₦airaland Forum

BOTH ARE BETTER BUT ONE COMES WITH RISK

Investing is for business men while savings is for those who want to enrich the banks

Both
Investment come with more risk hence more profit

So as you dey invest
Dey save too

thecuteone:
I don’t think saving is investment cuz your money do not appreciate.

Y = C + I but I =S so Y = C + S

Savings with the current rate of inflation is like being high on cheap drugs.

Never heard of anyone that got reach from saving but the richest people in the world are investing in something

Una go go USA blogs copy rubbish come dey post here

engrfaruq:
That's my major issue currently. I have money laying fallow in my account and I don't feel comfortable with that. I've searched for investment opportunities and I've tried some but they all fail due to representation, cos I'm not available to oversee them. Nonetheless, I still believe investment is far better than saving.

Rule no 1.
Never u start a business u will not be able to monitor/supervise.
Then, investment is for the hardened ones not for ill fainted hearts

elganzar:
Saving is NOT investment


Saving is mere accumulation_ and can come in any form and it comes with very little/ no risk

Investment on the other hand is spending the money to make more money _ and it comes with risks of different (but higher) degree (compared to savings)

If you don't have heart or ready to embrace the fact that your money could be lost at anytime _ Investment is not for you

It's a trick question, and circumstances decide which is better

That's rule no 1 in investment. Investment is not for the ill fainted hearts, no matter how sweet the investment sounds.

Blackfire:
Saving is actually investment..




Duuuuhhh

Saving no be investment o. If you save money inside current account, you go even dey lose money for cot and akant maintenance.

Investment is cool though, I once invest 200k on some cable business, I recouped the money in about a year, still enjoying some of the profits.


So invest, keep only the minimum needed for emergencies, Though all paper money looses value over time
Naira has being consistently falling extremely fast since it's invention.

---investment is much better---but not under the current economic climate in Nigeria---

Lol
I don't save
I trade stocks options
And Crypto arbitrage
Keeps my money active with daily passive income

Saving is investment.... just try saving in dollars only

engrfaruq:
That's my major issue currently. I have money laying fallow in my account and I don't feel comfortable with that. I've searched for investment opportunities and I've tried some but they all fail due to representation, cos I'm not available to oversee them. Nonetheless, I still believe investment is far better than saving.

If its worth it, buy a land in an estate or location with visible development.

3 months to when you need the money, put it up for sale.

At least you'll make 10% on it.

This guy your comments dey always make my day I swear. I own you one bottle of ...... Whenever I see you

slawormiir:
Damnnn niggar
Investment anyday anytime twice on Thursday...

But as you are investing... also be flexing and enjoying

Don't be investing alone for a future that is not guaranteed...

The worse part na those way dey save only....saving for tomorrow that is not sure...
Yesterday small thing enter my account...the first thing i do....I update some alcoholic wine for my low budget ass bar shaperly
I can not come and kill myself

Bodmum:
saving is better. Investing comes with highest risk.

I kinda disagree...

I personally do both, and will recommend that for any young person with a futuristic financial prospect.

Anyone who invested in Ethereum or Bitcoin a decade ago is already made today!!!

Instead of saving 30,000 every month (even at a good yearly interest from platforms like Piggyvest), it makes more sense to invest at least half while saving the rest for future emergencies.

If you are a low income earner, just save. No need investing.

But if you are a big earner, investing sure pass. Real estate if you can or in raw foods. Naira is on a free fall.

Bodmum:
saving is better. Investing comes with highest risk.

Saving naira now is like burning money

Both but ratio of investing should be more than savings when you have saved enough to start investing.

engrfaruq:
That's my major issue currently. I have money laying fallow in my account and I don't feel comfortable with that. I've searched for investment opportunities and I've tried some but they all fail due to representation, cos I'm not available to oversee them. Nonetheless, I still believe investment is far better than saving.

if you are in abuja or you can have me come to you we can talk about investments. restaurants, farming, petroleum products, medicine, uber etc...I have plans and brilliant ideas but I lack funds

Save your money And invest it into Blogging Business

Blackfire:
Saving is actually investment..




Duuuuhhh

I wanted to say this too.
Funny how Nigerian bank pay pottancee for savings.

Trust as a resource is heavily lacking in Nigeria and
Many 'investments' are fraudulent schemes.
The promoters aren't even genuinely trying but failing. They are schemers.

God help us.

The richest man in Babylon.

tonididdy:
Saving is investment.... just try saving in dollars only

easily
I bought eth around January
Omo when I open my wallet last week I can’t believe my eye

Factfinder1:
if you are in abuja or you can have me come to you we can talk about investments. restaurants, farming, petroleum products, medicine, uber etc...I have plans and brilliant ideas but I lack funds

I'm in Abuja, and medicine, Uber and Petroleum products sound nice.

Investment.. as it stands I don't even have savings

Investing is better off, but one must know how to calculate risk and reward before venturing into investment, a friend invested $8,000 on one of the crycto currencies, early this year and today is $48,000 richer.

engrfaruq:
That's my major issue currently. I have money laying fallow in my account and I don't feel comfortable with that. I've searched for investment opportunities and I've tried some but they all fail due to representation, cos I'm not available to oversee them. Nonetheless, I still believe investment is far better than saving.

Try Land investment

Genuine!!!!

Bodmum:
saving is better. Investing comes with highest risk.

How do you get rich if you don’t invest? Saving is good but it’s just the beginning,you must invest otherwise one issue will show up one day and chop all your savings

/
The worst thing you can do is to leave your money in the bank. By fractional reserve banking, the bank can only keep a certain percentage (about 10%) of your cash available. The rest they give out as loan earning about 15-20% and pay you 2% interest.

Money in the bank does not adjust for inflation. Let's take N100k for example. N100k in 2015 does not have the same purchasing power as N100k in 2021. Nigerian bank may pay 2% interest on it but will find ways to run the fund down through charges like sms notifications, stamp duty, NIP + VAT, etc. In other words, the bank will milk the whole fund through spurious charges.

Invest your money. Invest wisely.
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