Carpon
Valued Contributor
In this thread I will want us to discuss whether you should invest your money or use it to save. Or if you save is it advisable to use the savings to invest or should I save for the purpose of investing?
Well if I was to give my opinion about whether you should save or invest I will tell you to first know how much you have. If it is up to a considerable amount you may weigh your terms and do the needful. If you have a safe investment to do I think it is better for you to invest.
You can even invest while saving and I at some points term investment as a kind of saving that brings yield but if and only if the investment is a secure one. You may open a savings account or a fixed account where you get paid interest on the amount you keep in the account. This interest will accumulate and bring rise to a huge amount of money for you.
Therefore if you can find a save investment to engage in I will advise you to go ahead and invest rather than save. Because you save and you may not earn anything from it but any safe and secure investment comes with some dividend on it
Savings is good but investment is better but there are people who get scared of investing, so therefore do what you will have peace of mind while doing. What will you say about saving and investing.
Well if I was to give my opinion about whether you should save or invest I will tell you to first know how much you have. If it is up to a considerable amount you may weigh your terms and do the needful. If you have a safe investment to do I think it is better for you to invest.
You can even invest while saving and I at some points term investment as a kind of saving that brings yield but if and only if the investment is a secure one. You may open a savings account or a fixed account where you get paid interest on the amount you keep in the account. This interest will accumulate and bring rise to a huge amount of money for you.
Therefore if you can find a save investment to engage in I will advise you to go ahead and invest rather than save. Because you save and you may not earn anything from it but any safe and secure investment comes with some dividend on it
Savings is good but investment is better but there are people who get scared of investing, so therefore do what you will have peace of mind while doing. What will you say about saving and investing.