Wise thing to do with your savings. - page 55.

syamster

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Quote from: jcarlo on June 11, 2018, 12:32:36 AM

Quote from: verziagra on June 11, 2018, 12:11:17 AM

Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.

Better keep divide our saving to invest and emergency matters. We never know how crypto market works and we know that cryptocurrency market is high risk investment. Better divide our money in saving and investing on crypto

There is no more risk, and if you will keep your money saved as it is them it will not grow and you won’t be able to get profit holding money is useless it only makes our money get rusted but investing your money specially bitcoin will makes it so high and you will see it getting high more than double only if you hold it for one or more years, buying now will be the best choice because price now a day is very low that we can buy bitcoin easily and get our profit from it so invest your saving as much as possible.

rmel0924

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

If I have that money save, I will split this I will save 20% for my emergency fund, 50% for investments, 30% for personal savings. Investments can really give more profit thus making our money grow but we need to make almost 100% sure that the investment we are going to join is pretty good and can really give us earnings. There are lots of promising investments but there are also a lot of scams investments so we need to be wise in selecting the good one.

Lophuong

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yes I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.

chromosomes

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Always leave something from your saving while spending some of it for investments so that you won't end up short if ever your investment fails. Be smart with the way you hold your money so that it can still grow over time instead of spending it on temporary things. If you are going to be careless, don't expect to have that much savings in the future.

BurakXel

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The money that you have saved up for emergency funds will just hold on it there, for the times in need you can get it anytime., Try to allocate some portion of your money for investment and when you invest think wisely.

Dayan1

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Quote from: Babyhouse on June 13, 2018, 09:24:32 AM

Wisest thing to do with your savings is to invest it on altcoins. In this way you could find multiple times of profit.

I think it not a good way , You should diversify your savings , for example if you really wanted to invest in bitcoin any other crypto currency you should first think if it is worth it and not just that , you should allocate some funds in your emergency funds, it is important to have emergency money so when the times comes and you need money urgently you wouldn't have to rely on your investment as an option to satisfy your needs.

Janation

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Quote from: Babyhouse on June 13, 2018, 09:24:32 AM

Wisest thing to do with your savings is to invest it on altcoins. In this way you could find multiple times of profit.

I think that is a funny if you are in my shoes since my savings are my altcoins. I've invested on some altcoins in the past and I am holding them until now. I have some money that I am saving in a bank though I don't want to use that money since I will be using it when there are some emergencies that happened. I will be selling my altcoins when the time comes that the price is really good.

Babyhouse

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Wisest thing to do with your savings is to invest it on altcoins. In this way you could find multiple times of profit.

keeee

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Quote from: Umar001 on June 13, 2018, 02:48:42 AM

The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.

Yes it was good to put our savings to investment to get more profit. For me the wise thing to do was to balance it and divide into different things like some of it in investment, the others for important things, for emergency and the rest was for the preparation for your future. Because wants we have savings we dont need to worry when future comes to us.

Zachwolf

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Quote from: bitmover on May 25, 2018, 12:51:32 PM

Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Emergency fund should be just enough to pay all your costs to 3-6 months.

After you build your emergency fund, you can to diversify your portfolio in Stocks, Bonds and even small amounts in crypto, depending on your risk appetite.

Savings is for future. All we wants and need someday will rely on it. Spending on the right time and have a valued for you is the best thing/move to do with it. So don't waste our savings.

Barcode_

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I believe it would always be better to do investment with the extra spare money you can afford rather than putting all of it with the banks as the saving interests of the banks are usually very low, and that is the reason why many investors are getting interested to invest into crypto-currencies.

endut15

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Quote from: mejalipat on June 13, 2018, 07:33:51 AM

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

strongly agree it gan. indeed we need a fee, under any circumstances. because the name of the family is hard happy to always share, especially if you have the funds for our lives would be better than no cost.

@maetthan17

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Save the half on banks just for emergency case and also used the half of your money to invest in business or also in bitcoin so it will grow and you can save a lot of money .

mejalipat

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of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

Geleve

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we should all be aware that crypto might be very profitable but on the other hand it is not very easy to turn into cash in a very short time period. so keeping your money in crypto for emergency cases is not a very good choice i guess.

Btcschool

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Quote from: gurang on June 02, 2018, 08:49:44 PM

Quote from: prudencetoller on May 25, 2018, 06:08:06 AM

Saving is never a wise thing to do. You should invest your money instead of saving. Saving is for people do not have the power to risk their money for a bigger profit. There are many places you can put your money in. The cryptocurrency is just an example. You can invest your money in real estate, opening your own business, etc

The smartest thing to do in saving is to invest in a good way and to think of the best thing to grow in your investment so you can grow it right

I do not think that this is going to happen, crypto currencies are in its early stage, importance of crypto currencies are increasing from time to time, and therefore we are not expecting that crypto currencies are going to die so soon. I think that investment in bitcoin and some other crypto currencies is safe and profitable.

mstfprcn

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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.

Pepito Manaloto

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Knowing that the value of crypto is volatile, no matter how many percent you invest, you will still have the chance to earn large if ever pumps occurs. We should always be mindful on what's happening in the market so that we may know if it is a good time to spend some of our savings for investing which will help us get large profit.

Umar001

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The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.

setupbounds

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Quote from: chriskol on June 10, 2018, 02:56:39 AM

While trading on cryptoexchange withdraw 11% every month and this will be your reserve fund on deposit in bank. So that you can save your money and in case of loss you can invest again

A wise person will choose investment in a valuable currency and we know that the modern time is that of crypto so investment in the crypto market will payoff if you apply the rules and principles which are required in every business. If you are with low savings then start trading with less valuable currencies and then upgrade to higher. On the other hand if you are with huge savings then enter into the Bitcoin market if you have knowledge.

Topic: Wise thing to do with your savings. - page 55. (Read 8220 times)