Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
andrei56
on 04/06/2018, 22:13:16 UTC
emergency funds should not be invested. because we know that this emergency situation can happen anytime. we can not predict about this. if an emergency fund is invested in cryptocurrency and you need funds but the market price goes down, will you sell it directly.. Huh
I agree, must not use our savings fund in investment, we must learn how to balance and divide our money. Mostly we used our savings for important things that we need. It is much better to be prepared for anything that may happen and you have your savings because you dont need to worry for the money that you need for that time.
Diversifying it will keep us safe, have some in bitcoin or crypto and make others for real life investment that can be used when the market sees bearable.
Diversifying is a good thing, but people need to remember that investing in different cryptocurrencies is not enough if you can invest in some other investment products then do it, even if those other investments are not going to give you that many profits  we must find other forms of investment, investing in gold and silver is a good option and if you can afford it then invest in real estate as well.