Topic: Savings Vs Investment? - page 21. (Read 7226 times)
The funds should be doing something - that's for sure. I know that there are a lot of different stupid books and guides from various business trainers with silly pieces of advice on that matter. Despite that let your own money be spent on smth profitable even if not in the crypto.
Savings are for those poor and middle class people only. If you want to become rich, let the money work for you.
When I was a kid, many are saying that saving money is good for the future but as I see how the economy works I don't think that saving is good right now. Inflation is slowly increasing and the buying power of our money is slowly increasing.
I think between the 2, investing is way better than saving and can give you more profit in long run.
When I was a kid, many are saying that saving money is good for the future but as I see how the economy works I don't think that saving is good right now. Inflation is slowly increasing and the buying power of our money is slowly increasing.
I think between the 2, investing is way better than saving and can give you more profit in long run.
Both are necessary, if you like to have a good life in the future in terms of financial status.
Saving alone would not help you to become successful, unless you are having a job with a very nice salary, but only few have that opportunity and people changes their lifestyle as well based on the amount they are making, but if you will be able to save and invest, that will make you a discipline man and you'll become more futuristic.
Saving alone would not help you to become successful, unless you are having a job with a very nice salary, but only few have that opportunity and people changes their lifestyle as well based on the amount they are making, but if you will be able to save and invest, that will make you a discipline man and you'll become more futuristic.
investing is good i did a lot in stock market and as brought a good profits also now i have made divided investments in both crypto and stocks
Savings is okay but investment is better. As far as I know, investment nowadays is very popular. If we just know how, when and what to invest we can move forward in our life. People are choosing investments now rather than savings. We can take a risk to invest and it will give us the benefits we are aiming to. Crypto investments for example, if we know what coin we should invest and when is the time to buy, we can gain more profits from it. We can actually take advantage of the volatility of the crypto market.
The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
Yes we know how it works! fiat is very vulnerable to inflation, especially if you are in a poor country, saving fiat is not a good idea, the cost of living will be more expensive, the cost of goods will be more expensive while your fiat money will remain same, I prefer investment because it is safer for your value money But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
The risk factor when someone choose a saving for his money is inflation, as you may know the price stuff will never same per years even when we come to new year the price stuff will be increase in price whilst your money ramaining same in value. Gold and land are the best safe to make a choose for investment place, I never heard the price of gold down drastically in a few hours or even in a few days. Its price is so stable, you can use gold for an investment place although you sell it one day or five day you bought it because you need money for something that you not guessed. Saving money in bank or another place is an old way, the revolution has been changing you need change your mind you to the new system.
If you are rich and you want to save it you still rich, but investment can make you richer and if you are ordinary people you can earn money but you need to search about the investment that is good your money like investing in altcoins and the bitcoin which is less risk than the other investment. Both savings and investment needed to do.
I don't see for bitcoin to be less riskier than other investment.When it comes to potential profits then bitcoin would give it but doesn't mean that it do have less risk than on other investment.People do need to save and its up to them if they would plan to invest for having more money but well it always tied up with the chance on losing
them than on earning so its a matter of choice.
If you are rich and you want to save it you still rich, but investment can make you richer and if you are ordinary people you can earn money but you need to search about the investment that is good your money like investing in altcoins and the bitcoin which is less risk than the other investment. Both savings and investment needed to do.
Investment is the best option if you wish to earn a profit in the future while holding. Compared to saving, you can't earn money from letting your money into sleep. But of course, you have to first know the risk of investing before you actually do it because many have tried but few were succeeded.
Savings can always melt, especially if they are used very often, and if you make a smart contribution to bring in passive income, then it is much better. It seems to me that you need to choose the option when you can get a steady income.
Investments are better because they are aimed at making a profit. We can say that this is the same saving money, but with a profit. However, there are risks in investments too.
I prefer doing both, I invest fiat in cryptocurrencies, and I save them (I mean holding). There are so many good and promising coins which have good prices like BTC and ETH for example. I believe holding such coins is the best way to make a good earning in the long run.
Recently, I have been considering investments in those Coins, which not only bring me profit through long-term storage, but also bring dividends for freezing such coins or blocking them on their resources. On this issue, I have repeatedly studied the information, and I see that such projects are very relevant, such as 888 token.
Question is what kind of "saving" you have in mind. Some "savings" can be "investments" at the same time, for example, if you chose to "save" in bitcoins. Savings like investments are risky. If you choose some fiat currency you are facing with inflation, your saving will lose value over time, with the gold situation is a bit different, price rise slowly so your saving can have a higher value over time.
My opinion is clear, I don`t like to have money just sitting, doing nothing. Do something with it, so it can work for you, having more investments, savings will make your financial future much safer and more promising.
My opinion is clear, I don`t like to have money just sitting, doing nothing. Do something with it, so it can work for you, having more investments, savings will make your financial future much safer and more promising.
I was 100% into saving but this didn't make me earn more.
My friend was keep investing and now he is so far ahead of me. Actually, he is already 10x ahead. I believe that it is best to invest your money than saving them.
You make it sound like you and your friends are competing with each other for who ends up with the best returns. I'm not sure what your friend invested in, but 10x your money seems quite a risky move. It could also end with a loss.My friend was keep investing and now he is so far ahead of me. Actually, he is already 10x ahead. I believe that it is best to invest your money than saving them.
The thing with most people here is that they have a bias towards Bitcoin (also applies to me), which is understandable but when asking what the best is to do with your money know that the answers you'll be getting are very one-sided.
Overall, I think everything is better than being conservative or risk averse and stick to saving for peanuts interest rates. We're already at a stage where some banks work with negative interest rates. It's a guaranteed way to lose money.
Banks give some interest on special accounts. That kind of interest is still not enough though and could be affected by inflation.
Investment is definitely your best bet which is unfortunately risky. It's better investing in the less risky things like the best stocks, real estate, precious metals etc
I think bitcoin deflationary model is fantastic. Unfortunately there is no guarantee that price will keep going up long-term. But this uncertainty can be fixed and will likely make bitcoin way more popular.
Investment is definitely your best bet which is unfortunately risky. It's better investing in the less risky things like the best stocks, real estate, precious metals etc
I think bitcoin deflationary model is fantastic. Unfortunately there is no guarantee that price will keep going up long-term. But this uncertainty can be fixed and will likely make bitcoin way more popular.
I was 100% into saving but this didn't make me earn more.
My friend was keep investing and now he is so far ahead of me. Actually, he is already 10x ahead. I believe that it is best to invest your money than saving them.
My friend was keep investing and now he is so far ahead of me. Actually, he is already 10x ahead. I believe that it is best to invest your money than saving them.
Both are good storage but there are many differences, and investment is far better than savings because it is possible that investment in storage will be added automatically there will be an increase invested and profitable.
saving is fixed storage and there are no additions automatically and will increase if added by the owner.
saving is fixed storage and there are no additions automatically and will increase if added by the owner.
The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
Investments and savings are almost a like when we talk about cryptocurrency,because HODLING is a form of investments and also considered as Savings since you are saving crypto assets for the future.and you can enjoy life without spending your savings because you can allot some amounts to justify your needs for happiness without using your savings But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
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