which would you prefer deposit your savings in a bank or invest it?

Philippines
November 8, 2010 7:58pm CST
My wife has been patronizing banks since she started working.Every payday she usually set aside small amount to be deposited later.For me the best way if you have save enough is to invest it as a starter for small business.Nowadays some banks have close because maybe they are too many, aside from the decreasing interest rates banks gives to depositors.what do you think guys.
5 people like this
28 responses
@lady1993 (27225)
• Philippines
12 Mar 21
I only have mine in banks, i am not really sure where i can invest it but yeah the interest rate is very low indeed
1 person likes this
• Philippines
24 Mar 21
yes, bank is not very good now. It is just stagndat there
@lady1993 (27225)
• Philippines
26 Mar 21
@stanley777 yeah, i tried the virtual banks since they have bigger interest
1 person likes this
@lkbooi (16070)
• Malaysia
13 Jan 11
Hi stanley777, rate of interest is too low if from the fixed deposit invested in bank here. But of course it's rather safer than to invest in fields which we are not familiar with. For purpose of safety I dare to invest part of my money amassed from my monthly earning in stock only The interest rate earned from the fixed deposit can't cover the rate of inflation. I have to made more than that. I invest in stocks which I have studied only. I spend considerable time to read through yearbook of stocks which I wish to invest. I read at least the past five years of the yearbooks concerned. I need the essential info and knowledge whether they are worth to purchase with the current price then. If the price is hike I then wait until it creeps down to my desired price. Other than info and knowledge, I have to read latest business and market news concerned every now and then. Patience and waiting for the golden opportunity is a must as well to grab the stock with desirable price Happy posting
@lkbooi (16070)
• Malaysia
15 Jan 11
From the way the banks making money we know why the rich would become richer faster and easily. They collect all the money customers deposited and invest in certain business aspects which would bring them great revenue. They pay only a wee part of the revenue to depositors. When I was new in stock market I had lost my money invested as I didn't have much knowledge about the market concerned. I thought that it's the easy and simple way to make money Anyway I regard this as a valuable lesson an experience not to invest money in field which I'm not familiar with. Thanks for your nice wishes and wishing you the same Take care and have a nice day
• Philippines
14 Jan 11
Good day Ikbooi, Now a days more banks gives low interest rates to their depositors but gives higher interest if you borrow from them.Yes, we can say its more safer in banks and sure will earn a bit, than investing it because even if you have prior knowledge about the do's and don't on stock market no one can really be sure of what would happen next.Anyway I guess you are an experienced investor, as you have said you spend considerable time studying the trend in stock market.Happy earning to you and thanks..
1 person likes this
• Philippines
14 Jan 11
Good day Ikbooi, Now a days more banks gives low interest rates to their depositors but gives higher interest if you borrow from them.Yes, we can say its more safer in banks and sure will earn a bit, than investing it because even if you have prior knowledge about the do's and don't on stock market no one can really be sure of what would happen next.Anyway I guess you are an experienced investor, as you have said you spend considerable time studying the trend in stock market.Happy earning to you and thanks..
1 person likes this
@nicregi (1934)
• Malaysia
15 Dec 10
Hi there. Saw this topic and I knew I have to reply. Well for me, invest like 90% and 10% in saving. The feeling of having spare money in times of need is definitely comforting. This happens to me last month where I was short of money. Little did I know I had a little saving and that saved my life :) Investment is great but always be careful and think twice before investing :p
• Philippines
16 Dec 10
thanks nicregi, so you prefer both.money in banks is secured just pick those established and with reputation and yes you can easily withdraw money in them in case you run short.Investing is a little risky so good orientation regarding what kind of business and you must have aback-up plan just in case...
@ktvn11 (62)
• Thailand
10 Nov 10
currently, I have no plan to invest so I decide to deposit my savings in a bank to get high rate. The interest rate now is 12%/year and infaltion is going high, so the invest in some region is too risk and have no profit at this time. May be I can invest to purchase on gold and USD for reserve to re-sell if price still going up but I do not know if price is going up or down. How do you think ?
• Philippines
19 Nov 10
So you prefer to deposit it in the bank.You have higher interest from deposit in a bank than our country.So its sure stable interest than investing it the first time.In your place your hard earned money have a better chance of competing I guess...thanks
• Philippines
10 Nov 10
Hi. For me i would like to save some and invest also invest some. Saving in a bank will give you more security, especially when rainy days come, you could withdraw it in an instant. Unlike in the investment you cannot easily take it out that instant. So i'd rather save some and invest some. Good night!
• Philippines
10 Dec 10
So you would play safe.deposit some in banks for a quicker cash and of course with interest.Because investment returns are not sure when, sometime it takes years if its too big.thanks///
@hanz87 (11)
• Malaysia
20 Dec 10
I prefer invest my money than saving it in a bank. It is because I can get more money than i save in bank. I have experience on it and save in a bank just give us a little amount of money than we invest it. Untill now I still make more money in my investment.
• Philippines
21 Dec 10
yeah its good for you.your also a risk taker as the saying goes no guts no glory.Its true banks now a days gives as crumbs from our savings which i guess they earn more out of our savings because they use the money through investments and lending.thanks
@sedel1027 (17846)
• Cupertino, California
9 Nov 10
Depends on what I am saving for, if it s just short term so that if I have an emergency I need cash it goes in the savings account, if its for retirement it goes in a plan that will invest the funds. If I'm looking for a long term investment that will give me money every month and possibly be enough to lie on so I don't have to work, then I'd invest in a business.
• Philippines
10 Dec 10
Of course saving account for banks for easy withdrawals.Long term deposit for a bigger interest just like in sayings"let your money do the working".Investment is a good option but before you re3lease your money study all the possibilities.thanks///
@lingli_78 (12822)
• Australia
9 Nov 10
at the moment, i actually put most of my money in term-deposit and only put enough in my savings account to live... i also split my money into two banks to be safe so that if something should happen to the bank, i won't lose all my money... take care and have a nice day...
• Philippines
10 Dec 10
yes now a days some banks are not stable so its better to divide your deposit to many banks to play safe.and in banks deposits earn sure interest.Not like if you invest its unsure and the returns may take longer maybe years.///
• India
9 Nov 10
The best advice which I can give you is to buy gold. By gold means i am not asking you to buy gold jewellery, but gold bullion.Try to invest in a couple of grams of gold every month, You can either buy, physical gold or go for Gold trading funds, where your gold will be kept safe, and when you want to sell this gold, you need not go to a jeweller, instead the fund will the needful. Hope you find this useful.
• Philippines
10 Dec 10
I don't know about this gold thing, but I guess its a good idea since the value of gold seldom goes down so its sure profit if you sell it at a later time.Of course save some in banks too..thanks///
@sjlskl (3382)
• Singapore
9 Nov 10
I prefer a risk-free mode. So my choice is to put it in a bank. If you find the interest rate too low, can try a fix deposit.
• Philippines
9 Dec 10
So, you play safe.For a steady interest you prefer deposit in banks.Yes time deposits give higher interest.Do it in several banks though because some banks goes bankrupt too.thanks
@2004cqui (2812)
• United States
9 Nov 10
At first a bank is a great place to keep your money safe. Meanwhile investigate your options before taking it out and moving on to greener pastures. Just make sure that pasture isn't over a septic tank! What is more important is credit card debt, don't have any. Invest in a home and keep it up. Budget for bills and keep as much of what is left in your own pocket or make sure it goes to something that will pay off higher than what you spent on it. Watch where every nickel goes.
• Philippines
10 Dec 10
Yes the first option is deposit some in banks for they earned steady interest.Study you options carefully before releasing your money, yes pay all outstanding obligations.Your suggestion was invest in homes, real estate and other earning opportunities but keep your spending below your earnings...thanks
@del2010 (76)
• Philippines
9 Nov 10
If you are not sure if the business is not profitable then why invest your money? Then the answer is better deposit it and it will surely earn but if the business you are you wanted to establish is a good one then go ahead invest your money.
• Philippines
30 Nov 10
Of course before you venture on anything you must plan first what to do if there is a possibility of success or not.In banks its definite will earn interest monthly or yearly whatever terms you like and also invest on properties I guess is also good, thanks...
@stevecsh (48)
• Malaysia
10 Nov 10
it depends on the amount of money. if its really large sum of it, then I would invest it rather than put it in a fixed deposit. High risk high return!
• Philippines
10 Dec 10
yes investment is your suggestion.So your a risk taker ha, but I suggest also to deposit some in banks to earn steady interest.well bigger investment produce huge returns. thanks///
• United States
9 Nov 10
Yesterday only i opened my account in chase bank and its the best i think so..You should also try to put ur savings in cahse bank.there costomer service is awsom.you sould try it.am 17 and they are giving me the best servise they can.no monthly fees for me thats great because i am a student.and they are providing me a debit card the the best part.
• Philippines
9 Dec 10
Yes, most banks now a days are encouraging youngsters to save money and deposit it in banks at an early age.other banks are giving high interest rates on their deposits to encourage more costumers.I still suggest investment is the best option for your money but before doing so you must have proper planning and do a research first about the possibilities that you may encounter, its your money so be very careful with your decision.good luck///
@SHAMRACK (8576)
• India
9 Nov 10
Dear friend, I may invest it if I feel to get better returns, moreover if the banks give better interest rates in any of their secure savings, then I opt for savings that is gives high interest with no risk.
@mods196621 (3652)
• Philippines
9 Nov 10
i also prepare to keep my money in the bank but not exceeding the insured amount of money has bank allotted. Yes sometimes we will think that savings money into the bank is risky but i like to save it there. I never said against investment i like that also because it has a big equal profit sharing. But it was too risky too. So I prefer the two of them i'll get..
• Philippines
10 Dec 10
yeah, in banks its sure earn fixed interest.You are careful though on depositing not to exceed the alloted amount each banks pays as insurance in case of any eventualities the banks may incur because were not sure of anything these days. also investing is a good option even though there are risks involve.thanks
@llbo1981 (1237)
• China
9 Nov 10
Frankly,saving the money in a bank is hard to earn much money.The best way to earn much money is to invest.But the problems coming,how to invest?Where to invest?Which field to invest?So many problems before us,we should reply them.
• Philippines
15 Nov 10
Its really hard to make a decision if this involves your hard earn money.Seek opinion from friends who encounters the same problem.Take survey to help you decide...If it involves bigger amount I guess investment is the best as you have said, thanks.
@toniganzon (72317)
• Philippines
9 Nov 10
I invested a million peso in a business before which failed and that really depressed me. My uncle told me that if i have deposited the money in the bank i would be enjoying the interest without touching my capital. I guess he was correct because a million can gain good interest to keep up with my expenses in a month. I don't worry about putting my money in the bank because the lesser the interest rate the bank offers, the more stable it is. That's the best way in choosing which bank to put your money in for a long term investment.
• Philippines
9 Dec 10
Yes its true a million bucks is a lot of money for an investment,I guess you have done some thinking a million times too before releasing that amount and I'm very sorry to hear about it.I do hope you recover it sometime even if not allIts true banks offer stable interest rates and for that amount its earnings are more than enough for a month's expenses.thanks///
@saqi78 (1402)
• Malaysia
9 Nov 10
Hi Stanley I think instead of putting money in the bank it is very wise to invest in some sort of business. Starting from a small business good and then you can spread your business but before this you should have know how of the market and trend of the business which you are going to start. I agree with your theory and I personally like it, but I cannot do it due to time limitation but if you have time then you and your wife should go for it...:) Happy Lotting
• Indonesia
9 Nov 10
Yes, i agree. i am like to invest too because if we invest in the bank, it is not grow much. but if our invest failed, we dont get the money . lol
• Philippines
8 Dec 10
Well before you invest your hard earned money you should think first of the possibilities that goes with it,In banks its sure earn interest but a little lower than what they give before, thanks///