Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Ulloa
on 13/06/2016, 08:03:41 UTC
You do know there are other ways to invest..  Not just bitcoin or gold, I'd suggest talking to a finical adviser about your investment options.
If you are content with low returns then it is probably best to save your money in a low interest account.  It will be insured and is 'safe'.
Gold is a solid investment, the price is quite low at the moment, it seems like a safe long term investment, not very fungible though.

Bitcoin is dangerous, you could lose most of your money quickly, you could also make lots of money. It is fungible, if you can handle the stress of big price swings, it is a good investment in my opinion.

I wouldn't put all my eggs in one basket.  I personally am long oil at the moment, I can ride out the overproduction dip, but it won't stay at $50-60 for long, I am willing to bet on that!
i will say it is better to save money than investing it because when you save money you have some backup for later when you decide to stop with work you always have a back up or at least some extra cash for unexpected things that come your way.

If you are looking for better life in future then only saving will not help, you need to take that extra risk and invest your money where you can expect good returns in future.
Saving money is also nice but investing around this time would not be bad and that is because you have to know that it is now going to rise.
So if you already have Bitcoin you have to hold it for a long time and that is important.