Wise thing to do with your savings. - page 17.

ShineftChaos

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I LOVE ADABS

Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

I prefer investing on bitcoins if i have a decent savings because the growth of this coin is fast since it has more potential rather than altcoins that did not have a good amount of investors.

laravuemaster

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When Football meets Crypto

Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

In my own opinion i prefer to hold my coins for a long time because i have a corporate job and that is the reason why long term investment is a good decision for me.

Walionn

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The wisest thing for me that you can do in your savings is to invest, but always remember, you must always make a decision that will help you now and in the future. You must have strong thinking so that your savings are preserved, and make profit wherever you place them.

dat.ho12492

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Activity: 378

Merit: 1

Quote from: gioangelofelix on August 10, 2018, 08:54:12 AM

The wise thing to do with your savings? Well if you want to regrow your savings then invest it to something that is not volatile like stocks. However it would take you so much time before it increases unlike in cryptocurrency the price grows so much but the decrease of its price is also faster.

So it's all up to you what are the wise thing to do with your profit.

1. Withdraw it and use it.
2. Save it.
3. Invest to stocks.
4. Invest to cryptocurrency.
5. Just let them be in your wallet for future use/ Emergency money.

We do have different decisions from this, well i'm just giving you an idea on what are the wise thing to do with your savings. If you're contended with your savings then just let it be in your wallet because if you do something to it like investing to stocks or cryptocurrency there's a high chance that it will reduce or lose your savings, so you better be responsible with your actions.

I never liked the idea of investing in securities and cryptocurrency, things are very dangerous and not easy, we should choose simpler options, if we want to be safe, we can save for the future or if we like freedom in finance and have many business ideas, we should take advantage of that to create a personal business, risk is relative but success will bring a stable source of income, these are the choices that I feel are most suitable for everyone

Wajan

newbie

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what I did with my savings was to buy coins with prices going down, then I would buy as much as I could, and I would do long-term trading.

gioangelofelix

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Activity: 336

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The wise thing to do with your savings? Well if you want to regrow your savings then invest it to something that is not volatile like stocks. However it would take you so much time before it increases unlike in cryptocurrency the price grows so much but the decrease of its price is also faster.

So it's all up to you what are the wise thing to do with your profit.

1. Withdraw it and use it.
2. Save it.
3. Invest to stocks.
4. Invest to cryptocurrency.
5. Just let them be in your wallet for future use/ Emergency money.

We do have different decisions from this, well i'm just giving you an idea on what are the wise thing to do with your savings. If you're contended with your savings then just let it be in your wallet because if you do something to it like investing to stocks or cryptocurrency there's a high chance that it will reduce or lose your savings, so you better be responsible with your actions.

heninur

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Activity: 490

Merit: 100

Quote from: carlozharz on May 25, 2018, 03:58:41 AM

I think allocating 20% of emergency savings to invest in cryptocurrency is worth a try, although a little risky but worth doing, you should choose the right investment, you can also try on short term deposits and expect a little interest, or you invest your money in stocks return the profit briefly.

right, investing in crypto is very risky, and we can lose that money. we must really think well if we want to invest the money we have, so we don't regret it if something unexpected happens. if we already have a big intention, then we can try to invest 20% of our money, to get a profit.

Eigig

newbie

Activity: 126

Merit: 0

The wise thing to do with your savings is to try to invest a part of it in bitcoin and and the other part just keep it for future use, then manage your bitcoin investment and try to evaluate if your investment is gaining ,and then the other part of your saving can be added to your bitcoin investment or invest in other business.

Chapman.S

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Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

I guess that most people here are more into crypto than the stock market, but there's a fairly safe option on the stock market you could look into. Investing works best when you make decisions based on rules. There is a simple investment strategy call the Dogs of the Dow. The idea is just that on January 1st you split the money you want to invest equally in the top 10 highest yielding stocks of the Dow Jones Industrial average. The next year you just sell the ones that are no longer in the top 10 and split the money up between the new top 10. You can see how this strategy has performed over the years on this site: http://www.dogsofthedow.com/. It does better than any mutual fund will.

jo123

newbie

Activity: 126

Merit: 0

I think that instead of saving our money, we should invest our money in other places such as bitcoin, ethereum, gold or real estate. By investing your money like that, you have a chance to multiply your balance to many times. Therefore, dont waste your money on bank, try to buy something or invest in something.

jo123

newbie

Activity: 126

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I use my savings as "emergency funds" where if only I have no choice and then there is something important to buy like necessities in home or I have to go to the grocery, I have no choice but to use my emergency fund but there is also an alloted money that is only for savings because I have a goal each year that I have to travel to another city from our country to explore and be a tourist.

jo123

newbie

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The wise thing to do with your saving is to invest it in an asset with stable monetary values in the economy. I talk about the stable prices because investment in an asset having stable prices remains secured and offer great return in future. Besides, you can also invest in crypto currency but you need to have good market knowledge about that as well as about the technology.

jo123

newbie

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It is very important to save something against rainy day, no one know what can happen with us in future so it is good to save something for our bad days of life, investing your money is best choice for us to save our money for our future, we should save our money in form of bitcoin as bitcoin use to increase in price but money holding is not good as it will remain the same even after holding it thousands of years so investing in bitcoin and save your money for your future.

jo123

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MAybe the common advice is to run a business so that it will be profitable but also many people forgot that they must be intellectual when they start creating their business to avoid possible losses. and the best way to save more is to manage your saving even better for the future. Give time on thinking the purpose of what you saved so you could earn more in the future by giving a part of your earning on new investment that you could manage. Just like in trading its is always better to have an option for us to earn and make a wise decision on choosing the track you would take for you to be successful in life.

gurang

jr. member

Activity: 350

Merit: 2

Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

wise thing you must do is to think wisely, you can do that if you have a knowledge and you must trust on yourself to overcome it without regret

mark 6

newbie

Activity: 50

Merit: 0

I have been investing in crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make.And i belive i will get my reward very soon. Lips sealed

acsaocham22

newbie

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I like the concept of the 20% method, but in that 20%, I only spend half to invest in Cryptocurrency because the main reason is the risk of Cryptocurrency.

Fitrilalala

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The Exchange for EOS Community

I do my own way to manage my money, i believe only use 20% max of your money on investment 10% for something you love 40% should be for your future. 10% for unexpected condition that could happen to you and the rest may use for living. Money management is really important but you need to understand how to safe money while you can enjoy the life you live in.

WellDogeo

newbie

Activity: 113

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I am a person who likes to invest so I will invest in investments that can generate passive income with my savings. This investment is less profitable but it is quite safe.

Barcode_

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Quote from: teleted on August 10, 2018, 04:02:51 AM

If you want to get rich quick you must plan the use of your time. It doesn't matter if you get paid by commission or by flipping houses in a hot market. Planning allows you to get rich quick.

There is never a way to get rich fast in this world, unless the person is super lucky to be able to strike a huge windfall on the state lottery or winning himself huge amount of money in a casino overnight on a lucky winning streak, all investments needs careful planning and another key factor would be patience.

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