Alexandoy
VIP Contributor
I have a substantial amount of savings that is kept in the bank while waiting for more funds to come for buying a lot or land in a rural town. Many are saying that money in the bank is not good because it will lose its value. Actually the value will not be lost but just reduced slightly due to the inflation.
A friend had been investing in forex and stocks with his retirement pay. Sometimes he earns a profit and sometimes he loses. He admitted that he is entertained with trading because it has the color of gambling. If he keeps his money in the bank then there is no thrill. He has a good reason there but I still believe that when my money is safe in the bank then I have peace of mind. I just watch sports on tv for the thrill.
A friend had been investing in forex and stocks with his retirement pay. Sometimes he earns a profit and sometimes he loses. He admitted that he is entertained with trading because it has the color of gambling. If he keeps his money in the bank then there is no thrill. He has a good reason there but I still believe that when my money is safe in the bank then I have peace of mind. I just watch sports on tv for the thrill.