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Nix
last online: 11/28, 9:31
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Save or invest?

I guess this is kinda a gambling question, do i invest in stock which could potentially have a decent return, or stick it in the bank?

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Since writing this post Nix may have helped people, but has not within the last four (4) days.
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invest, return, bank, decent, stick
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Rockster160
last online: <time class="timeago" datetime="1713976578" title="Apr 24, 2024 16:36">Apr 24, 2024 16:36</time>
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You could also invest in the global market. Much more reliably increasing. When you “save” you’re actually just giving your money to a bank. They don’t drop that money in a safe and leave it there. They invest it. And 99% of the time they’re investing in these global economy companies. So basically there are companies that do the Day stock trading, and you give your money to them. A company like Invesco has averaged over 12% yearly increase over the last 50 years.

Stock might have an increase of 100x, but it also might be -100x.
A bank will guarantee what- like 0.06%?
Investing in a global fund will get you around 12%.

Why doesn’t everybody do that? Because not everybody knows about it. 😄 Banks don’t want you to do that, because that’s what THEY do. They want to make money on your money.

EDIT: The other reason not to do that with all of your money is there are surrender charges if you withdraw your money too early, so it really depends on how long you plan to invest for.

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SlightlyUnique
last online: 11/22, 22:44
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Really, it depends on your nature and your disposable income. If you aren't willing to take the risk, then don't invest. If you are willing to risk some/all of your savings, then risk away.

The old maxim which is appropiate here is 'the greater the risk, the greater the reward'

However, Rockster does give good advice for other options!

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sophieshizuko
last online: <time class="timeago" datetime="1711873551" title="Mar 31, 2024 8:25">Mar 31, 2024 8:25</time>
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I have invested a lot ... but not in stock or shares but in property ....

1581744157174 1581744149313 miss bot
soco
last online: 03/19, 3:49
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Invest. If the tax decrease for the uber rich gets approved, stock will skyrocket.

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We have another hurricane coming this way.

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verge
last online: 03/08, 18:09
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Just invest wisely if you invest.

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PepperJ
last online: 08/22, 17:46
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Both
Save half
Invest half

If you earn from your investments, take out half of your earnings and invest the rest....

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Araz
last online: 12/14, 0:56
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Honestly, I’ve invested a fair amount in bitcoin and my mom and husband have too. We’ve made a really good amount on it. You should look into it. Bitcoin is almost $10K, Ethereum @ $472 & Litecoin is $94. You don’t have to buy the whole coin, you can buy a fraction as well. My mom currently makes $500/day off it (she had more to invest than I do).

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twosocks
last online: 06/17, 4:52
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Either is good. Of course, you have the chance of losing stock. But interest from bank accounts isn't going to add up anytime soon. I think I get like .20 cents a year from my checking and maybe a dollar or two from my savings. They are just regular accounts though, not high-interest collecting ones.

I would say if you want to actually make money, keep an eye on stock and make safe choices. Wal mart probably isn't going down soon, as with mcdonalds. You don't have to buy a lot of stock either. Just whatever you're comfortable with and whatever is cheap at the time.

If only we could go back in time and get bitcoin when it was cheap...

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soco
last online: 03/19, 3:49
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[https://www.buybitcoinworldwide.com/price/]

Bitcoin price over time. (US)

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twosocks
last online: 06/17, 4:52
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That link makes me want to cry...to think of all the money we could have right now if we bought it while it was cheap..

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Araz
last online: 12/14, 0:56
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soco wrote:
[https://www.buybitcoinworldwide.com/price/]

Bitcoin price over time. (US)

Yeah it’s crazy

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PepperJ
last online: 08/22, 17:46
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twosocks wrote:
That link makes me want to cry...to think of all the money we could have right now if we bought it while it was cheap..

Yeah, I agree. But remember, it could be a "pump and dump" and it is not really backed by much (yet) and is getting more expensive because of the hype.

Still...would be good to have invested a ton early on...

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