Is it better to save money or invest it? - page 462.

gerXhonza

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Quote from: Xenophoto on June 17, 2016, 12:51:32 AM

If you want your money the way it was when you left it, then save it. But if you want your money to become much more than when you left it, then invest it. It is not advised to invest it in some "legit" investment sites out there. Maybe used it as a capital for a business or something that you know will surely grow and wouldn't eventually scam you. Although if you're just going to invest it in something dumb, then you better just save your money.

I think it depends on individual that what level of risk he can afford to take, if he wants to play safe then saving is the best option and if he wants to multiply his money then he need to take risk by investing.

Xenophoto

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If you want your money the way it was when you left it, then save it. But if you want your money to become much more than when you left it, then invest it. It is not advised to invest it in some "legit" investment sites out there. Maybe used it as a capital for a business or something that you know will surely grow and wouldn't eventually scam you. Although if you're just going to invest it in something dumb, then you better just save your money.

torrentheaven

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If you prefer to save money then I think you should save your money in bitcoin on regular basis, as it will be always better in compare to saving in fiat, as there is no presence of inflation in bitcoin.

Schuyler

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Quote from: Corenin on June 16, 2016, 11:46:05 PM

Quote from: Dakron on June 16, 2016, 10:23:36 PM

Both is better first you need is to invest your money but you will invest what you can afford to lose then all the profit will gain of your investment you'll need to save it or you reroll it for much better income in your investment.

To be honest if you want to invest your money the basic step is to save your money first, if you have good capital then only you would be able to invest in future, so both of them are really important.

That is quite correct. A lot of people make the mistake of investing first before saving. Saving for at least 6 months worth of living allowance would be enough. Then if that is covered already, that is the time to put money into investments, either low, medium or high risk, whichever would suit their risk profile.

Corenin

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Quote from: Dakron on June 16, 2016, 10:23:36 PM

Both is better first you need is to invest your money but you will invest what you can afford to lose then all the profit will gain of your investment you'll need to save it or you reroll it for much better income in your investment.

To be honest if you want to invest your money the basic step is to save your money first, if you have good capital then only you would be able to invest in future, so both of them are really important.

sobsitesearch

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If you do not know that saving and investing your money is something that could be done with a same action? If you invest your money, you are actually saving it as well because what you invest in means that thing is yours and it is definitely your money so it is actually a same action though people dont understand it and think it is different.

Dakron

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Both is better first you need is to invest your money but you will invest what you can afford to lose then all the profit will gain of your investment you'll need to save it or you reroll it for much better income in your investment.

boyptc

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Quote from: jakelyson on June 16, 2016, 05:51:40 PM

Quote from: randy8777 on June 16, 2016, 10:14:51 AM

Quote from: Hashminers on June 16, 2016, 09:36:02 AM

One of the problems with saving your money with a bank is that the small amount of interest you get from them right now does not out pace inflation so you will be losing money the longer you money is in the bank just because of inflation alone.
You would be losing even more money if you account in the opportunity cost of the investments you could have made with the money while it is in the bank.

this week there was a complete news item about people removing a large percentage of their savings to use that money for investment purposes. the low interest rates are a reason for that, but also the fact that some backs even consider to charge negative rates on savings accounts. that to me doesn't make any sense. how much more want banks to squeeze out people? it's just insane.

Any link on this news? So we can check the authenticity of this news. I do not think banks will make that move, charging negative interest. Who will put their money on a bank that will charge you negative interest? That is just insane. You don't money in the bank to lose it, you put it there for safe keeping.

The bank really is the most legal institution of money stealer from their clients. Since they are permitted by the gov't to operate.
Of course the gov't has share for it, so for me it is always been better to save money in your own piggy bank. Even there is no interest adding up
to your savings. But it is much more safe in it.

jakelyson

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Quote from: randy8777 on June 16, 2016, 10:14:51 AM

Quote from: Hashminers on June 16, 2016, 09:36:02 AM

One of the problems with saving your money with a bank is that the small amount of interest you get from them right now does not out pace inflation so you will be losing money the longer you money is in the bank just because of inflation alone.
You would be losing even more money if you account in the opportunity cost of the investments you could have made with the money while it is in the bank.

this week there was a complete news item about people removing a large percentage of their savings to use that money for investment purposes. the low interest rates are a reason for that, but also the fact that some backs even consider to charge negative rates on savings accounts. that to me doesn't make any sense. how much more want banks to squeeze out people? it's just insane.

Any link on this news? So we can check the authenticity of this news. I do not think banks will make that move, charging negative interest. Who will put their money on a bank that will charge you negative interest? That is just insane. You don't money in the bank to lose it, you put it there for safe keeping.

saiha

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Quote from: Bitcoinbro on June 16, 2016, 01:56:50 PM

All I would do is save it right now to wait on the right moment to invest and make a lot of profit on a future moment, right now buying is not good due to the price.

Me either, this is what I'm saying that it is better to save first and just wait for the right time , moment for the update of the price of bitcoin.
And once the price is very satisfying then that's the right time to invest.

worhiper_-_

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From my experience i have seen that , saving money is not such a good idea if you want something more than what you already have.
Short answer:Invest it in any way possible you can.
Long answer: Its a big dilemma for all of us. should we save and wait for an opportunity? or should we invest and risk? my answer is that opportunity awaits to those who seek it. So yeah you should definitely go and invest it. maybe you lose ,maybe you win.But thats life.
Good luck!

nizamcc

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Had been purchasing bitcoins since few months with 5% of my salary each month, I believe it won't give me much, but something is better than nothing.

Currently, investment is better than saving in my opinion.

Bitcoinbro

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All I would do is save it right now to wait on the right moment to invest and make a lot of profit on a future moment, right now buying is not good due to the price.

SilverPunk

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Quote from: greBit on June 16, 2016, 10:37:03 AM

I am investing my money in bitcoin since last year, and see now I am enjoying huge profits, investment is always better then saving, if you invest in right product at right time then you can expect good returns.

Wow, if i can go turn back time and to know bitcoins more early i can invest too my money .unlike now i already invest my money on some local investment in my country.

serjent05

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I think it is better to invest money than saving them. I don't know why people think of HYIP's and Ponzi company as the only option for investment. There are lots of investment to choose from. and from the definition, investment : the action or process of investing money for profit or material result if you buy Bitcoin today and hold it for another week and there is raise in value and you sold it for profit, that is investment with profit. If you can do it yourself why trust another person to hold your money and just return the fraction of it? And besides saving in bank have risk too. There are cases where banks got bankrupt and shutdown with their client's money.

harizen

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Quote from: pearl11 on June 16, 2016, 10:36:10 AM

Investing at this time is very risky, because some investment site turns into scam while we are waiting for the hlving.
What more if halving started? Thats why saving is the best option for now,..safe and nothing to worry.

Then why invest in those investment sites if there's an other way??

Also saving and investing both has risk associated with it.

Please keep in mind that your $1 today is not the same in value of $1 in the future.

BombayChicken

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Saving right now is better because of the fact that the bitcoin is already high buying now is not the smartest thing for sure.

rio3233

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Quote from: greBit on June 16, 2016, 10:37:03 AM

I am investing my money in bitcoin since last year, and see now I am enjoying huge profits, investment is always better then saving, if you invest in right product at right time then you can expect good returns.

Wow, 1 year investment on bitcoin, you will earn a lot of bitcoins soon, because the price of bitcoin is really high and expensive now. I think it's better to invest it on bitcoin now.

greBit

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I am investing my money in bitcoin since last year, and see now I am enjoying huge profits, investment is always better then saving, if you invest in right product at right time then you can expect good returns.

pearl11

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Investing at this time is very risky, because some investment site turns into scam while we are waiting for the hlving.
What more if halving started? Thats why saving is the best option for now,..safe and nothing to worry.

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