Is it better to save money or invest it? - page 413.

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Quote from: greBit on August 10, 2016, 07:38:09 AM

Quote from: dunfida on August 10, 2016, 07:20:31 AM

Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

Thats the right decision on things that you arent sure what would be your decision, if you decide to invest then you must know the risk involved into it and you are ready or prepared on what cicumstances that would happen in the future but if youre afraid to risk then it good to save your money as also others said.

Do you really think that saving will really help you in long run? If you are not aware about the market or investments then you can always take an guidance from financial experts before investing.

Everyone with an opinion and Internet access considers himself to be a financial expert

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Quote from: dunfida on August 10, 2016, 07:20:31 AM

Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

Thats the right decision on things that you arent sure what would be your decision, if you decide to invest then you must know the risk involved into it and you are ready or prepared on what cicumstances that would happen in the future but if youre afraid to risk then it good to save your money as also others said.

Do you really think that saving will really help you in long run? If you are not aware about the market or investments then you can always take an guidance from financial experts before investing.

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Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

Thats the right decision on things that you arent sure what would be your decision, if you decide to invest then you must know the risk involved into it and you are ready or prepared on what cicumstances that would happen in the future but if youre afraid to risk then it good to save your money as also others said.

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Quote from: eddyubachs on August 10, 2016, 06:53:49 AM

Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

Saving is good but it will not make you rich in future and even your savings will not be worth in future as you also should think of inflation rate at that time, savings will not help your money to grow.

Saving money is not equal with saving currency!!
Gold and silver can be money!It had been that for thousands of years in the past.
Bitcoin is money!
So don't make the mistake and mix currency with money!There are two completely different things!

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Quote from: goldcoinminer on August 10, 2016, 07:08:21 AM

Quote from: Master_dandosha on August 10, 2016, 06:55:53 AM

I think it is better to save 25 % of money in any means bitcoin\Gold\Bank and invest the rest 75% in something that really you know about in real life .
Thank you

I think that is too much for an investment, remember that basic rule in investing that we should only invest what we can afford to lose and that should be lower than our savings for future emergencies, leisure, and others combined. Investing in bitcoin is promising but still very risky so we should not go all in.

I think it should be 60/40 ratio, 60% should go in saving and rest 40% should be in investment as if your investment clicks then even 40% can give you best returns and if it goes other way then 60% saving will take care of you in your tough times.

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Quote from: Master_dandosha on August 10, 2016, 06:55:53 AM

I think it is better to save 25 % of money in any means bitcoin\Gold\Bank and invest the rest 75% in something that really you know about in real life .
Thank you

I think that is too much for an investment, remember that basic rule in investing that we should only invest what we can afford to lose and that should be lower than our savings for future emergencies, leisure, and others combined. Investing in bitcoin is promising but still very risky so we should not go all in.

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Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

The thing is, playing too safe sometimes are boring and those who does not take risk will not be rich in life. Only those who knows how to take the risk can easily identify the opportunity and that is bitcoin for now which is a big opportunity for me, investing in it is very risky but has a good promise of return in the future.

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I think it is better to save 25 % of money in any means bitcoin\Gold\Bank and invest the rest 75% in something that really you know about in real life .
Thank you

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I believe that if you see a good opportunity and have available capital you should give it a try, but using only what you can afford to lose and, of course, having a good risk management.

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Quote from: needyou on August 10, 2016, 06:48:47 AM

As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

Saving is good but it will not make you rich in future and even your savings will not be worth in future as you also should think of inflation rate at that time, savings will not help your money to grow.

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Quote from: umaOuma on August 10, 2016, 06:32:16 AM

Quote from: mirakal on August 10, 2016, 04:25:13 AM

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Quote from: goldcoinminer on August 10, 2016, 03:57:07 AM

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Quote from: freedomgo on August 10, 2016, 02:09:17 AM

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Quote from: skysblu on August 09, 2016, 11:53:34 AM

of course investing it to trading is the best decision possible right now

I do partly agree with you but upon doing everyday the best thing you need to do is by keep on saving if you have bitcoins you can just do single savings because investing is going to make you some good profit but when it collapse and you don't have savings to support for it. You are just going back to zero if it happens.

Our income should be divided into two, we should not only focus on investment alone as that is too risky therefore not advisable, we should make sure we have something to save before we are going into investing otherwise we are risking the whole thing.

Saving is an basic necessity, even people who believes in investment also saves some money for the time of emergencies so if investment goes wrong in future we can get support from savings.

It is definitely true, saving is a basic necessities nowadays because we do not hold the future, emergencies do happen so we need to prepared for that and we can only to that if we have our savings to take care of such emergency.

Yeah in savings you have access to your funds 24/7 which is not possible with investments as if you withdraw your investments before its maturity then you will go through losses.

it is, savings is necessary because there are times that we are in desperate need of money, without our savings we cannot do any action to resolve the problem. Savings is not actually a one time activity, rather it is a continuous practice that requires discipline to succeed.

Yeah saving requires great level of self discipline and self control to not to spend on useless things, we need to postponed unwanted expenses which will help in saving descent amount of money.

Even if you have a self discipline and control but your salary or earnings are just right to sustain your needs in daily living then it would be really hard to save money since you would need to use it in order to live especially if you have a family. Well, if youre a smart person then you would probably search for things that would give you some extra money so that you could save up for future.

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As we all know, the risk is proportional to income, if you don't want to take too much risk, then you should choose to save.

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