Is it better to save money or invest it? - page 706.

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Quote from: Dotakels on April 16, 2015, 03:20:10 PM

You can also earn big profit in banks by using the compound interest. People know that if you let your money in bank it will gain a very small profit ,but if you use a simple interest you will earn a small profit but if you use the compound interest it will doubled or triple your money because of that interest.

Of course in like 200 years sure.

I hardly doubt that with 0.25% yearly interest you will double your money very soon lol...

Dotakels

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Quote from: dothebeats on April 16, 2015, 02:14:39 PM

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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?

Investment is a kind of savings. If you are doing savings then you can not keep it in the cash form with you. You will have to invest it in Fixed deposit, Real state, gold or shares, etc.

~~Investment is a kind of savings~~ I disagree with that because, investing have a risk that your money would be lost or earn a profits. Also investing take too much time than saving. Saving takes 3-5 years before you stop to save (it depends on your salary every month) but in investing takes 10-15 years depends on the contract and the company (you wouldn't assure that your money can earn or will be lost its) its 50%-50%. And f you invest you can earn more profits by using the compound interest it can earn more profit as years passes by than simple interest.

Not totally true. There are some investment tool available which has zero risk and will give you return in 3-5 years as well. That will totally depends upon the risk profile of the individual and his requirements.

Yeah theres some but its hard to find that company that zero risk. And if its only 3-5 years you profit is not high because your time is not so long and it depends on the interest of that company where your profit are big or small.

many banks offers 1-3% max of annual interest, but you need to freeze your account for one year, they should be pretty safe as far as i know, it's not like playing ponzi with bitcoin for sure...

but overall is a very tiny amount, not sure it worth it to freeze your account for one year, i know that i won't do that...

But the interest is so low. If i invest i would not invest to the company that have only 1-3% because after 5-10 years my profit will be small and the interest is only simple interest . If the interes is compound and its annual interest is 1-3% i think i will invest, because it compound interest and assure to myself that i will earn a big profits.

not after 5-10 years but after 1 year only, if you invest 100k and you lock them in those bank, they give you 1k-3k usd/euro, it's not that bad at the end, although still too low for many

Yeah its too low. You invest 100k and you only earn per year is 1-3k? No one invest in that situation. Your 100k are in the risk that it may loss and you invest it to earn only 1-3k per year? No one businessman or woman will agree with that.

Actually, what you are saying in here is too far from what Amph really said. Putting your money in a bank and freezing it for a year will net you 1-3% of whatever amount you've deposited in there. Putting your money in a bank and expecting annual interests doesn't have that much risks compared to when you invested your money in a business. The difference is that you'll get a low return for putting your money in a bank, but it's better than getting nothing.

On a side note, people aren't contented even though they literally have everything and anything they want. A man will always find something greater and beyond his reach, which I think is pretty pointless.

Sorry maybe i just miss interpret. Frezzing your money in the bank with 1-3% net income have no risk so its better than business because business that take too much time have a risk . So it better to freez than to invest in a business.

Well you're starting to be confused on what you stand for. Leaving your money in a bank seems to be a surefire way for you to get some little profit, but if you did take time to research and ask people, those money in your bank could actually grow A LOT. There are a lot of opportunities out there that can yield you higher profits, but with it comes risks that--as much as possible--we try to avoid. If you did your homework and researched thoroughly, looking through different information and asking different people, you might lessen or decrease risks that are inclined with investments. With that said, having a well-planned investment is far better than letting your money sitting in a bank doing nothing and giving you a ridiculously small gain every year.

You can also earn big profit in banks by using the compound interest. People know that if you let your money in bank it will gain a very small profit ,but if you use a simple interest you will earn a small profit but if you use the compound interest it will doubled or triple your money because of that interest.

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