Saving or Investment??
By Malfred
@Malfred (134)
Philippines
May 26, 2007 11:05pm CST
if you have a chance to choose one from these two word i mention. which would would you prefer for a task?
well for me i would choose investment, even its a stake i have to gamble with. for there's a chance that i could help someone by putting my money to a good use.and at least you have a idea where your money goes.
while on saving your money, just putting it on a bank and let the interest growth..?
1 person likes this
4 responses
@inday312saylon (747)
• Philippines
27 May 07
It's so hard to make your money grow in the bank because interest rates are too low. You have to be a risk taker to make your money grown fast. High risk investments usually yield high returns. Recently, I invested 500$ in a money market company. I am expecting to receive 3% interest per day for 100 days. This was really a gamble on my part, but hey, life is full of gambles, right? One just needs to take risks in order to gain.
1 person likes this
@inday312saylon (747)
• Philippines
27 May 07
It takes a lot of gut-feel not to bet on the wrong side. You have to trust your instincts as I did. I don't put all my eggs in one basket, that way, I don't loose everything. If in case, I lost the investment, well, at least I risked and gambled, and will just do my best to recover it in other ways. it's going to hurt me but it's not going to stop me from getting rich ha ha ha.
1 person likes this
@FinancialFreedom (22)
• United States
27 May 07
Are these two things connected? You have to save and invest at the same time. Saving is spending less then you receive and investing is what you do with the excess without spending it. I mean even putting money in a savings account is investing - just with a predetermined return.
@Malfred (134)
• Philippines
27 May 07
yup those two are very well connected. but if ever you have to choose one at a time as a task, what would you choose? just like putting your one hand on saving or investment without using the other hand. too difficult ehh, and still putting yourself how you determined to make decision like inday312saylon did..
if you have to invest im surely at the same time your saving some right? but for a instance just like a bang or a snap of a hand, puttin' everythin' you got to decide. which is which..
@FinancialFreedom (22)
• United States
27 May 07
Well based on personal taste I like investment more. Simply because it is more exciting due to pure amount of options you have. Although I find myself always in the securities market. The long-term return is just better than with any other (no spam, long-term) investment opportunity.
But, of course, I also have a savings account... and I also save.
@patricios (183)
• Philippines
27 May 07
saving is on the bank when time has come you need to get your saving you will be able to use it when having investment its good because in the same way gaining some more investment than saving like you said earlier saving is letting interest growth but in the investment it will grow fast when your investing something for good that's all peace thank you!
