You have a valid point. While investing creates opportunities to earn, but investing all your life savings could mean a total loss if you end up at a wrong investment. The key here, learn to invest an amount that you can afford to lose, not the total amount of your savings. That way, you are reducing the risk from losing all your money.
Let there be sufficient amount for savings and investment. They should have separate funds. That’s one way to manage your finances well, and not by risking it all to such an unguaranteed investment.
I think that in the case of money management, it is never right to invest all the money in one asset or thing or keep it as savings.Let there be sufficient amount for savings and investment. They should have separate funds. That’s one way to manage your finances well, and not by risking it all to such an unguaranteed investment.
Here I say that in an ideal money management, a person's savings and investments will be separate and there will be different categories within those investments and savings, such as investing in Bitcoin for long-term could be investment.
And for savings, both crypto and fiat stable currencies, saving within a certain amount.
So if you ever get hacked or face any other problem in any sector, you will not lose all your savings or investments.
