Which is best? Leave your money in the bank or invest it on something else?

Philippines
August 9, 2010 2:10am CST
I'm pretty much puzzled on what to do, Will I have to leave my money in a bank, waiting for those small earnings on small interest rates but completely having it there secured? or shall I invest i it on a business? Can somebody help out here?
7 responses
• Mauritius
9 Aug 10
hi juliusports, it depends what type of person you are. If you like taking risks you can invest your money in a business. You can earn different returns depending on the type of risks you are taking. Hign risk business usually have more return compared to low risk one. You can also leave your money in bank, it is secured but have a fixed return which may be relatively low compared to investing in business. i strongly advise you to consult a financial advisor before investing your money.
• Philippines
9 Aug 10
thanks for the advise. I've been to a couple of businesses before and i frequently fail that's why I'm too worried about some investments now a days.
@picjim (3002)
• India
9 Aug 10
The ideal would be to keep what you require for a few months and in case of emergencies in your savings account.The rest you may invest depending upon your risk appetite either in bonds or equities.Those who want high returns can invest in equities but here one must note that returns are dependent on market conditions.You can invest in business if you have studied the market and can take calculated risks provided you feel you certain of the results.
@picjim (3002)
• India
9 Aug 10
Error:you certain should be you are certain.
@sirrob (4108)
• Philippines
9 Aug 10
Trust fund and bonds is one of the best thing that you need to be having in your mind right now. If you don't like it be idle in the bank because of it's low interest then try getting more knowledge on it. If your are kin on getting into business then that depends on what ind of business you want and make a feasibility study about it before you engage. Also, it is best that you get involve with business that you love and know so you can sustain it.
@yumanal (143)
• China
9 Aug 10
It deponds on your interest,if you like risk,invest something,if you like safety,keep it in bank.
@puccagirl (7294)
• Israel
9 Aug 10
It all depends on if you are willing to take risks or not. If you put your savings in a bank account, the money is safe, but won't grow as fast. But if you invest it... you can make more, but you could also loose your money. So it all depends on if you are a risk taker or not. (Personally I only invest if I understand the investment in question really well)
@amrddy (215)
• Philippines
9 Aug 10
It is good to have money saved for future use, however, you can always use a little of it to invest in something that will make money for you. There are always some short term investment or put up a food cart business. Just remember to find a good place where lots of people pass by and your food cart is saleable. Goodluck.
@cajimenez (452)
• Philippines
9 Aug 10
It is better to invest your money on business . But, you've got to know what kind of business to invest into. Business is also gambling,, one must learn the techniques...