enough to partly save. I heard about money management like that and they said that it shoild always be saving first and the excess would be alloted for expenses.

GregH37

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Quote from: Maslate on September 01, 2016, 08:39:20 AM

You cannot proceed to investing if you do not have the capacity to save, saving is the main thing before your can start investing as your capacity will be determine on your discipline to save so focus on savings for the mean time.

100% correct mate. if somone is not able to save his money he can't invest at any way.
because saving is recommended for investment as you said. investment need capital, without capital investment is not possible and saving make you able to get capital. so both are important.

useless4

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Quote from: Shibashi Dogemoto on September 01, 2016, 08:08:08 AM

Quote from: Ziskinberg on September 01, 2016, 07:58:26 AM

Saving is my priority now because I have been working for many years and yet I was not able to save a good amount of money for the future of my family. I need to take the opportunity to invest now and thanks to bitcoin for giving me the opportunity to invest and make income.

With bitcoin you can also save and invest at the same time, if you have money to invest in bitcoin then that is the best investment to make and whatever amount of coins you are earning should be saved for future.

you are right, the bitcoin is really safe currency to put your money into it because it can grow and it is impossible to be hacked to be honest

Positid

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Quote from: Noctis Connor on September 01, 2016, 09:04:55 AM

Quote from: Fatanut on August 31, 2016, 08:17:48 AM

If you have the skills, then investing your money would be really better than just hoarding your money. Otherwise, you should just leave your money alone and save them for the future. Investment doesn't always return profit to you but if you're pretty excellent at something and you want to start making money by offering a service but you need a capital, then you should invest on that. You have the power to control if you'll get profit or not since you're the one who's doing the service.

That;s right if you have skills on trading then why don't you try to do this activity it is good to increase your bitcoin or it easy to grow your bitcoin, and if you are going to leave your money then try to invest it so that it can grow more, don't mind the gambling because in gambling there's no guarantee that you are going to win .

Trading is not an easy job and it has a little similarity with gambling because you need money to make money and as long as there is money involved that is too risky on your part, you better do it right or else you will also lose your money.

Noctis Connor

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Quote from: Fatanut on August 31, 2016, 08:17:48 AM

If you have the skills, then investing your money would be really better than just hoarding your money. Otherwise, you should just leave your money alone and save them for the future. Investment doesn't always return profit to you but if you're pretty excellent at something and you want to start making money by offering a service but you need a capital, then you should invest on that. You have the power to control if you'll get profit or not since you're the one who's doing the service.

That;s right if you have skills on trading then why don't you try to do this activity it is good to increase your bitcoin or it easy to grow your bitcoin, and if you are going to leave your money then try to invest it so that it can grow more, don't mind the gambling because in gambling there's no guarantee that you are going to win .

mantra

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u must have money before you invest, your money should be at least enough excess to partly save and partly investment

Maslate

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You cannot proceed to investing if you do not have the capacity to save, saving is the main thing before your can start investing as your capacity will be determine on your discipline to save so focus on savings for the mean time.

rababo

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Both are important. We need to save money in case you need it when we face emergency situation, so we won't be afraid for not have money. We also need to spare some of our money to put it on investment program, so that we can get some interest payment. This way we can increase our savings. So I always prefer to invest my money on trusted avenues instead of keeping it idle on my bank account.

Shibashi Dogemoto

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Quote from: Ziskinberg on September 01, 2016, 07:58:26 AM

Saving is my priority now because I have been working for many years and yet I was not able to save a good amount of money for the future of my family. I need to take the opportunity to invest now and thanks to bitcoin for giving me the opportunity to invest and make income.

With bitcoin you can also save and invest at the same time, if you have money to invest in bitcoin then that is the best investment to make and whatever amount of coins you are earning should be saved for future.

vasrasus

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It's always better to save when you know or you don't enough trust some sites. Better really is to invest in bitcoin for it guarantees ones earning to doubled or be multiple just make sure that you do some research in bicointhat you'll be investing too.

Ziskinberg

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Saving is my priority now because I have been working for many years and yet I was not able to save a good amount of money for the future of my family. I need to take the opportunity to invest now and thanks to bitcoin for giving me the opportunity to invest and make income.

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