Is it better to save money or invest it? - page 699.

GreenStox

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Quote from: gongomanny on May 02, 2015, 05:42:48 PM

I would consult a good investment banker about investment opportunities as it is their job to make sure your money grows.

Well i would not Cheesy

Their job is not to make your investment grow, but to tell you a ponzi scheme derivative to invest in, while they will preposition themselves, and take the opposite direction trade Cheesy

Thats what they always do in boiler rooms like our banking cartel.

gongomanny

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Like what Warren Buffet said, "Never depend on single income. Make investment to create a second source," but he also said “Do not save what is left after spending, but spend what is left after saving.”

So, if you have a limited amount of money, then save for some time until you have enough excess money that you have enough to sustain yourself and enough to spend. Take that excess money and invest it in good places so that your wealth will grow. I would consult a good investment banker about investment opportunities as it is their job to make sure your money grows. If you invest the money you live on, you might lose it and fall into debt.

scryptasicminer

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Investing usually carries higher risk than saving. Hence better reward.

Dotakels

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Quote from: Amph on May 02, 2015, 10:05:41 AM

Quote from: BillyBobZorton on May 02, 2015, 09:57:07 AM

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Quote from: gripflierGO on April 29, 2015, 03:46:30 PM

Saving is an good option..that will help you to invest in future.. atleast make a plan that you can save a part of your salary which gonna be helpful to you to invest.
If you dont save how you gonna invest?? And if you can directly invest ie if you are rich enough then why you need to save?? you can directly go for an investment.

Some people actually dont save. Theres situations like people who win a lottery, or take over their daddys company at the age of 21.

Of course these are all special situations, and not applied to the 90%, but to comment on the rich not needing to save is a bit naive as well. I know a fellow friend save just as well much with investing cause incase the investment does go bad or for future loss being covered.

True some people actully no need to save because they already got what they want but still they need saving too for their future if suddenly in one day you loss your in you investment, altough you are rich may be in one day your money will be all gone and this saving will help you but it can't provide all of your loss, at least it can help you a little bit

That is exactly my points. Even if it will not help you or you dont need it for investment still you have a money if your money in investment will gone. It may help you to have a financial and make a business if you dont like business invest again.

I dont think saving will not help you because it is your money that you cut from your own salary and try not to use it so it will be useful in the future. But that saving is only thing that you can get by collecting in a long time and you need to try to invest on something good. But its just lke a gamble, if it gone then it will gone forever

No. Savings will great help even if you losses your money in investment still you try to invest and if you dont try how you will know that your money will loss or earn a profit? If you not save and you spend all of your salary monthly how you can get a money if you need it for emergencies or other purpose? Think of that, think if savings will not help us in the future.

I Agree.
If you have habbit of saving from the initial stage you will be holding great fund in future. So even if your investment goes wrong you atleast have something which can earn you living in future. If you have saved something that would be helpful for you at the time of emergencies.

Theres no negative in savings. Savings are so very helpful to people who dont know what they are goin to do with their salary and your saving will be safe if you put it in the bank. It may avoid lost and it may avoid the possible things that will happened to your money

The problem is when banks start to stop being as safe as we previously thought. Banks can crash, bailout, get robbed, and negative interest is a bitch. So unless you really need it, you should do something with your money and not only keep it on the bank, unless you are rich enough to make decent gains from simple interest rates.

you don't necessarily need to store them in your bank account, you can leave them in your house in a safe box underground, well hided, the same thing you will do with a paper wallet...

the problem with fiat is that you can't save them for long time without losing value, because of the fact that bank keeps printing those like mad childrens, you a re obbligated to invest in something

bitcoin instead is already an investment, because it has a store of value property

But if you invest you wonr assure that your money can earn a profit , it may loss. And thats right the valued of the fiat money are decreasing as time passes by. If your money is $70 and you save it and you put it in your storage in your house after a year the value of your $70 maybe its only 65 dollars.

Amph

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