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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
Ondre
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June 04, 2018, 11:38:49 AM
 #421

It is good to allocate 20% for emergency but not advisable to keep as time deposits, just put it on bank as savings so itbis easily accessible. And allocatr some percentage for investment so itbwill earn hile waiting.

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manismanja
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June 04, 2018, 11:47:32 AM
 #422

when I save my assets I really hope to earn a profit every day from what I keep and what I have, try when trading do not use emergency money.

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June 04, 2018, 11:49:42 AM
 #423

It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
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June 04, 2018, 12:09:06 PM
 #424

I agree if we make savings that we save to be an investment in the future. Because the investment is basically a savings for ourselves in the future. But if you set aside 20% of your income to saving the meal for 10% for investment.

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June 04, 2018, 01:19:16 PM
 #425

Before I learned cryptocurrency, I usually put my savings in Multi-purpose Cooperative or in a bank. But sad to say in more than a year I just earned a very small amount of interest.When somebody told me about bitcoin/altcoin as a type of investment, I jump into it and out of curiosity, I started putting a little amount of money and in just a month, I gain 30-40% increase.With that I would say that it's wise to put your savings if not all maybe 50% of it in cryptocurrency and wait a little longer to earn huge profits.
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June 04, 2018, 02:28:39 PM
 #426

It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
dont ever use emergency fund invest in any portofolio.it is too risky for our money.imagine if we have urgent need and our money can not liquidate , its very dangerous for us.
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June 04, 2018, 02:30:27 PM
 #427

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.
andrei56
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June 04, 2018, 10:13:16 PM
 #428

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
I agree, must not use our savings fund in investment, we must learn how to balance and divide our money. Mostly we used our savings for important things that we need. It is much better to be prepared for anything that may happen and you have your savings because you dont need to worry for the money that you need for that time.
Diversifying it will keep us safe, have some in bitcoin or crypto and make others for real life investment that can be used when the market sees bearable.
Diversifying is a good thing, but people need to remember that investing in different cryptocurrencies is not enough if you can invest in some other investment products then do it, even if those other investments are not going to give you that many profits  we must find other forms of investment, investing in gold and silver is a good option and if you can afford it then invest in real estate as well.
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June 04, 2018, 10:34:13 PM
 #429

The best thing to do is to invest your money. If you have a lot of money and you intend to do dome long term investements go with stock assets they will give you s small profit but a certain one or you can go with cryptocurrency and that is going to make you win more but it is riskier.

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June 04, 2018, 11:59:00 PM
 #430

There's only one thing that you can do wisely on your savings. It's either you will invest it for business or invest it in cryptocurrencies.  For me, investing in crypto is very good because it can grow drastically that can cause to double or triple your investments too in just a short period of time.

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June 05, 2018, 01:28:37 AM
 #431

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?
Wise things to do with your savings? think of the things you should spend on not only the things you want to do, the more you need to think and the things that make your money worthless

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June 05, 2018, 01:36:00 AM
 #432

20% is a sufficient percentage for me to be an emergency reserve fund, it probably will not get big profits as if we invested in crypto, but the risk is small and we can use it anytime unless we save it in time deposits may be a bit difficult but it option but I suggest that you follow that advice at least your life will be a bit inconvenient
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June 05, 2018, 01:44:16 AM
 #433

For me best thing to do in savings is to invest it and make it double. Investing is the best way to make a profit from your money its better that to save it only because if you put your saving into investment your money will multiply and your savings will increase.
Altf4
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June 05, 2018, 01:52:35 AM
 #434

Wise thing to do with your savings is make it into halves , and then hold or kept the half of your savings in the bank and wait for the other half which is invested in bitcoin to grow and gain profits for the other half of your money in the trading sites and market exchanges.

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June 05, 2018, 02:42:28 AM
 #435

Awesome idea! To make our daily life easier than loaning some money when you needed it in an emergency. And I think I would do that keeping some 20% of my earning to prevent in rushing things. But I also put it in some currency, I mean investing it while waiting in my other investments to grow in a months. So it really depends on a person he gonna put his saving.

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June 05, 2018, 03:26:34 AM
 #436

Wise thing to do with my savings is to make a good plan for investment in order to have a good successful savings, must be careful in making plans for spending money. Don't spent too much beyond your means.
Lauff
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June 05, 2018, 03:35:11 AM
 #437

I save money for emergencies and something important and I have to save money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money when the value of crypto I have down the price
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June 05, 2018, 04:03:25 AM
 #438

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?
For me the best thing that you can do on your savings is to invest it. Invest it to become larger amount of money cause we all know that its better to have a large amount of money. I think we should do that for our future.  Too good to be true but we can do that soon
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June 05, 2018, 04:37:40 AM
 #439

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...
Saving is the only thing which you can use at the time of need and that it is no doubt very much necessary for you to make some good savings by avoiding all your unnecessary expenditures so that you can save some more money. There is no such need of wasting those savings, instead the best thing which can then help you out is that you can go for investing that money into any such business which can help you in making more money.

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June 05, 2018, 05:17:33 AM
 #440

In the investment of course it takes patience if we want to get profit, and the presence of cryptcorrencies of course be the best solution to profit and better than saving money in the banks.

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