Quote from: Rufsilf on January 02, 2018, 05:24:44 AM

Quote from: Makka on January 02, 2018, 04:59:50 AM

Quote from: daddypastes on January 02, 2018, 04:55:21 AM

Quote from: Amph on March 26, 2015, 12:45:23 PM

better to invest in bitcoin, gold maybe more secure, but bitcoin has more potential to grow

saving money in the bank, will only mean losing them in the long-term with the current high inflation

for me the best way is saving money in the bank and the nearest is invest in a little business that i should know that it can help me for my daily needs....

You just quoted someone that mentioned saving money in the bank is losing long term due to higher inflation. And you still think saving money in the bank is the best? Lol.

It is only the best to save money in the bank if you are trying to have some emergency funds because that is the best way to prepare for some worst case scenarios is to put some money or save some money in the bank but if you are trying to have some well placed money that might grow into a higher amounts then banks are the worst place to place your money since they have a really low interest and the inflation rate is so close to their interest rate so it is just useless.

An emergency fund needs to be on cash, you need to be able to access that money as fast as possible, also that emergency fund needs to be available for all kind of emergencies, if there is a medical emergency then if the money is on the bank is not that important, but what if there is natural disaster and there is no electricity, you will not be able to access your fund at all.