Savings during inflation - page 2. | Bitcointalksearch.org

Wong Gendheng

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Quote from: DevilSlayer on October 25, 2022, 11:23:30 PM

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Quote from: odunybiz on October 14, 2022, 08:26:10 PM

Quote from: jossiel on August 30, 2022, 03:05:18 AM

Savings in the bank guarantees interest but the thing is, you just can't keep up with the inflation.

You are right about getting interest in saved money in banks but this interest is too small when compared to the the rate of inflation.

watched a documentary that the banks are menting money during inflation
how did the banking system gained so much profit during that time? there is a great mind game behind it and banks must be appreciated for that

Banks controlled everything, specifically the FEDs. They control the economy or in other terms the World. They are the one who are printing the money that causes inflation to soar. It is the reason why we should not just become a normal person who can't do anything. We can beat the inflation or the market by making investments and not by saving.

Right, only with investment, we can fight inflation, saving at this time will not be able to compensate or exceed the inflation rate so that the best thing is to invest, of course for security, we must spread to many types of investment so that it is safer

DevilSlayer

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Quote from: odunybiz on October 14, 2022, 08:26:10 PM

Quote from: jossiel on August 30, 2022, 03:05:18 AM

Savings in the bank guarantees interest but the thing is, you just can't keep up with the inflation.

You are right about getting interest in saved money in banks but this interest is too small when compared to the the rate of inflation.

watched a documentary that the banks are menting money during inflation
how did the banking system gained so much profit during that time? there is a great mind game behind it and banks must be appreciated for that

Banks controlled everything, specifically the FEDs. They control the economy or in other terms the World. They are the one who are printing the money that causes inflation to soar. It is the reason why we should not just become a normal person who can't do anything. We can beat the inflation or the market by making investments and not by saving.

sukmo

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Inflation can be said to be a ghost or a real threat to all countries in the world and no one country wants to experience it, as for what inflation is? Inflation is an increase in the price of goods or services on an ongoing basis within a certain period of time, this increase does not only occur in one product or commodity, but covers several or almost all aspects.

This increase in the price of goods or services is the impact of rising production costs such as raw materials and labor wages.

And also another cause of inflation is the instability of the amount of demand and supply, as well as the level of circulation of money circulating in the community.

Well at this position I think saving and investing in assets such as finished products or stocks is always a better choice than saving money in the bank during inflation.

This is because the value of assets will increase over time, while the value of money stored in banks will decrease.

Ryu_Ar1

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Quote from: Cryptomultiplier on October 24, 2022, 01:42:02 AM

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Quote from: Ryu_Ar1 on October 23, 2022, 07:42:41 PM

snip

All this talk about savings better or not better than investing is honestly a 69 some personal application, if it is viewed more closely.
That is, it is dependent on the choice of an individual at a certain age and with a certain amount of income, to be able to comfortably save and invest as an occasion to do so arises.
A person who earns daily shouldn't be compared to that who earns weekly or the other who waits till the end of month to earn a wage/salary. They might all have different ideas on the concept of saving and investing.
Saving during inflation is good because if one is disciplined enough to keep aside a few from the bunch, now, while price is high, that means, when the prices become low, same discipline will make one prosperous with enough to invest in good ventures. However, how a person saves during these times could either make of one a profitable savings or not. It is better to decide on a medium beyond reach of ease of withdrawal and spending, with a probability of having yields once inflation period ends, and with security to a degree, that is why Bitcoins and other cryptocurrencies become adviced upon.

okay in this case I quite agree with what you say because it is true that this depends on how our perspective is whether we really want to save or invest.
And as I said before, saving is also something that is good to do because indeed we can have spare funds when there is something we don't want.
But looking at the current conditions, for example, we are currently saving in a bank and we get interest on our savings, that is indeed very good, but we know that this is not comparable to the inflation that occurs every year. So if there is a comparison between the increase in the price of goods and services, the money we save actually decreases in terms of value.

As for this investment, it may be a little different but indeed we must also be aware that the risks are also quite different and of course the investment risk is greater than saving.

eightdots

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Quote from: monineklutak on October 24, 2022, 08:52:56 AM

Quote from: Davian144 on October 24, 2022, 08:06:51 AM

Quote from: Gayong88 on October 24, 2022, 02:18:37 AM

Investing is not a safe thing because I think the situation is still changing always. If you want to invest money, you must be brave and careful. You will get risks but the invisible risk is always higher than we think. The best way to avoid risks is not to take the risk. So it's a good idea not to decide on your own to do something like making a risky investment.

If the best way to avoid risk is not to take any risks, then you will also gain nothing through investment or the like. Because all jobs in this world have their own level of risk and that needs to be understood before everyone makes a decision for anything including investment. So for the advice you give I think it's still not right to run. Because this is about the benefits that must be obtained with a smaller level of risk.

That's why we must really consider the risks before making a decision,
because basically the risk will always be there just how we react to it,
to make a big profit I think it has a big risk too and vice versa

We have to take the risk at a certain level. It is very difficult to achieve something without taking risks. The important thing is to determine the limits of this risk. There is no risk-free investment in this bad economy period. If our aim is to fight inflation without investing, I think this is not possible. The important point is that we should consider all the details before making a decision.

i agree with that;

Quote from: odunybiz on August 29, 2022, 06:20:49 PM

👉👉Unnecessary saving should be avoided. Savings should only be made from excess income which one doesn't need at that moment.

monineklutak

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Quote from: Davian144 on October 24, 2022, 08:06:51 AM

Quote from: Gayong88 on October 24, 2022, 02:18:37 AM

Investing is not a safe thing because I think the situation is still changing always. If you want to invest money, you must be brave and careful. You will get risks but the invisible risk is always higher than we think. The best way to avoid risks is not to take the risk. So it's a good idea not to decide on your own to do something like making a risky investment.

If the best way to avoid risk is not to take any risks, then you will also gain nothing through investment or the like. Because all jobs in this world have their own level of risk and that needs to be understood before everyone makes a decision for anything including investment. So for the advice you give I think it's still not right to run. Because this is about the benefits that must be obtained with a smaller level of risk.

That's why we must really consider the risks before making a decision,
because basically the risk will always be there just how we react to it,
to make a big profit I think it has a big risk too and vice versa

Davian144

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Quote from: Gayong88 on October 24, 2022, 02:18:37 AM

Investing is not a safe thing because I think the situation is still changing always. If you want to invest money, you must be brave and careful. You will get risks but the invisible risk is always higher than we think. The best way to avoid risks is not to take the risk. So it's a good idea not to decide on your own to do something like making a risky investment.

If the best way to avoid risk is not to take any risks, then you will also gain nothing through investment or the like. Because all jobs in this world have their own level of risk and that needs to be understood before everyone makes a decision for anything including investment. So for the advice you give I think it's still not right to run. Because this is about the benefits that must be obtained with a smaller level of risk.

ringgo96

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During inflation of course we always feel disadvantaged and the savings we have without the slightest increase in interest but the value of goods that continue to increase every year, so for those who can think about future needs that continue to change, investing is the right choice, and we just have to choose where we should be able to give benefits when we invest for the future, and currently investing in crypto is certainly the choice of many people because for the coming year it can always surprise us as users.

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Quote from: lienfaye on October 24, 2022, 02:31:16 AM

Well, every investment has risk regardless what investment it is or even you think the profit is guaranteed because there's no such thing. If you invest, be prepared because you can't expect the outcome will be positive always and this is the reason why you should only invest the money that you can afford to lose.

That's why even investing is a good to maximize your income it's still best to know the kind of investment that you'll be entering in and dont set your hopes high. Be wise and diversify if you can while saving some money for your future.

If I only invest the money I'm willing to lose, what should I do with the rest of the money? ) Some savings should always be available, but the bulk of your money should work and generate income. Here, everyone decides for himself how to diversify his investments in order to minimize risks. But still, most of your savings should be working, and only a small part should be available for unforeseen circumstances.

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Quote from: Gayong88 on October 24, 2022, 02:18:37 AM

Quote from: odunybiz on August 29, 2022, 06:20:49 PM

Lastly, investing is highly preferable to savings.

Investing is not a safe thing because I think the situation is still changing always. If you want to invest money, you must be brave and careful. You will get risks but the invisible risk is always higher than we think. The best way to avoid risks is not to take the risk. So it's a good idea not to decide on your own to do something like making a risky investment.

Well, every investment has risk regardless what investment it is or even you think the profit is guaranteed because there's no such thing. If you invest, be prepared because you can't expect the outcome will be positive always and this is the reason why you should only invest the money that you can afford to lose.

That's why even investing is a good to maximize your income it's still best to know the kind of investment that you'll be entering in and dont set your hopes high. Be wise and diversify if you can while saving some money for your future.

Gayong88

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Quote from: odunybiz on August 29, 2022, 06:20:49 PM

Lastly, investing is highly preferable to savings.

Investing is not a safe thing because I think the situation is still changing always. If you want to invest money, you must be brave and careful. You will get risks but the invisible risk is always higher than we think. The best way to avoid risks is not to take the risk. So it's a good idea not to decide on your own to do something like making a risky investment.

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Quote from: Ryu_Ar1 on October 23, 2022, 07:42:41 PM

Saving is indeed a good step but on the other hand what if it happens like this.

Actually I read this news a few months ago and the article even exists from 2021 but because I only think of it as a joke, especially since it is China, I ignore it.
But recently I read that they are already implementing and testing this in their digital currency.
Even though it was really hard for me to find information about this because it was really difficult to find news about China, but there were some things that I read about this.

So if this is indeed being held for paper money, can we still save? I personally prefer investing to saving although I still agree with saving but if I had to choose I would prefer to be in investing than saving.

that is right - saving money is more important than then spending - sometime people prefer to keep the plastic money rather than having money in purses.
The idea of investing is good but it is not always the fruitful thing.

All this talk about savings better or not better than investing is honestly a 69 some personal application, if it is viewed more closely.
That is, it is dependent on the choice of an individual at a certain age and with a certain amount of income, to be able to comfortably save and invest as an occasion to do so arises.
A person who earns daily shouldn't be compared to that who earns weekly or the other who waits till the end of month to earn a wage/salary. They might all have different ideas on the concept of saving and investing.
Saving during inflation is good because if one is disciplined enough to keep aside a few from the bunch, now, while price is high, that means, when the prices become low, same discipline will make one prosperous with enough to invest in good ventures. However, how a person saves during these times could either make of one a profitable savings or not. It is better to decide on a medium beyond reach of ease of withdrawal and spending, with a probability of having yields once inflation period ends, and with security to a degree, that is why Bitcoins and other cryptocurrencies become adviced upon.

Sebas.tian

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Quote

Savings can definitely help you a great deal, let us imagine a scenario when you won't have much saved money but would definitely have loads of commodities, which you can sell during inflation to somehow arrange it, but what you would need is a ' buyer ' during inflation this can be a problem as well therefore I do think you need to realize that no savings are unnecessary, ofcourse the money does not hold the same value as it did 10 years ago but it's still worth something, i always think that property investment would be a great deal! Since this would not only help you to have a better backup but at the same time it would also pave way for the future as well.
Invest in property
Invest in cryptocurrencies like bitcoins
Invest in education

I agree with you, investing in property, Bitcoin and education will really help you to have a beautiful hope in future because all those financial assets are good for humanity to improve higher on time in the community. Investing in Bitcoin in this bearish season will not make you feel bad when the price increase higher in the market than to help you make some money that will make you to prepare for another opportunity to come. I think, those that save their money on cryptocurrency investment will definitely achieve something good when the bearish market turn to bullish market soon.

og kush420

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Quote from: Maidak on October 09, 2022, 11:41:20 PM

Quote from: Jatiluhung on October 04, 2022, 03:50:35 AM

~snip~

and related to saving when inflation is indeed difficult to do. and very risky too if we save in the form of money. because the value of money will continue to decline over time. so it is not wise if we save money when inflation takes place. it's the same as intentionally we make the value of our assets evaporate.

As you said, what kind of assets should we save so that the asset value does not evaporate? If you save in bitcoin and the bitcoin price is now more than 70% off ATH, is that really the savings that keep you out of inflation? Once inflation rises, all commodities rise and riskier assets like bitcoin and gold inevitably fall. I feel that once inflation occurs it is inevitable, apart from saving fiat, and long-term investment, the only way to fight inflation in the short-term is to work hard, do more than usual, find more sources of income to fight inflation.

Saving is important in good days for the rainy days and in rainy day for the next day
So it better to have an emergency fund - and be prepared for the worse time - it happens once in a lifetime but it happens.

Ryu_Ar1

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Saving is indeed a good step but on the other hand what if it happens like this.

Actually I read this news a few months ago and the article even exists from 2021 but because I only think of it as a joke, especially since it is China, I ignore it.
But recently I read that they are already implementing and testing this in their digital currency.
Even though it was really hard for me to find information about this because it was really difficult to find news about China, but there were some things that I read about this.

So if this is indeed being held for paper money, can we still save? I personally prefer investing to saving although I still agree with saving but if I had to choose I would prefer to be in investing than saving.

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Quote from: uneng on October 14, 2022, 12:43:08 PM

The only currencies I'm trusting to hold are cryptocurrencies, and a little bit regretful already for not selling them last year. Fiat currencies we have to spend and invest in something solid which can gain value within time, that is what I have been taught despite inflation.

I've been following the strategy of rich folks and I've got one mistake of not having cash ready as this event isn't anticipated by me. Most of my investments are in cryptocurrencies and I've got not that much cash at all. Because if I've got, even if there's an inflation, it's the best time to buy other traditional assets for which some are starting to depreciate due to it.

Quote from: uneng on October 14, 2022, 12:43:08 PM

The sooner you learn this lesson the better, so you won't regret your decisions when you see the purchasing power of your savings decreasing considerably after a year or two.

Buy a house, an apartment, a piece of land (preferentially with water source) if you have enough money, but don't hold fiat for too long.

That's the other side that I can see if you've got cash ready, you're prepared to buy assets like real estates which can be used later for passive income through rental.

odunybiz

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Quote from: jossiel on August 30, 2022, 03:05:18 AM

Savings in the bank guarantees interest but the thing is, you just can't keep up with the inflation.

You are right about getting interest in saved money in banks but this interest is too small when compared to the the rate of inflation.

Fatunad

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Quote from: STT on October 14, 2022, 07:04:37 PM

Can I point out the obvious that we've been having inflation or losses in currency for (over)twenty years, its only been a question of how much small or large amounts lost to the money printing machines. Its quite obvious government deliberately overspend and make up the difference by creating more money and loading the loss of value on the back of currency holders. By far the greatest losses are borne by the common wage earner right at the bottom of the economic stack, they have the least assets and the greatest reliance on paper holding its value before they can spend it; where as those holding debt and/or with large working assets benefit massively from easy money policy.

Inflation does really give out advantage to those who do have long term debts and this is where most people doesnt really know about.Inflation do really give out that negative impressions and feels which most
people been seeing but they dont realize that real thing which it could really be an advantage if they do just know on what are the other things that they could really be able to deal with.
I dont save up on banks on fiat cash and i do rather be putting it on an investment or business which it could really make me sustain at least.
Well, it do depends on someones prerogative on what are the things that they would really be doing.

Theones

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Quote from: TribalBob on October 09, 2022, 10:44:24 AM

emergency fund = savings = monthly fund is all important in my opinion because it can be used at the right time. especially in times like this, inflation is getting worse in my country, making my savings as a helper to meet needs

also there is no use of making excessive excuses - there will be only one solution. and that is to have good money in hand so that you are at peace.
And only way to have financial freedom is to work hard and dont waste you time

STT

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Can I point out the obvious that we've been having inflation or losses in currency for (over)twenty years, its only been a question of how much small or large amounts lost to the money printing machines. Its quite obvious government deliberately overspend and make up the difference by creating more money and loading the loss of value on the back of currency holders. By far the greatest losses are borne by the common wage earner right at the bottom of the economic stack, they have the least assets and the greatest reliance on paper holding its value before they can spend it; where as those holding debt and/or with large working assets benefit massively from easy money policy.

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