Wise thing to do with your savings. - page 62.

RKSummer

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Quote from: Btcallans on May 25, 2018, 05:21:32 AM

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.

Oh, bitcoin investment is too risky. If you really want to do that, don't put all your savings to invest in bitcoin. Maybe you can double your money from it, but bitcoin changes its price at anytime. And you must have enough knowledge in it before putting your money in it. Use your savings wisely. 😊

romeitaly

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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?

Saving and keeping your money in crypto currencies is such a risky move to do, because prices are not always that high, and it is volatile, so the money you invested goes up and down. Of course there is a benefit in investing in crypto, but for me, don't use your emergency money to invest in crypto, and have a separate money to it for you to be sure and won't have regrets in the end.

Bugsbey

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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?

When you will just let your money sleep, you can have it but it will not grow unless you will add to it. But if you invest it, it has a very big possibility of being doubled, tripled or more. So, try make sure to invest now.

BlackBeauty

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Quote from: Mbah Djoko on June 08, 2018, 06:21:14 PM

To make our money grow quickly and well then saving is important and must be done, I agree that with saving then our future life becomes better and prosperous.

Yes if you are doing with wise thing for saving your money so you will make a lot of money in your life and that's why you can provide many opportunity for other people who have no job and they cannot join bitcoin because they are disable people, so that's why wise thing is much better for you and your family's future.

Mbah Djoko

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To make our money grow quickly and well then saving is important and must be done, I agree that with saving then our future life becomes better and prosperous.

Jupeter

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Quote from: beezunus on May 31, 2018, 08:17:48 AM

yes, I have to save some money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money, I save some money for emergency and something important

Well the best thing to do with our savings is to invest it on bitcoin because bitcoin is the best cryptocurrency and it has a big chance that the value of bitcoin pump very high and we can also invest our savings on a great ico like the deal coin ico.

Biggapp

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Quote from: mersal on June 08, 2018, 04:43:38 AM

Quote from: Haoque89 on June 08, 2018, 04:01:39 AM

For saving money, we do it to make us $ 1 more to generate $ 0.5 more ie we have to invest to benefit from investing for a simple investment. participate in the ico or buy ctyptocurrency.

If you had a good profits in bitcoin then you will be very lucky so don't make a waste expenses in that make some useful ways to ssve and increase you money this is the right thing to do for a bitcoin user.

The wise thing to do with your saving is to invest it in a very good asset. Form good asset I mean an asset which is the most liquid and the most profitable in future. The risk factor associated to an asset also counts a lot. Some of the traditional businesses are less prone to risks and are good spots for investment. Having said that, you can also invest in some good coins after having invested in some traditional non volatile assets.

deevan

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If you go for time deposit account for example savings accounts in a bank where you will be getting an interest on your deposit, that will be too little like 0.01-0.5% and won't be able to cover even 5% of your total deposit, but this kind of investment is safe. A better option is to invest that 20% in top 10 cryptocurrency, ETH & BTC is preferable when the market is in a dip and you can gain more than 100% profit on your investment when the market goes bullish. Make sure not to invest in those cryptocurrencies which are not in top 20 as profit won't be enough or very low. But this kind of investment is a little bit risky.

tantimutz

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There are many ways to increase savings. You can use it as a capital to start a small business and keep the money in circulation and generate more savings and profits. You can also invest in something you trust and you should invest where you can feel comfortable leaving your money.

billbear

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It is good invest in Bitcoin for a long term, you will have a chance to increase your wallet twice by a few years

virtualkeybuyer

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Quote from: Papaczed on June 08, 2018, 04:25:25 AM

Quote from: player514 on May 25, 2018, 12:20:22 AM

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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

I suggest to you to have an investment for houses and lot and cars also. For me, its a very great type of investment and a great things to be spent on with your savings. This things can have a higher value in the future so this will benefit you.

I do not think that investment in cars is the investment if you are using them as with usage the price of these things reduces while if you invest in houses and cars as a means of business then it is nice. But if you invest in bitcoin then you may get a much faster profit from there. The price of bitcoin when increases the increase much faster than any other commodity of the world.

Financial Freedom 4U

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Stable coin to make charity free for everyone

Quote from: player514 on May 25, 2018, 12:20:22 AM

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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

I also agree that you should diversify. Stocks don‘t have to growth always slowly by the way.

Example: If you had bought Tesla stocks on etoro a few days ago before the CEO voting, then you would have made 500 dollar with your initial investment of 1000 dollar. The stock went only up 10% but so your profit would have been 50 dollar but with leverage it becomes 500 dollar.

henmark

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Quote from: connexus on June 07, 2018, 06:08:28 AM

Well as for savings the wise thing to do with it is invest it in different forms first is in crypto currencies, stock investments, real estate, business capital etc. and of course still save some for emergency fund.

When you invest the money you have in your savings, bear in mind that it is no longer savings but an investment and anything can happen to it. Investment no matter what type of investment it is, will always have some risks that are involved in it and any single mistake can trigger cause of loss. That’s why it’s always good to have savings and also work hard to make what you have to increase.

intoy_victor

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Yes it will earn much more than a time deposit account. Investing in a cryptocurrency world is too risky and maybe it should be called as a gamble. It is too risky because of the fact that its price value is volatile and unpredictable. Its price might go up high but at the same time might go low. Thats why if you entered such investment, it is truly a gamble. But one things for sure, its price will go up in just a matter of months and maybe doubled the earning of a time deposit account.

Tukang Becak

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To make the future a better course we must be saving and investing, but unfortunately most people just focus on saving and do not want to take risks to investing so that when the crisis then their financial drop drastically.

mersal

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Quote from: Haoque89 on June 08, 2018, 04:01:39 AM

For saving money, we do it to make us $ 1 more to generate $ 0.5 more ie we have to invest to benefit from investing for a simple investment. participate in the ico or buy ctyptocurrency.

If you had a good profits in bitcoin then you will be very lucky so don't make a waste expenses in that make some useful ways to ssve and increase you money this is the right thing to do for a bitcoin user.

Janation

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Quote from: Papaczed on June 08, 2018, 04:25:25 AM

Quote from: player514 on May 25, 2018, 12:20:22 AM

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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

I suggest to you to have an investment for houses and lot and cars also. For me, its a very great type of investment and a great things to be spent on with your savings. This things can have a higher value in the future so this will benefit you.

Well real estate is one of the best investment or asset in these year as my article that I've read said so. There are also the mutual funding and this peer to peer lending. If you want to save using your crypto currencies, better invest in a good crypto currency and just let it pump. A lot of good crypto currencies start at it's ICO project and if you find a great one, don't doubt to invest on it unless it is a scam project so be careful.

Papaczed

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Adoption Blockchain e-Commerce to World

Quote from: player514 on May 25, 2018, 12:20:22 AM

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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

I suggest to you to have an investment for houses and lot and cars also. For me, its a very great type of investment and a great things to be spent on with your savings. This things can have a higher value in the future so this will benefit you.

Haoque89

newbie

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For saving money, we do it to make us $ 1 more to generate $ 0.5 more ie we have to invest to benefit from investing for a simple investment. participate in the ico or buy ctyptocurrency.

ArIMy11

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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?

Yes i agree this is a nice idea. Better than letting your money sleep. If it can be use in something more useful then let us grab it. Opportunity does not always come. Our/ your money can create new more money. But it is not also bad if we save something for ourselves. It is ours. We own it.

Topic: Wise thing to do with your savings. - page 62. (Read 8220 times)