Presently, am not investing anything. I trying to start a business and am working hard to raise $500 before ending of January to start a business. Presently, I am saving solely for the business.
Savings or investments, which is better?
- Thread starter Kennysplash
- Start date
Savings or investments have different goals, saving is short and medium term, while investments are for the long term. So if you ask, which is better? the answer is in yourself, if you want to buy a new car or need money to get married then saving will be better because it can be taken at any time. but if you aim for the long term so that you will get a large capital gain then the investment is better, for example buying a residential property, in 5 years you will make big profits.
I also believe that investing is much better option comparatively due to the fact that investing money could lead to more benefits by the passage of time. However, the main downfall of investing money is the fact that you may lose money as well if investing goes wrong. This is something that makes many people refrain from investing money.
Yes it is good to grow your investment than to save it in the banks. Roo in saving is less when compare with investment.
What kind of investment are you interested in? I always wanted to invest in the cryptocurrency market, but right now it might not be an ideal investment due to fluctuations.
Better to invest in Stocks and they are better as compared to Cryptocurrency
Many people invest either buying stocks, bonds, cryptocurrencies, real estate etc., using their savings, meaning they have to save money first before investing.
Saving money at bank means lose in value because its value decreases every day.
It's not that every day the value of money will decrease, if it happens then the country will be destroyed, because inflation doesn't occur every day. Inflation will be marked by an increase in the price of goods.
I am also saving money right now and i am not investing money. This is because I cannot get the right kind of platform where I could possibly invest money and earn.
Have you heard about platforms called webull and robinhood?
Stable coin is a better option. But if we want to save for long them we should go for other coin that there price will rise before then to make profit
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That is true that is why it is advisable to invest our money in stock market
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I do both. Having savings in bank is important for unexpected expenses. Investment may bring better return but there's a risk of making a loss.
Savings and investment are good and they have their own functions but I would prefer to save a little and invest larger portion of my money.
Investment is better because it is what gives you enough room to make money
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Investment is better because it is what gives you enough room to make money
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