Between investment and savings, which is better?

[Niyi Briggs]

Savings- keeping your money somewhere and adding to it timely till it accumulates and becomes huge.

Investment: Using your money to do business so that it yields returns.

I prefer investment. That's because it multiplies the money. Which do you prefer?

 

[Hate2Wait]

It's better to do both because alone investment can put our life at risk

 

[Springtime]

I think both are important. We need to keep certain amount of cash savings for emergency use. Investments may bring better return but we also have to take into account the risk of losing.

 

[Starmix]

It's good to invest to multiply your earnings and while having a good return of your investment save some for the future or rainy days. You'll feel secured once having a saving.

 

[Shavkat]

I prefer both options because they work hand-in-hand. We can earn with the investment and save them at the same time.

 

[rubesh]

Saving is better for your future

 

[Starmix]

That's right we also need to discipline ourselves from the unnecessary spending that may become a habit.

 

[eldavis]

Personally for me i actually prefer both. Saving is good but saving alone cannot secure you the required profit you need. Investing on the other hand would definitely take you far but while investing you still need capital to do other things until your investment is secured.

 

[nomad]

Saving can never be better than investment, however, it is true that saving is the first step of investment. You can build investment funds only through saving.

 

[Niyi Briggs]

Saving is needed to be able to invest. But keeping your money as savings is just folly. One catastrophe and it is finished. Good Investment would always produce.

 

[Hate2Wait]

We cannot choose one and need to take care of both and it won't be a good idea to invest all our savings

 

[Stardom22]

For me I would go for investments. Though it's quite advisable to save and after accumulation of certain amount you invest your savings

 

[Hate2Wait]

It would be better to save and invest a certain percentage of our total earnings every month

 

[Raja]

Investment is important because we need to invest to multiply the earnings

 

[RicAngelo]

Savings- keeping your money somewhere and adding to it timely till it accumulates and becomes huge.

Investment: Using your money to do business so that it yields returns.

I prefer investment. That's because it multiplies the money. Which do you prefer?

Its depends on your purpose, is long term on short term. Because i do both. Investment for long term goals and saving for short term.

But i also saving for emergency funds (its different purpose of course)

 

[Niyi Briggs]

You brought another dimension to the discourse. It is important to save for emergency. Or better still take an insurance plan.

Its depends on your purpose, is long term on short term. Because i do both. Investment for long term goals and saving for short term.

But i also saving for emergency funds (its different purpose of course)

 

[Chibson]

Both savings and Investment is good for anyone who has to be financially free. Investments comes with some risks, that's why you need to have extra savings.

 

[Magnus2022]

Both is not the same thing. Investment involves a reasonable amount of money. Investing small capital will yield little dividends. Therefore,there is need to saves some amount of money before investing it.

 

[Sanjeev]

Investment is better than saving as by investing your money you can multiply your money.

 

[RicAngelo]

You brought another dimension to the discourse. It is important to save for emergency. Or better still take an insurance plan.

Insurance plan and emergency fund are two different thing,
Based on what i learned we have to provided emergency fund 3 times bigger than anual needs (its apply when covid19 hits and emergency funds is really useful). And insurance plan do not cover something like covid19. CMIIW