I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
I guess that most people here are more into crypto than the stock market, but there's a fairly safe option on the stock market you could look into. Investing works best when you make decisions based on rules. There is a simple investment strategy call the Dogs of the Dow. The idea is just that on January 1st you split the money you want to invest equally in the top 10 highest yielding stocks of the Dow Jones Industrial average. The next year you just sell the ones that are no longer in the top 10 and split the money up between the new top 10. You can see how this strategy has performed over the years on this site:
http://www.dogsofthedow.com/. It does better than any mutual fund will.