Post
Topic
Board Economics
Re: Do you believe in savings or investment
by
Promocodeudo
on 10/04/2024, 15:41:10 UTC
What do you think?
Saving will not be able to help us to beat inflation because the benefits we get are very small and the value will continue to decrease due to inflation, so if you want to have a better economy in the future, investment is the right choice, but you still have to save because savings are an emergency fund, because if you only focus on investing without having savings, it is very likely that you will sell your investment at a loss or have not achieved the desired maximum profit because the investment is for the long term, more than five years, the benefits you will get are very good compared to if it is only one or two years.
So I believe in both, and doing both is much better for our financial future.

Exactly, savings does not not help inflationary situation but investment does, when investment is I place different things are bound to happen, things like job sustenance and security, the economy of such nation will be strong to the extent of surviving inflation and economic woes, it is advisable to invest as an individual even though you want to save let it be that you have invested much because saving is just temporal to solve emergency stuff but investment is a long term asset that can be given to your generation to come, so for me investment is the best approach to successfully build and sustain wealth, when you save, you may likely become poor because your savings may not have interest rate and once there is a financial crisis your money may lose value and you won't recover from it.