Quote from: Amph on May 09, 2015, 07:18:16 AM

Quote from: operrajunk74 on May 08, 2015, 07:47:17 PM

Quote from: nerFohanzo on May 08, 2015, 06:28:24 PM

Quote from: Erza on May 08, 2015, 04:15:21 PM

Quote from: torrentheaven on May 08, 2015, 10:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

'Something is better then Nothing'

Rather then going for high returns investments it's better to play safe. So i guess Fixed Deposits in a bank is a good option to save money as Fixed Deposits pays you more interest rates as compared to normal savings a/c so i would prefer to save in fixed deposits.

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

You save because you want to have a extra cash or a money if you urgently needed. You will invest if you have a saving example. You have a $2500 , you only invest the 1/4 or it or 1/2 of it . Dont invest all of your money and the left you having going to save in the bank so that if you need money you can withdraw with your saving and you dont have a problem in you investment.