Do you feel its better to save your money or invest your money now-a-days?
I just want others opinions on the situation because I am far from a spender but even more far from a saver. All my money goes to making more money tell me about how you make money and what works for you?
Good question! I think considering the times at hand, evaluating your current situation and taking your next step accordingly is your best bet. For me, investing would be better than saving. Saving is best done when there's extra income, and well, I need the extra income first!
I prefer to invest my money in low risk mutual funds until the economy gets better and then I will start investing my money more aggressively.
Saving money today in a standard savings account does not pay much interest - some as low a 1/4 percent. But conversely investing your money is very risky today. Many reliable mutual funds used to be steadfast at 6 to 8% but the market has become so volatile, it is so risky to put your money in that sector.
It depends on how you feel about an economic collapse. Are you worried about banks and other investment venues? It is hard to say.
If I were you, I would save cash first. Set a goal - say $1000. Once you reach that goal, take half and find a sound investment. You can study funds online and see their performance. Also Savings Bonds, while low in interest are a good place to start saving.
Saving is very important even if the return is almost nil because of emergencies that come up - bad tire, car dies, battery dead, whatever. That is what you need a savings for. Once you have a little put away, start investing - but do your homework. Smartmoney.com has some good info. so does Morningstar.com
by manofmystery24 7 days ago
How would you use the money?
by Persson 6 years ago
I would like to start investing a little in the stock market. Use say about 1k. Any starting ideas?
by nightwork4 15 months ago
is there any way to seriously make money online without investing a lot of money.i don't mean $50.00 a day but enough to live comfortably on.
by Sima Ballinger 7 years ago
Which is better: earn more money or save more money?
by Flaura78 3 years ago
Investing: How should a 22-year-old invest his/her money?It is never too early to invest money. Should it be started at 22?
by Arian Won 9 years ago
I know the stock market is bad, but I'd like to start investing as I know there are a lot of great bargains out there. So if anyone can recommend any published books that they have read themselves, I would appreciate it.
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