Savings Or Investments, Which You'd Prefer?

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Avatar for Willtravis
2 years ago

Hard times calls for hard decisions, everyday comes with its expenses but we can never be too prepared for tomorrow, what if the job stops paying, what if the company I'm employed to closes up, what if I get into unexpected needs, would I have enough to settle the bills? How about planning for a future, I want to get this or buy that in 2 years times, I want to plan this down for my unborn kids, then I have to start now, be it a plan for unforseen occurrences or a plan for a better future, we have to plan it now, and this planning has to fall between two options, do I save or do I invest.

I very much want to use this article in breaking down the benefits of both as well as their other angles to note. Won't really call it a detriment or side effect because it is not certain, just as a seed sown to a ground is left unknown if it would germinate or not until it starts showing forth growth, same goes to this savings and investment, sometimes all doesn't go too well while sometimes it does, the best we can do is go with past records, that is if that medium has shown good results overtime then it'll be safer to save or invest with it. Lets dig in fully.

Savings :

As much as most people would prefer to invest their cash for a greater return tomorrow, some people too are skeptical and feel its safer to save it and keep saving it bit by bit until the set time they'll be needing it. They prefer this more than blindly offering their hard earn money into an idea they can't fully control, even if they had a say about it but it still isn't an 100% assurance of it's promised return. However its not easy for people saving too they have a lot going through their minds.

Questions like, how do I save then. Is my bank credible? How sure am I that the financial sector I'm saving with won't fold up before the time I need it. Would I be happy when my colleagues who invested theirs are enjoying a multiplied return and I'm just having that which I have saved. Or do I just save my money the old way, that's is build a place to store it at home. Moreover its safer this way, but won't it decay?

Hold on let me take a look at the investment angle.

Investments :

Oh so many people right now are drifting towards this direction, many thanks to Cryptocurrency being an eye opener to the need of investments, well it still is an eye opener to the dangers of investments, as you could still hold on a bad timing and lose your money. But generally everyone wants to invest which is a great idea, to put in little today and that little turns out to be multiplied in the future making you smile to the bank.

However one has to be careful with investment, and be truly sure the platform is worth the promise they profer. So many including myself has fallen into the hands of bad investments, only to later regret the decision and hoping I saved or spent it too, but this doesn't make investments generally bad. Many have invested wisely and are eternally grateful for the faithful day they made that decision. It truly goes both ways, you win some you lose some, until you learn and know the best option to follow. Let no one lie to you, both saving and investing are risk, but are risk worth trying.

I'll keep on saving as well as investing, my past experience or bad rumors I've heard are not getting deep into me, then how about the awesome stories I've heard from people who invested or saved, or the few I saw for myself. I guess the best action is to take time to study whichever or whatever you want to invest in, reason cause you can't blame anyone for things going bad, so you have to research for yourself, if after your findings it is okay by you and your mind is willing to try then you can. Its what makes us great, making tough and analytical decision. I strongly believe we'll make the best choices.

The Choice Of BCH :

I remain that one guy who speaks for BCH among a crowd of many, it is a great option to save and invest. Its prospect remains high, have you seen what BTC is doing, how about ETH, then you are yet to see what BCH would do when it kicks off, already breaking the $1k mark, it wouldn't be hard to surpass again, but BCH is willing to take as much people as possible on that ride. So get on with BCH, let it be your anchor coin. BCH!!!

Thanks For Reasoning with me.

Thanks For Reading.

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Avatar for Willtravis
2 years ago

Comments

For me I would prefer both. I will invest and at the same time I will invest. But must be very careful and smart on doing this.

$ 0.00
2 years ago

Both are good options, and indeed we need to be careful while we do it.

$ 0.00
2 years ago

Yhupz☺️

$ 0.00
2 years ago

I think it is important for people to keep roughly six months worth of living expenses in a savings account. This way it is easily accessed in the event of an emergency, or the loss of a job. Keeping much more than that in savings is not always a good idea since generally speaking, even though savings accounts do pay interest, you still lose money.

Why? Inflation. The only way your money holds value or gains value is by earning an interest rate higher than the rate of inflation.

As for investing in the stock market, the best thing to do there is to learn all about HOW to invest. Learn the difference between long and short positions. Learn about dividends and ex dividend dates and how this all works. Learn about options and how they work. Seasoned investors DO lose money. But often times the amounts they lose is less than the average investor simply because they have a better understanding of how to mitigate and reduce risk. They know how to hedge.

When it comes to crypto I think it is wise to limit your exposure. Keep in mind that it is a currency, and so it acts a bit different than things like stocks. Stocks are essentially businesses that produce things, and generate revenue from the things they make and sell. Currencies are used to BUY these things, and so the better investment and the better return will likely be from stocks. Not crypto.

If one really want to increase their wealth they need to have a balanced portfolio of many types of investments. Savings, stocks, bonds, annuities, and yes, a little bit of crypto. You can toss real estate in the mix too if that's your thing.

As with any investment, though, the key is not simply having some money invested in something. The key is knowing what you are investing in and why. If one does not fully understand HOW their investment will make money, they should not be invested in it. You'd have better luck at a casino.

$ 0.10
2 years ago

You definitely deserve more upvote than I gave but bear with me. You really schooled me here. I truly learnt a lot and I can't agree less, I'll surely have to put all what you've said into consideration. You sound like a financial expert, Thanks for this awesome comment. ❤

$ 0.05
2 years ago

I have been at this for a very long time and I always happy to share. :)

$ 0.00
2 years ago

I'm glad you did share

$ 0.00
2 years ago

There is no one you choose that is bad or not good, either you save up till when you need it or you choose to invest it in a business the both is good But as for me, I prefer the two because when business is down you might need some change to boost up back so if I save up I will just get that and boost up my investment

$ 0.03
2 years ago

That's true... I do both too... Its a smarter choice.

$ 0.00
2 years ago

Yeah it is a very good choice

$ 0.00
2 years ago

I'd rather invest my money than let it sleep on my bank

$ 0.00
2 years ago

It's a great idea to invest and save, it's a good plan for the future purposes, instead of spending our money in nonsense things, why don't we just save it or invest it. Saving for a better opportunity in the future.

$ 0.00
2 years ago

Savings and investment both advisable but it depends on person appetite where he/she is prefer. Saving is safe useless the bank fold (as you mention) but investment is more risky especially today where scammer is rampant.

$ 0.03
2 years ago

You know right, it doesn't makes either a bad option, let's just be careful, really research before leaping especially in cases of investments.

$ 0.00
2 years ago

Thats the most important😊

$ 0.00
2 years ago

Thats the most important😊

$ 0.00
2 years ago

Though saving money preserves its nominal value, it's opportunities to grow are limited. While investing, you give your assets the potential to grow over a time-period. Typically, you re-invest your interest, dividends and other capital gains.

Hello! I'm new here and I'm just looking for some articles to read. Sorry but I can only afford a thumbs up for now.

$ 0.03
2 years ago

Thanks so much I truly appreciate your awesome. 💪💪

$ 0.00
2 years ago

Indeed it is a wise decision to invest and save. We even don't doubt when we spend on useless things how much more on spending and investing. Those were the things our future self will be grateful for. So, as early as we can, we should do ourselves a favor.

$ 0.03
2 years ago

So right Murakamii... Saving and investing is a wise choice to indulge in. It opens an opportunity to a better future.

$ 0.00
2 years ago

Both options are best for different people but it is more risky especially saving and investing when you can't guarantee their safety. Even if you want to save on your own, it can't multiply. Also investing especially on crypto is very risky when you don't understand the terms in it.

But with Bch and seeing its future, we are sure that both saving and investing can go a long way to break poverty if only we can Hodl for the better days.

$ 0.03
2 years ago

I like how you put it, very explanatory... BCH is doing more. However we still would have to save and invest normally too on well trusted organizations.

$ 0.00
2 years ago

This article pushed me to hodl, but I will do that, half only as the other half is for my goals

$ 0.03
2 years ago

That sound like a good head start. 💪💪

$ 0.00
2 years ago

I have some savings in bch since starting noise and read. I still have to read more about investing.

$ 0.03
2 years ago

So lovely. I've always been with BCH, saving with BCH is more of an investment too, imagine your money increasing with the possibilities BCH offers. To the moon.

$ 0.01
2 years ago

Indeed! I am motivated and inspired by those who have saved a lot :)

$ 0.00
2 years ago

Yes indeed it is.

$ 0.00
2 years ago