Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
grim007
on 14/02/2017, 11:09:50 UTC
Savings won't grow my money so I will definitely invest it to grow money.But I will save 15% of total money.And with 85% I will buy some ETH,DOGE and LTC.I know these altcoin price will rise very soon and I will be able to cut a good profit from these.I also aware of risk in trading but I know without risk its not possible to make profit.
it's up to you to formula about saving and investing, but I think it would be better if you prioritize to save. because investment is also at risk. Surely you do not want 85% of your money is lost right?

I think he has chosen wisely in which altcoins to invest, but I agree with you that trading is always risky. I wouldn't risk 85% of all my money even if I was almost sure that it's a right investment. But on the other hand, the more you risk the more your profit might be, so that's for him to decide.

Yeah. You will not have huge profit if you are afraid to risk or loss. Because people who didn't fear to loss or risk is rhe people who always success. All successful people risk before they got in the top. You will be just stock at the bottom if you don't risk.