what can you say?

Starting a business is always somewhat risky. Dealing with banks is usually the way to go. All I can say is do research. Really find out how safe it is, and what happens to your money if something does happen.

I think runnig business is better than putting your money in the bank .as someone said ,saving money is safe but you would get less by doing that .if your business plan is ok ,i would suggest that you run business .

Putting your money in a bank is the safest way to make it grow but forex is still the best way to multiply money. Buy currencies at the low and sell it when its price goes up. Easiest and wisest way for me to make money.

Putting your money in a bank will not give you more profit. But it is less risky because banks are usually covered by insurance like here in the Philippines, almost all banks have been registered with Philippine Deposit Insurance Corporation (PDIC) that's why your friend says it's safe. But still you will have small return on your investment. But if you invest in mutual funds and in any ventures, you can have the opportunity of earning more, if managed well. But it's risky when you invest on those institutions because it doesn't have a back up so stable like the government, yet, it could give you higher earning opportunity, and if you enter into the world of investments you have to be optimistic on something that you have invested in, of course, you should do the research and background check of the institution before investing. Just remember that usually "the higher the risk, the higher the profit." So your investment, would depend on whether you are a risk taker or not. God bless you!

your friend got a point but if i were you and you really want to build that kind of investment and you really persistent and ready to face and take the risks. i'll go for it. it is not a rush decision to make though. and the real decision will come from you. not from anybody else.

There is a point there. By putting your money in a bank is a wise way of investing. But the financial gain when putting your money in the bank is quite small rather than putting up a business and developing it.

Bank would be a better option as suggested by your friend. You will surely get your money back during recession also. It is a good investment too. Even it shrinks the government will surely help to get your money back.

The thing with starting a business is that there's always some level of risk that we should be willing to take. The more ambitious the plan, the greater risk it involves. If you have a very feasible business plan, then that's okay, and I trust you have already done a thorough research on that. But if you are not so sure about starting the business, I agree with your friend about putting a trustworthy bank in charge of your assets. You can start investing in mutual funds or government bonds. They are more high-yielding compared to time deposits and also has very little risk involved because, as what you're friend said, it's insured by the bank and/or the government. So think about it, my friend. Don't rush into things! Good luck.

hello,hushi, what kinds of business would you like to invest. how about the beauty shops in your local area. youknow wigs, it is vey popular now, you may have this consideration. haha , Before stating any business, you shoul make a detailed survey of your markets. to think whther it is worth for it? I advise you to check your local beauty shops. i can help find the wigs supplier in my country. I have know more about wigs.

Depends on how you see it. Take for example the recent economic meltdown. The government did not do anything when a company as huge as Lehman Brothers went down under. Bank Of America was also on the verge of collapsing. So it is not true, the term government will surely help. So in any investment, there is this element of risk which you have to take.