Investing your hard earned money
- Thread starter Stardom22
- Start date
That's pretty good well done. I'll do my best to analyse the market and learn before investing.
That's what everyone should do. Money does not grow when you keep it in the bank. We should invest it, people, here invest their money mostly in the property as the rate of the property increases fast.
That keeps you safer right at first, but if I am using money I earned online free and I lose it all, the net result is I break even with no loss possible, so that's the path I chose and now I am over Three Million Satoshi ahead. I would not be here if I took the safe way on every investment.
It's not good to just keep your money in the bank account. The banks use the money to make more money and pay you little or no interest.
Keeping the money in the bank is worst decision any business man can make. The essence of business is make more profit. Investing in other business helps the entrepreneur to diversify and become more secure.
Money in the Bank is NOT to make more money, it's to maintain liquidity at a moments notice to capatalize on fast moving opportunity or short notice needs with safety guaranteed by the government in the US. I can spare a couple thousand dollars to have this benefit at my fingertips at all times.
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Take it from someone who ran a successful offline business for 45 years, any businessman without a substantial Bank Account will only be successful until the first disaster comes along and blows him out of the water. You don't always see them coming, but when they do you need to be ready to move fast before your ship sinks. That is not the time I want to be out looking for a loan when I should have my fingers on the pulse of the problem with every heartbeat.
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It's a competitive business for Banks like any other business. If they don't meet the demands of the market, they are going to go broke too. I don't get interest from my bank deposits, but I don't pay monthly fees either and the service is excellent. That is how they compete. But the big advantage is I can get my hands on money in minutes instead of trying to sell some stock that is in a dip.
That is the best way because every month you cannot save money, some months you have unexpected expenditures.
I think the interest rates on bank accounts are too low, and I would rather put my money into something with a higher potential return.
I will invest my earnings because investing in a project with potential will help me to make good profits.
I haven't invested money in any business. I invest in stocks, mutual funds and bonds. The return of investment is much better than just putting the money in a savings account.