Which one do you prefer - Savings or Investment?

money - money and food
@smilyn (2964)
United States
July 31, 2008 6:29am CST
Anybody with a job earns some money. But saving the money or investing the money correctly is a very difficult game. Specially investing the money wisely to let it grow is a difficult one. Savings helps us to get the money at any point of time. BUt when it comes to investment it is a long term project..So which one do you prefer - Saving or Investment? How do you let you money grow?
2 people like this
6 responses
@jingke (106)
• China
31 Jul 08
It is investment,of course.No investment,no savings.Savings are temporary while the investment is long-term.you should also think for a second time before you make your mind to invest something.something like 'Am I familiar with the topic that i invest to'and 'What can I do for details with the investment',What can I obtain from the investment?Last but not least,appropriate saving is essential.
2 people like this
@smilyn (2964)
• United States
1 Aug 08
Yes,investment in any field should be done only after having some knowledge in the field. And one should not forget about the savings too..
@LimoChang (193)
• China
31 Jul 08
Both,I'll first save part of them according to my living standard,so that even if something happens one day,like the stocking market goes down and my share shrinkes,i will still be able to make it through for some time. Then with the money left,i'd invest them but i wouldn't put all eggs in one basket.
1 person likes this
@smilyn (2964)
• United States
1 Aug 08
You are doing a wonderful job..That is a good idea to have a good amount of saving first and invest the rest..
@ANTIQUELADY (36468)
• United States
31 Jul 08
i prefer savings. i don't know enough about investments to deal w/them. i wasnt what little savings i have to be safe. don't play around w/my money. don't want to lose it, worked to hard to have some saved.
1 person likes this
@smilyn (2964)
• United States
1 Aug 08
That is true..Savings is safe and investment has some risk.
• Malaysia
31 Jul 08
I'd rather invest it in stuff like property or anything that will have an increase in value in the long term. Savings is a safe game cause its guaranteed and stuff but the returns are too little when compared to investment. no risk no gain
1 person likes this
@smilyn (2964)
• United States
1 Aug 08
That is true..With savings you get little returns - but they are safe and sure to get..But investment needs risk bearing.
@lrglara (1347)
• Philippines
31 Jul 08
i always say DIVERSIFY, DIVERSIFY, DIVERSIFY... can't get enough of it... i don't have to choose among investment or savings. i'll definitely have them both ways like what im doing now.
1 person likes this
@smilyn (2964)
• United States
1 Aug 08
That is a good idea..Diversification is the best concept..
@ruby222 (4848)
31 Jul 08
Most definatey saving for me,I wouldnt use investment,but im not a speculative person.There are many who love to speculate,and as the saying goes ,you have to speculate to accumulate..and my brother in law has a good time on the Stock market,he tends to get inside information lol and he does very well,but lol he doesnt tell us when he has a bad day!
@smilyn (2964)
• United States
1 Aug 08
Stock market for so good to invest some 7 months ago..But now a great unstability is seen in my country. Only experienced people can stand there now. Moreover only long term investors can profit in stocks.