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Author Topic: Wise thing to do with your savings.  (Read 6527 times)
ngano ba
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June 02, 2018, 01:05:14 PM
 #361

The wise thing to do with your savings is to keep the half of your money in the bank and the other have invest in cryptocurrency  either in bitcoin or ethereum and make them grow pr gain profits , so that it get bigger and bigger savings through bitcoin.

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nikay12
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June 02, 2018, 01:15:37 PM
 #362

We always keep savings for the times of emergency needs but I think our savings should grow also and put this in an investment that we think can add for payment for some expenses in the house.

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June 02, 2018, 01:24:05 PM
 #363

The good things to do is to hold our cryptocurrency that make it profit that our savings will make double our money in the few months our years.
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June 02, 2018, 02:04:35 PM
 #364

We always keep savings for the times of emergency needs but I think our savings should grow also and put this in an investment that we think can add for payment for some expenses in the house.

It is wise to make it grow but, I dont recommend to put all your savings in an investment, you should allocate some of your savings in emergency funds, who knows when you will need it ?. The reason why I suggest that is because investment can be dangerous , how sure are you that your savings will grow in an investment?, it requires time and patience to make it grow so if for example you need urgent money it will be very hard for you to liquidify your assets or your investment because in some scenario it is down . So better to have or allocate s atleast 20 percent to 30 to emergency fund

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June 02, 2018, 02:32:23 PM
 #365

Well actually everything depends on the people. Whether they really want to save their money, and just left it there without doing anything, but some prefer to use their saving to earn extra money. Like for investing and such.
But for me myself, i prefer to set an amount of money as saving. The very emergency saving so i won't be panic if i don't have money but need it. And after the amount is fulfilled, the rest saving will be used for investment. So i can earn more money, without trying to mess with my other emergency saving. But buying stocks will be great, since i just need to spend money once, but i can gain profits regularly.

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June 02, 2018, 02:33:16 PM
 #366

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?

Well, as they say make the best out of it,and I think that's to diversify the money that you have save to different entity or way for it to grow, but take note risking is not same as throwing your money, it's about putting yourself between success and failure, you should know something or everything about where you are going to invest money, and don't pour everything to it, unless you have a great assurance to keep.

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June 02, 2018, 03:09:03 PM
 #367

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?

Well for me, I prefer having my savings be saved rather than it will be used to invest. Though if I invest it I would have a chance to grow it but I prefer not to because there is no assurance that my investment will be successful or I will be down if it fail. So better save than use it as investments.

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June 02, 2018, 03:18:51 PM
 #368

Wise things to do with savings is to invest, Money could easily lost if you mis managed it carefully, Specially now a days, all the stuffs in the market are increasing. Investment is good but make time to exert effort on how to deal that kind of investment because not all type of investment grows and run smoothly, make a wise choice before you decide...

I agree, we have to be more careful nowadays interms of saving, Let us provide a safety first in ourselves before trusted to anyone's who is not personally known unto you. It is our responsibility to look over if it is good to invest. The decision is made by us.

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June 02, 2018, 04:10:46 PM
 #369

Do not mix between your savings and money for investment. I think the money saved must not be used for anything else, because it will be used when you are urgent or really need. Investment money must be differentiated from savings, because investment money has a risk and is used for a certain period of time (difficult to be taken suddenly).
Saldom12
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June 02, 2018, 04:13:28 PM
 #370

Savings are for our future if, our money runs out we still have savings. But if we have savings, use them well. Do not be crazy about cursing the important, unimportant items that you do not have to buy.
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June 02, 2018, 04:50:47 PM
 #371

in my opinion what to do with savings is put into a safe investment .. that even if the profit is very small your savings are safe and that you can get when you have emergency needs.
pinkpanther03
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June 02, 2018, 05:00:24 PM
 #372

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?

In my assessment, or as in my opinion  it is much better for you to invest it in crypto currency if you know how to choose the right altcoins in

this field industry. But if you do not know how to check or knowing the potential coins much better for you not to do it. It is better you keep it as

a source fund to use it for emergency purposes, I guess?




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Bitexpert2017
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June 02, 2018, 06:02:36 PM
 #373

I think it's smarter to invest you money rather than let it sleep in a bank and earn 1% per annum at best. Crypto currencies and alotnof public stocks are readily available for you. Now making your savings grow from your salary is more of living within your means.
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June 02, 2018, 06:47:41 PM
 #374

opportunity may comes few times in a life time so I would suggest to devote all your time in discovering something you want and make profit out of it same goes when funding a savings you must think wisely on how are things unfold when you invest your savings and lastly there must be a plan.

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June 02, 2018, 06:50:54 PM
 #375

Right now the wise think that comes to mind is trading. As there is regular price variation, people who has the ability to predict the market to some extent can easily open a buying and selling order to get an earning. Here the risk is there, but it gives better profiting on the savings depending upon your active involvement.

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June 02, 2018, 10:12:20 PM
 #376

I have only two wise things you can do with your savings and these are the most popular things you can do when it comes to savings. First is put that money in the bank to be safe and secured. Next is you invest it. Invest it on something, maybe in business you can try that if you want to use that money and make some extra source of income. That's only but it's up to you if what do you really want to do with your savings. But for me these are the two best things to do when it comes to savings.
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June 02, 2018, 11:08:00 PM
 #377

emergency funds should not be invested. because we know that this emergency situation can happen anytime. we can not predict about this. if an emergency fund is invested in cryptocurrency and you need funds but the market price goes down, will you sell it directly.. Huh
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June 02, 2018, 11:30:08 PM
 #378

Leaving your money dormant only means that you will go and meet that same amount of money anytime. I think the best way is to invest it in a less riskier venture since that money is an emergency money and you can't afford to lose it.
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June 02, 2018, 11:42:14 PM
 #379

If your age is not too old and have also potential to make those saving once again than I would go all in with crypto, of course it is risky but what if you success ? Than you are financialy free for a quite long time.
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June 03, 2018, 01:06:34 AM
 #380

If your age is not too old and have also potential to make those saving once again than I would go all in with crypto, of course it is risky but what if you success ? Than you are financialy free for a quite long time.
That is not a good advice to just go all in on cryptocurrencies because we know that the volatility can punish you and if you don't have any good background in investing or also in trading then you can't go all in because you are clueless to the things that might happen and you can't really understand the market if it is a good thing to start or not. Stay safe, play safe.

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