Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
micky123
on 19/08/2015, 08:53:55 UTC
Save money first and then invest it! That's my mantra. Cut down on frivilous expenses like eating out all the time and cut down on partying one week a month. This will ensure that you save a bit of money. Once the saving is in place, then it is time to invest. Diversify investments across all asset classes: Crypto, Bank FD's, Collectibles, Shares, Mutual Funds, ETF's, Gold, Silver... well you get the drift. Never put all your investment eggs in one basket, especially not one as volatile as bitcoin is, if you want to live a healthy life! Cheesy. Good luck!