Quote from: wearepoor on July 23, 2015, 01:19:21 AM

Quote from: arallmuus on July 22, 2015, 11:01:16 PM

Quote from: notlist3d on July 22, 2015, 07:44:01 PM

Keeping money in a savings account it pays a tiny tiny amount of interest. I would not recommend it as an investment.

Saving your money isnt a form of investment because the interest earned is pretty much low, even if you compound them over for a year period then you will get the interest rate will be lower than the yearly inflation rate .
That means you are losing money each time you save them up, however atleast you are exposing your funds to a smaller risk . On the other hand there is always a safe deposits which could be consider as a form of investment, kinda combination of both saving and investing

Yes and saving in a bank is not a good option as it doesn't pay you great returns. Rather I would choose to keep my money safe in mutual funds as the returns are more than a normal interest rates of the bank and if it is market based then depending on the market will get the returns.

Keeping money with normal interest is better than saving in banks, and also its better to save your money in mutual funds that have a compound interest, because you can earn more profit in compound interest than a simple interest.