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Author Topic: Wise thing to do with your savings.  (Read 8215 times)
Lorin
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June 15, 2018, 10:49:35 PM
 #741

For me its good to go in a business, yes it maybe risky but  trying ine thing make you successfull or charge as an experience if you fail. Once you invest it on a business your money will get bigger  and you do not know that the time pass by your money that  you save become double or more.
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June 15, 2018, 10:54:10 PM
 #742

The only wise thing to do with your savings is to invest it so that it will grow. Do not let alone sleep your money in the bank because the bank will only gain from your money and you as an account holder have only small interest in it.
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June 15, 2018, 11:01:26 PM
 #743

For many putting a good part of crypto profits into fiat would be a helpful advice because anything may happen with crypto in future, and if everything crashes they will be a few survived.

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June 15, 2018, 11:08:57 PM
 #744

I'd use to save it when I need it because that's 20% emergency saving, if you invest all your savings you cannot earn with it because that profit you want maybe lost because of volatility. so save your money by managing it.
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June 15, 2018, 11:58:50 PM
 #745

One of my favorite books which is titled 'the richest man in Babylon' explained that all profits made from a business or work should be made to earn you more money. It related the profit made to slaves and the slaves must continue to work in order to increase the rate of returns or profit.
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June 16, 2018, 01:43:18 AM
 #746

A big portion would account for savings alone, we all have different plans and reasons for
putting away money, it’s thinking ahead that counts. For me I would try to invest 30%
of it into something solid and see to it that it grows. 30% on crypto would be my wise
choice and see how it goes from there.
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June 16, 2018, 01:48:04 AM
 #747

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?

every person have a different ideas or strategy on how to make there portfolio circulate or create more and more investment,but in my own ideas,the profits that i've earned  into my investing in cryptocurrency,i've been used it to create a local bussiness unit just like building a small  computer internet rent and the others profits  i used it build a small apartment to rent,so that whenever happen in the future at least i have another sources of income  that i can lay on and i can used my profits in crypto in other good investment.

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June 16, 2018, 01:51:06 AM
 #748

Saving is one of the options available to a income earner.  These savings can be left idle in banks yielding minimal returns, which is not the best. Investments in ICO is recommended.The higher the risk associated with a venture the higher the returns. leaving money in fixed deposits is not the best. 

Yes, agree, better to make good investments so that there will be good profit in return, but we need to carefully study the investments we're going to make because there is always a risk in investing. So like what other says, just invest what we can afford to lose.
Careful study is really required in any investment we are about to do. If we will study then we will take our action on time at that investment and trade. We will know about all the events of that project and we will know that which event will tend the price to increase and when event will be bad for the project. Then according to that we can secure our investment.
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June 16, 2018, 02:01:47 AM
 #749

For me the wise thing to do with your saving, or my saving, is part it into half , the first half you set aside for reservation in your savings , banks ,vault  or any , the other part is to invest in crypto or bitcoin, manage your investment carefully and make cautions about your investment, ovserve what is the status of your investments, if it is in the good run or losing, at least you have half of your savings been set aside whatever happem to your investment.

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June 16, 2018, 02:28:57 AM
 #750

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?
'

One disadvantages of saving money in banks is just your money losses its value every year. The interest where you have acquired from putting it in the bank does not entail and increase in value, because the interest being paid is the value of your money lost through the time it is in the bank. So instead of saving, try to become more wise. Invest in something. Diversify your investment, stocks, real estate and cryptocurrency. Because investing has a greater return than saving.

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t2yax
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June 16, 2018, 02:45:32 AM
 #751

There's a lot of way to make your savings have a profit. If you only need to have a small amount of gross income, you just need to go for time deposit, but if you want to make it big, you will need to invest it to something. But remember, if you invest it, you can get a high profit, but there are scenarios or tend to lost.

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June 16, 2018, 02:59:41 AM
 #752

Wise things with our profits is to divert them to other different portfolio which has huge potential, even they price is very high because the chances of increasing is huge when the market starts recovering. So after making some decent profit it is good to divert your profits into different other investment strategy.
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June 16, 2018, 03:33:00 AM
 #753

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?
I manage money by cutting it into three the one is for emergency purposes and for our salary for everyday like buying foods and our daily need the other is in the bank to have a profit just a little percentage for it then the other is i invest in crypto hoping to have a good profit in return.
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June 16, 2018, 03:41:48 AM
 #754

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?
If that money is for my emergency fund I would rather invest that on banks than putting it in a risky investment here in crypto. Yeah crypto can give you much interest but it's not always on the winning side as the price is too volatile and you can't predict the situation and if you need money while the price is downfall then you end up losing. Invest only your money in crypto if you don't need it for longer terms as you can hold your funds for a better price.

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June 16, 2018, 03:59:43 AM
 #755

For me the wise thing to do with your saving, or my saving, is part it into half , the first half you set aside for reservation in your savings , banks ,vault  or any , the other part is to invest in crypto or bitcoin, manage your investment carefully and make cautions about your investment, ovserve what is the status of your investments, if it is in the good run or losing, at least you have half of your savings been set aside whatever happem to your investment.
Yeah you're right wise thing in money storage of course is having backup funds. I know many people use their money to grow in investment and so on. but they should know with the possible risks. so do not forget to create backup funds as well. it will help you if the risk occurs
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June 16, 2018, 04:18:29 AM
 #756

Your 20% of earning can be more big by investing. Investing is so much interesting in terms of earning but it has bad effect sometimes. Investing is too risky that's why some people have invest their money has their skill in investing.
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June 16, 2018, 06:18:29 AM
 #757

Im still saving because savings is your funds for the emergency purposes and if i need to use my saving in investment , i go for poultry and farming because i think its good in my place but im still in online job like this to earn more and save more money for the future business that i want .

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June 16, 2018, 08:33:29 AM
 #758

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 opinion, Emergency Funds do not have to be deposited in a time deposit account. A time deposit account has a special time before you can withdraw it and you never know when you need it. It is also unwise to invest an emergency fund because you are doing away with the primary purpose of the savings.
You should keep it in the bank for emergency needs.
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June 16, 2018, 03:38:55 PM
 #759

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 opinion, Emergency Funds do not have to be deposited in a time deposit account. A time deposit account has a special time before you can withdraw it and you never know when you need it. It is also unwise to invest an emergency fund because you are doing away with the primary purpose of the savings.
You should keep it in the bank for emergency needs.

Time deposit accounts don't prevent you from withdrawing you funds, they just penalize you for doing so early by forfeiting the interest you would have earned over a certain period of time.  If you have a 24 month CD and withdraw early, the penalty may be 6 months interest.  Because a CD likely offers high interest rates than a normal savings account, you're probably better off with the time deposit account even if you withdraw early because you're likely to make more interest in 18 months of a CD than 24 months of a savings account. And the likelihood of having to withdraw early is probably low, so there's far more upside than downside to choosing a time deposit account.

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June 16, 2018, 04:35:18 PM
 #760

For me, if it is an emergency fund it should be very liquid, meaning it can be encash anytime and the value is still the same. Emergency fund cannot be put into investment, because investment may lose value. It should be a separate venture. Emergency fund is separate and Investment fund is separate. That's the wise thing to do.

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