Savings Vs Investment?
Savings Vs Investment?
The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
Well for those investors who jump in because of FOMO, sooner or later they will know what investment is all about. How many newbies who joined in 2017, wherein all signs of a bubble is also looming, but still they go inside got burned in early 2018, then bitch around in this community saying that they have lost so much money.
So that is a hard and expensive lessons for them. Good thing though, if they’re learn from their mistakes, I’m sure they won’t repeat it, and this time, they could at least break-even if the price goes on another vertical.