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Re: Putting money into bank or investing it?

Postby riberet19 » 07 Aug 2023, 12:29

If you want to earn some money in a bank, it is best to buy its shares better than depositing money in it, I assure you that if it is a quality bank, you will get more money in the long term than with your deposits, is what I currently do with the shares of my bank (BBVA)
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Re: Putting money into bank or investing it?

Postby Inem » 08 Aug 2023, 05:42

I know people like to play the safer route by saving their money instead of investing. That is because anytime you invest, you are taking a risk. But I would rather take a risk for my funds to multiply than just play safe for my funds to stay at the same level. Every growth comes with risks. It is better to take risks investing if one day wants to grow their financial level.
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Re: Putting money into bank or investing it?

Postby olaniyi » 08 Aug 2023, 07:51

I will consider investing if you see a geniue investment and not the that the scam us than keeping in bank in a that there won't be increment
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Re: Putting money into bank or investing it?

Postby JASPREET » 08 Aug 2023, 08:06

I am also slowly learning about stocks at snail pace LOL and will try to start with investment soon
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Re: Putting money into bank or investing it?

Postby Miley K » 04 Sep 2023, 03:03

Investing my money is the best because I get to make profit everyday but putting it in the bank can only help u spent it without having replacement
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Re: Putting money into bank or investing it?

Postby Recob » 04 Sep 2023, 03:15

Anything that stays idle becomes eroded overtime whereas anything that is always active always gathers momentum. When you put your money in the bank, you are keeping it at rest and it won't be significant with time but when you invest, you are making active use if the money and it would yield for you.
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Re: Putting money into bank or investing it?

Postby stan358 » 04 Sep 2023, 10:57

It is better to put your idle money into investment. The interest that banks are giving are too small. So investing your money is far more better..
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Re: Putting money into bank or investing it?

Postby Vehlijanta » 15 Jul 2024, 13:52

I am mostly saving and putting the excess in bank and will now start to invest money. I do have enough to start with investment
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Re: Putting money into bank or investing it?

Postby augusta » 16 Jul 2024, 05:08

I believe it depends on where you are because putting money here in my bank is a waste it's better to invest
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Re: Putting money into bank or investing it?

Postby JASPREET » 16 Jul 2024, 09:47

It's a waste of time but you cannot keep all your money in an investment as it will take time to withdraw so what will you do in an emergency
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Re: Putting money into bank or investing it?

Postby Tendz » 13 Sep 2024, 07:57

It's advisable to keep a portion of your money in savings, or other easily accessible form of cash reserve.
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Re: Putting money into bank or investing it?

Postby Tendz » 24 Oct 2024, 09:53

augusta wrote:I believe it depends on where you are because putting money here in my bank is a waste it's better to invest


Investing can offer higher returns than simply keeping money in a bank account, but it also comes with risks.
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Re: Putting money into bank or investing it?

Postby augusta » 24 Oct 2024, 14:13

Yes, we just to know that almost all money generating avenues come with its risk some are small and some are big
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Re: Putting money into bank or investing it?

Postby JASPREET » 25 Oct 2024, 08:51

We should learn to invest and should learn about the market situation, when to invest, when to hold and when to withdraw
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Re: Putting money into bank or investing it?

Postby cinderella » 25 Oct 2024, 11:14

The first step to investing is saving. In order to save the amount we need for investment, we need to practice the best hack in order to get rich, that is to live below our means.
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Re: Putting money into bank or investing it?

Postby augusta » 26 Oct 2024, 03:49

Yes, the thing is to know how to invest but importantly is where to invest to avoid being scammed
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Re: Putting money into bank or investing it?

Postby JASPREET » 26 Oct 2024, 07:31

At present I am not investing and I still need to learn and apply the basics well to do well with it
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Re: Putting money into bank or investing it?

Postby Tendz » 26 Oct 2024, 09:24

cinderella wrote:we need to practice the best hack in order to get rich, that is to live below our means.


Living below our means is important for saving money and accumulating the funds needed for investment.
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Re: Putting money into bank or investing it?

Postby cinderella » 26 Oct 2024, 11:35

Tendz wrote:
cinderella wrote:we need to practice the best hack in order to get rich, that is to live below our means.


Living below our means is important for saving money and accumulating the funds needed for investment.


More often than not, we seem to spend on things that we really don't need. This is the reason why I prefer to buy things in cash and completely get rid of my credit card. If I can't afford something, I won't buy it. I also practice investing in small amount so as to avoid having to worry about losing because I only parted with a small amount every time.
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Re: Putting money into bank or investing it?

Postby JASPREET » 29 Oct 2024, 08:43

Only depositing money in bank won't help anyone because in bank you will earn max 9% ROI and that comes with lots of conditions and taxes
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