Savings or investments, which is better?

[Enxx]

Yes ooh
This is why I always try to withdraw my money when I get to $5

But sometimes I always determine the exchange I will use to convert it to my bank account and wait to like $7

 

[Bisolami]

But sometimes I always determine the exchange I will use to convert it to my bank account and wait to like $7

I hardly use peer-to-peer method in crypto exchange platform but I sell to my friends directly

 

[Hate2Wait]

Now I am planning to start with investment because it's important if we like to grow our earnings

 

[Johnson2468]

I hate saving my money in bank. As I am now I don't have any money in bank. I have less than $0.1 in my bank account.
All I have are invested in online business.

Which online business do you invest in?

 

[Hate2Wait]

I would like to learn about Stocks and trading so I can invest and multiply my earnings

 

[freelancermaria]

If you have experience with forex, you can definitely invest. Or maybe invest in cryptocurrency. However, there are some risks associated with them. Personally, I like to save since I don't have any idea how forex and cryptocurrency work.

 

[Imran Noori]

When we get our paychecks at the end of the month, we set aside some either to save or invest. I believe investment is the better choice as it appreciates with time, whole inflation might cause your savings to lose some value. Which do you think is better?

I think both are important, you can divide your income into three portions, one for spendings, one for savings and the other portion for investment.

 

[Hate2Wait]

Saving is harder but we need to save money to hope for a better future and then we can plan to invest to multiply our earnings

 

[Golden9]

It's risky either way. You can lose everything if the investment fails, and inflation can devalue your money bay if kept in the bank. I would look for an investment that is low risk but still maintains it's value during inflation.

 

[Hate2Wait]

Investment is always risky and the secret to get rich is you need to be a risk taker and should invest max money

 

[Niyi Briggs]

It is always better to invest than to safe. Investments multiply the money. Savings just keeps the money for you.

 

[cherry123]

I believe that it is wise to invest some money and also save some in a bank.

Yeah doing the two is better you have to save some and invest some. This will create a good balance

 

[LoukiaCharilaou]

Yeah doing the two is better you have to save some and invest some. This will create a good balance

In this way, you can be financially safe. Saving and investing is a very good balance.

 

[cherry123]

In this way, you can be financially safe. Saving and investing is a very good balance.

Exactly these are two good ways that money can be handled which is good.

 

[RicAngelo]

When we get our paychecks at the end of the month, we set aside some either to save or invest. I believe investment is the better choice as it appreciates with time, whole inflation might cause your savings to lose some value. Which do you think is better?

I do both of them, saving and invest. Saving is for short time goals and invest is for long term goals. Saving for Emergency Fund is also A MUST for me.

 

[cherry123]

It is good to do the two it will help safe guard ones money better. No need doing just one of it.

 

[Enxx]

I hardly use peer-to-peer method in crypto exchange platform but I sell to my friends directly

Hope your friends will sell you with good rate? If you want the best rate, I can assist you with that.

 

[hastral45]

I would prefer investment to saving. Saving yield little returns on investment while investment yield much returns.

 

[Golden9]

And also before you save your money in cryptocurrency wallet. You must decide if you will need the money anytime or you want to save for long. Because if it is what you will need anytime. It might be when you need it that the price will fall.

You can avoid this by saving in stablecoins only like USDT or BUSD. Bitcoin is also a good choice if you really want cryptocurrency. It hardly falls as bad as other coins.

 

[eldavis]

When people ask me this, i always advice people not to go for savings or investing, rather it would be better you go for both.