Is it better to save money or invest it? - page 667.

Xenoph0bia

hero member

Activity: 966

Merit: 501

Quote from: knowhow on July 22, 2015, 09:51:03 PM

the only bank i believe at the moment is blockhain ,that one i can left my bitcoins and return anytime it will have the same ammount a fee wont be deducted all months on it,soo small ammounts worth to be invested ,my sugestion is crypto ,can buy old coins or try new coins but must be wise and play with small ammounts,protecting your money if turn into a dead coin.

Yes we have our own bank and we are the boss. So why should we invest in other banks who will take care of our money. Here we can take care of our money and use it whenever required. And it is better to save money in bitcoins and use it as and when required.

knowhow

hero member

Activity: 560

Merit: 500

the only bank i believe at the moment is blockhain ,that one i can left my bitcoins and return anytime it will have the same ammount a fee wont be deducted all months on it,soo small ammounts worth to be invested ,my sugestion is crypto ,can buy old coins or try new coins but must be wise and play with small ammounts,protecting your money if turn into a dead coin.

wearepoor

hero member

Activity: 784

Merit: 500

Quote from: arallmuus on July 22, 2015, 07:01:16 PM

Quote from: notlist3d on July 22, 2015, 03:44:01 PM

Keeping money in a savings account it pays a tiny tiny amount of interest. I would not recommend it as an investment.

Saving your money isnt a form of investment because the interest earned is pretty much low, even if you compound them over for a year period then you will get the interest rate will be lower than the yearly inflation rate .
That means you are losing money each time you save them up, however atleast you are exposing your funds to a smaller risk . On the other hand there is always a safe deposits which could be consider as a form of investment, kinda combination of both saving and investing

Yes and saving in a bank is not a good option as it doesn't pay you great returns. Rather I would choose to keep my money safe in mutual funds as the returns are more than a normal interest rates of the bank and if it is market based then depending on the market will get the returns.

arallmuus

legendary

Activity: 2562

Merit: 1414

Quote from: notlist3d on July 22, 2015, 03:44:01 PM

Keeping money in a savings account it pays a tiny tiny amount of interest. I would not recommend it as an investment.

Saving your money isnt a form of investment because the interest earned is pretty much low, even if you compound them over for a year period then you will get the interest rate will be lower than the yearly inflation rate .
That means you are losing money each time you save them up, however atleast you are exposing your funds to a smaller risk . On the other hand there is always a safe deposits which could be consider as a form of investment, kinda combination of both saving and investing

prodigy8

hero member

Activity: 532

Merit: 500

Quote from: knowhow on July 22, 2015, 05:48:09 PM

save money isnt any investment is the easy way to earn income without do nothing besides deposit ,soo when we take the money we have the power to choose our investments without doesnt know where it is invested,soo invest always better results ,search invest and never invest more then can afford to loose since the risk raises as the investment returns offers.

if you have small money to invest then i would suggest immediately, invest as much as you think that you can afford to lose

knowhow

hero member

Activity: 560

Merit: 500

save money isnt any investment is the easy way to earn income without do nothing besides deposit ,soo when we take the money we have the power to choose our investments without doesnt know where it is invested,soo invest always better results ,search invest and never invest more then can afford to loose since the risk raises as the investment returns offers.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: BTCevo on July 22, 2015, 03:04:33 AM

Quote from: pureelite on July 21, 2015, 07:50:55 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

So you are suggesting on keeping money? I think if you know how to invest and get a solid investment I dont think those will hurt you. Like you said if we are keeping on money without doing anything with it the value will decrease and you will suffer more than that. So get a good investment is the best for increasing your value and sure you will get some profit too and one more thing remember to diversify it to lower your risk on losing all of your money

Keeping money in a savings account it pays a tiny tiny amount of interest. I would not recommend it as an investment.

There are many regular investments that have less risk. If you talk to a financial advisor they can help with low risk, and not huge reward investments.

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: Dotakels on July 22, 2015, 10:53:16 AM

Quote from: pureelite on July 21, 2015, 07:50:55 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

not all investment has been successful and keeping your money not lose its value, In investment you can lose money because of its risk and in saving you can save here in bitcoin just exchange your fiat money into coins then keep it into your wallet now inflation can't affect the value of your money.

Investment in stocks or gold is bit risky as it doesn't guarantee you a success, So at present investing in bitcoins is one good option as you can convert it to fiat anytime when you want, and you will do it only the value of bitcoins goes high, and other investment would be in real estate as the prices keeps on increasing day by day.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: pureelite on July 21, 2015, 07:50:55 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

not all investment has been successful and keeping your money not lose its value, In investment you can lose money because of its risk and in saving you can save here in bitcoin just exchange your fiat money into coins then keep it into your wallet now inflation can't affect the value of your money.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: techgeek on July 20, 2015, 11:12:27 PM

Quote from: d5000 on July 19, 2015, 07:21:17 PM

"Saving" is investing without knowing where your bank puts the money.

If you have the time and knowledge, you should clearly invest. If you don't have it, then saving is still not a bad option.

In cryptocurrencies, if you don't have time to look for good investments, look at concepts like Proof of Stake and Proof of Burn.

Invest in what though?

Stocks? I have a friend who makes 80k through daytrading and he does nothing with it, but to daytrade even more and leaves it in there since ameritrade gives you 1% lol.

then he is addicted to money, the whole point of being rich is to reach a target and retire, without the need to work anymore on soemthing that you don't like

saving too much it's useless if in the end you will not use those money, money are meant to be used, at least 50% should be used and 50% saved

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: pureelite on July 21, 2015, 07:50:55 PM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

So you are suggesting on keeping money? I think if you know how to invest and get a solid investment I dont think those will hurt you. Like you said if we are keeping on money without doing anything with it the value will decrease and you will suffer more than that. So get a good investment is the best for increasing your value and sure you will get some profit too and one more thing remember to diversify it to lower your risk on losing all of your money

knowhow

hero member

Activity: 560

Merit: 500

what i meaned is oldest has more experience soo they invest at what they believe and bitcoin isnt there yet we will see that happen on the next years when youngers will start talk about it like whats app become viral now all people use it,soo we have a road to achieve those knowledge and experience people.

pureelite

sr. member

Activity: 434

Merit: 250

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss.

torrentheaven

hero member

Activity: 952

Merit: 1000

Quote from: knowhow on July 21, 2015, 05:44:50 PM

one thing is sure the olders persons doesnt like such inovation soo invest for them is far away as you said youngs always take the risks and if loose they will recover since they can keep working and get those health back,but there is the sharks of investing are the oldest people more knowledge and they make it almost at low low risk investments and the return from them is the same of youngers that choose the high risk,because they usually has more money.

I Agree. Experience of the older person comes into play when it comes to make an good investment as they are more experienced and they have sound knowledge of where to invest and when to invest? But the fact is they will never invest in such a product which they haven't heard say bitcoins. They will never experiment with their investments.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: stromma44 on July 21, 2015, 04:05:34 PM

Quote from: ajun96 on July 21, 2015, 07:22:58 AM

Quote from: arallmuus on July 20, 2015, 07:55:10 PM

Quote from: knowhow on July 20, 2015, 04:36:37 PM

soo invest is the best way

Depends on what you mean by the words "way" . It actually depends on how you want to "keep" your money. Some people just love to keep them for the sake of security and some people "keep" them in a way to get more . Not everyone is into investing because you are exposing your funds into something with higher risk. Saving on the other hands is exposing your funds to risk as well however the risk is pretty much smaller if you compare it to investing

so true,
saving money or investing, having your own risk
depending you choose to dare to invest with greater risk
or save you money with little risk
they have their respective advantages,

because I'm the one who dared to take risks, I choose to invest hahaha
how about you ?

Investment is always a better option as compared to the savings. And at the younger age you can afford to take the risk where you know even if your investment was not a successful decision you start working hard on making money and wont repeat the same mistake in coming future as you cannot afford to take any risk at the older age.

hahaha you know what my age is 63 years, is too old right ?
to dare to take risks should not young age

knowhow

hero member

Activity: 560

Merit: 500

one thing is sure the olders persons doesnt like such inovation soo invest for them is far away as you said youngs always take the risks and if loose they will recover since they can keep working and get those health back,but there is the sharks of investing are the oldest people more knowledge and they make it almost at low low risk investments and the return from them is the same of youngers that choose the high risk,because they usually has more money.

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: ajun96 on July 21, 2015, 07:22:58 AM

Quote from: arallmuus on July 20, 2015, 07:55:10 PM

Quote from: knowhow on July 20, 2015, 04:36:37 PM

soo invest is the best way

Depends on what you mean by the words "way" . It actually depends on how you want to "keep" your money. Some people just love to keep them for the sake of security and some people "keep" them in a way to get more . Not everyone is into investing because you are exposing your funds into something with higher risk. Saving on the other hands is exposing your funds to risk as well however the risk is pretty much smaller if you compare it to investing

so true,
saving money or investing, having your own risk
depending you choose to dare to invest with greater risk
or save you money with little risk
they have their respective advantages,

because I'm the one who dared to take risks, I choose to invest hahaha
how about you ?

Investment is always a better option as compared to the savings. And at the younger age you can afford to take the risk where you know even if your investment was not a successful decision you start working hard on making money and wont repeat the same mistake in coming future as you cannot afford to take any risk at the older age.

knowhow

hero member

Activity: 560

Merit: 500

most of us invest since we have some saved and we wanna to raise it to a big ammount the thing is when we start it is very hard to try to stop,my goal is 50k dollars if i reach it i will reinvest to reach 75k and keep raise my target ,becames a vicious way not very wealthy but if i can do that my self why should i let my money in other hands like bank?

ajun96

hero member

Activity: 658

Merit: 500

Quote from: arallmuus on July 20, 2015, 07:55:10 PM

Quote from: knowhow on July 20, 2015, 04:36:37 PM

soo invest is the best way

Depends on what you mean by the words "way" . It actually depends on how you want to "keep" your money. Some people just love to keep them for the sake of security and some people "keep" them in a way to get more . Not everyone is into investing because you are exposing your funds into something with higher risk. Saving on the other hands is exposing your funds to risk as well however the risk is pretty much smaller if you compare it to investing

so true,
saving money or investing, having your own risk
depending you choose to dare to invest with greater risk
or save you money with little risk
they have their respective advantages,

because I'm the one who dared to take risks, I choose to invest hahaha
how about you ?

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: d5000 on July 19, 2015, 07:21:17 PM

"Saving" is investing without knowing where your bank puts the money.

If you have the time and knowledge, you should clearly invest. If you don't have it, then saving is still not a bad option.

In cryptocurrencies, if you don't have time to look for good investments, look at concepts like Proof of Stake and Proof of Burn.

Invest in what though?

Stocks? I have a friend who makes 80k through daytrading and he does nothing with it, but to daytrade even more and leaves it in there since ameritrade gives you 1% lol.

Topic: Is it better to save money or invest it? - page 667. (Read 1181208 times)