Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
arallmuus
on 04/07/2015, 20:56:28 UTC
but it should be remembered that investment is very safe.

Do note that safe haven doesnt exist in this world.

If you want a safe invesments better save it at bank and you will earn you profit there around 5-7% per year and you need to pay a lot of fee that you will have your payout below 5-7%

Saving in bank will get you less than 1 % monthly . "Saving" is pretty much different from safe deposits ( if that is what you meant ) . Saving is not actually feasible because the interest rate per annum ( assuming it is compounded ) will be less than the inflation rate yearly .

On the other hand, safe deposits pretty much could be consider as a "safe" investment for some people and it is up to 7.5 % per annum depending on your capital as well as the duration. The word "safe" is actually mean that it is safe if you compare it to the inflation rate yearly which means that you are still getting something (unless the country suffer a huge inflation ) but as the current incident that Bank could fall apart, it is not actually "safe" in term of security though