Quote from: Zorrocoin on July 17, 2015, 04:03:30 PM

Quote from: torrentheaven on July 15, 2015, 05:50:19 PM

Quote from: Wolframite on July 14, 2015, 02:38:38 PM

Quote from: Mayer Amschel on July 14, 2015, 11:08:55 AM

Fuck saving, go all in, in a smart way.

You will lose 90% of the time in the first 3-5 years.

Then you will start earning.

90% is too high and after losing for 3 to 5years the one may lose all hope and may never invest again.... I believe there has to be a small amount of money as financial backup

Exactly. Saving is an good idea. As if you have saved money you can utilize it at the time of emergencies. Whereas Investment needs a Capital and every person if not that financial stable who holds good captial for the initial investment So it is better to save at initial stage and once you hold a good capital invest it.

Investing at the right time in a right product is essential. saving is the most important part of financial management. And investing all in for 3 to 5 years and losing almost 90 percent of it is a very very stupid idea. It is like taking last weeks 12 tickets to the lottery in hope to get something. It is useless. You will lose all hope and money by then. saving is earning. Best option is to save 10 percent each month.

For those that are not starting off with existing wealth, the only thing to do is save, and eventually build some equity to allow the opportunity to invest for passive income.

For those that have existing wealth and investing knowledge, it makes sense to invest and grow that nest egg. With any investment though, be sure to understand the risk and the possibility of losses.