Post
Topic
Board Economics
Re: What is the best way to store savings?
by
CarnagexD
on 21/04/2023, 02:18:29 UTC
Will he invest in the crypt, or open a deposit, or does it make sense to buy solid metal?

I would say that be very crystal clear first to carefully assess your own financial goals and what you are aiming for. Your risk tolerance and investment timeline as to how long and how much can you lose before making any investment decisions. Since you are just saving it, it would make sense if you diversify and over time you just then naturally realize what you truly prefer among the three. If you want risky investment but with great returns then be with BTC and crypto. If you want conventional then go with banks or open a deposit. If you want tangible and somehow a stable price then get into metals.

There's no one right investment. But there's always the best investment specifically for you and only you can figure it out.

it all depends on the purpose of investing from the start if for schools usually invest with ordinary savings that are easy to withdraw
however, if you are investing long-term, usually people are more into precious metal housing, the value of which can be more expensive in the following year, and you can also currently follow the trend by buying bitcoin when prices are low and selling when new prices can achieve 100% profits or even more.

But do not solely focus on the profits. Every investment is risky so consider and respect risk. How much are you willing to lose and cut your losses? How long can you handle drawdowns and profits?
Following the trend is easy. But following YOUR PLAN is more important and it's challenging.