Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
ManOnTheMoon
on 24/04/2017, 04:38:36 UTC
Investing is extremely risky, as the chance of loss is high and it may be a big loss. But there are also chances for high rewards. Relatively low risk investments are good options, Investing/trading is obviously better ONLY if you are able to control risk and be among the small % of people who win long-term. Saving is better, for most people, Saving money is always a good option too, but I am not sure which one is better.
Investing is not extremely risky as long you know the things to consider when doing that. Investing is one of the common way to earn passive income with bitcoin and have a lesser work to do because your money will work for you while Saving is good for people who wants to do investment so they will accumulate enough profits or money first before investing.
Investors are risk takes and they know the risk and on how to manage it, just like me I am investing in crypto world because I see some good potential in the future but I did put all my money on it. I still save some that is risk free, I don't know my future and anytime I might need money so it's good to have prepared it.

Its always good to do both the things and invest only that amount that you can afford to loose and keep some money safe as a back up so if your investment fails then saved money will take care of you in your tough times.