Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
aiub
on 27/08/2016, 23:44:29 UTC
my tips are: invest on things that will give you dividends if you won't need the money you plan to invest any soon, invest a bit on several different things rather than a lot on the same thing (ex.: if you have 10k to invest: 1~2k on BTC, 4~5k in stocks, but not all on stocks from the same company or into a same niche of company [ex.: don't buy 5k in stocks from several gas companies, buy 1k in gas, 1 in electricity, 1 in software development, 1 in entertainment, 1 from a bank], the other 3~5k I'd invest in assets like metals and oil, or, if your country has those for sale, which is the case for Brazil papers from the National Treasure -those work basically like stocks, except they have an expiration date, after which you'll receive let's say double, sometimes 2.5 times what you paid for them, and they are said to be as safe as having your money on a saving bank account, but the profits are much higher), then I'd go investing like that until my monthly profit in dividends is high enough to live solely off them, and start investing into more substantial things like real estates, maybe...