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Author Topic: Wise thing to do with your savings.  (Read 2395 times)
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June 13, 2018, 06:24:04 AM
 #681

Best option is to invest in property. However, there are the type of questions you should be asking yourself before you dive in and invest in property.
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June 13, 2018, 06:48:21 AM
 #682

While trading on cryptoexchange withdraw 11% every month and this will be your reserve fund on deposit in bank. So that you can save your money and in case of loss you can invest again
A wise person will choose investment in a valuable currency and we know that the modern time is that of crypto so investment in the crypto market will payoff if you apply the rules and principles which are required in every business. If you are with low savings then start trading with less valuable currencies and then upgrade to higher. On the other hand if you are with huge savings then enter into the Bitcoin market if you have knowledge.


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June 13, 2018, 07:48:42 AM
 #683

The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.

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June 13, 2018, 08:37:17 AM
 #684

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?
Knowing that the value of crypto is volatile, no matter how many percent you invest, you will still have the chance to earn large if ever pumps occurs. We should always be mindful on what's happening in the market so that we may know if it is a good time to spend some of our savings for investing which will help us get large profit.

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June 13, 2018, 08:40:27 AM
 #685

I have been investing in crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make.And i belive i will get my reward very soon.

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June 13, 2018, 10:53:36 AM
 #686

Saving is never a wise thing to do. You should invest your money instead of saving. Saving is for people do not have the power to risk their money for a bigger profit. There are many places you can put your money in. The cryptocurrency is just an example. You can invest your money in real  estate, opening your own business, etc

The smartest thing to do in saving is to invest in a good way and to think of the best thing to grow in your investment so you can grow it right
I do not think that this is going to happen, crypto currencies are in its early stage, importance of crypto currencies are increasing from time to time, and therefore we are not expecting that crypto currencies are going to die so soon. I think that investment in bitcoin and some other crypto currencies is safe and profitable.

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June 13, 2018, 11:06:41 AM
 #687

we should all be aware that crypto might be very profitable but on the other hand it is not very easy to turn into cash in a very short time period. so keeping your money in crypto for emergency cases is not a very good choice i guess.

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June 13, 2018, 12:33:51 PM
 #688

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

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June 13, 2018, 12:59:57 PM
 #689

Save the half on banks just for emergency case and also used the half of your money to invest in business or also in bitcoin so it will grow and you can save a lot of money .

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June 13, 2018, 01:00:47 PM
 #690

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

strongly agree it gan. indeed we need a fee, under any circumstances. because the name of the family is hard happy to always share, especially if you have the funds for our lives would be better than no cost.

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June 13, 2018, 01:53:14 PM
 #691

I believe it would always be better to do investment with the extra spare money you can afford rather than putting all of it with the banks as the saving interests of the banks are usually very low, and that is the reason why many investors are getting interested to invest into crypto-currencies.

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June 13, 2018, 02:03:19 PM
 #692

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

strongly agree it gan. indeed we need a fee, under any circumstances. because the name of the family is hard happy to always share, especially if you have the funds for our lives would be better than no cost.

Yeah, I definitely agree to you bud. Each of us may experience those situations that we really want an instant money and most of the time like emergency purposes that involve health problems. As what I did some of my earnings here in crypto currency I'll put it for insurance company as I can benefit it during emergency as I really needed it. Also, some of my savings may create a small business but somehow may have a little income and someday soon I will invest a big-time business establishments since today I don't have too much savings.

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June 13, 2018, 02:08:53 PM
 #693

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?

Emergency fund should be just enough to pay all your costs to 3-6 months.

After you build your emergency fund, you can to diversify your portfolio in Stocks, Bonds and even small amounts in crypto, depending on your risk appetite.

Savings is for future. All we wants and need someday will rely on it. Spending on the right time and have a valued for you is the best thing/move to do with it. So don't waste our savings.

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June 13, 2018, 02:13:40 PM
 #694

The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.
Yes it was good to put our savings to investment to get more profit. For me the wise thing to do was to balance it and divide into different things like some of it in investment, the others for important things, for emergency and the rest was for the preparation for your future. Because wants we have savings we dont need to worry when future comes to us.

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June 13, 2018, 02:24:32 PM
 #695

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.
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June 13, 2018, 02:36:04 PM
 #696

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.

I think that is a funny if you are in my shoes since my savings are my altcoins. I've invested on some altcoins in the past and I am holding them until now. I have some money that I am saving in a bank though I don't want to use that money since I will be using it when there are some emergencies that happened. I will be selling my altcoins when the time comes that the price is really good.

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Dayan1
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June 13, 2018, 03:24:09 PM
 #697

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.

I think it not a good way , You should diversify your savings , for example if you really wanted to invest in bitcoin any other crypto currency you should first think if it is worth it and not just that , you should allocate some funds in your emergency funds, it is important to have emergency money so when the times comes and you need money urgently you  wouldn't have to  rely on your investment as an option to satisfy your needs.

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June 13, 2018, 03:24:37 PM
 #698

The money that you have saved up for emergency funds will just hold on it there, for the times in need you can get it anytime., Try to allocate some portion of your money for investment and when you invest think wisely.

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chromosomes
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June 13, 2018, 03:30:38 PM
 #699

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?
Always leave something from your saving while spending some of it for investments so that you won't end up short if ever your investment fails. Be smart with the way you hold your money so that it can still grow over time instead of spending it on temporary things. If you are going to be careless, don't expect to have that much savings in the future.

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June 13, 2018, 03:33:38 PM
 #700

yes I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.
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