Many wonder what is more profitable today, saving or investing; And although it is a question that can be easily answered, it must be clarified that both things have their pros and cons.
The good and bad of saving
And I clarify here that by saving, I mean saving money in a bank. Saving is a way to protect money, trying to obtain some profitability or interest for it.
The advantage of saving money in a bank is the assurance that your money will be there, and that it will earn some interest. But as a risk and disadvantage you have that the percentage of monthly (and annual) interest that is received for saving money like this, is pyrrhic. Which means that your money actually loses purchasing power over time, due to the effects of inflation. Or in the best of cases, it remains immobile, stagnant, being able to be more productive.
The good and bad of investing
On the other hand, investing can be much more lucrative in every way. If you (for example) take your money and buy a premises and rent it, then you will obtain a profitability, a passive income that is sure in time. This is one of the safest ways to invest, of course, what you receive will not be gross income either, because you will have to cover the maintenance and service expenses of your premises, among other expenses.
Now, if you decide to invest, for example, in cryptocurrencies, it is an activity that can be extremely interesting and profitable for you; but you must know very well what you are doing and carry out a complete and adequate risk management, depending on your personal level of aversion to said risk and your personal strategy. This is so because while you can get huge returns by investing in something like cryptocurrencies, you are also at great risk of losing your investment for lots of reasons you may or may not anticipate.
Excessive volatility, projects that fail, etc., are just some of the risks that exist when you decide to invest in the world of cryptocurrencies, and you have to be very aware of this.
Conclusion
Only you can and should decide what is the best, the most recommendable and the most feasible for you given the case. Do you want more profitability for your buck? Investing is your thing then, but if you want less risk, then you might just want to save.
One of the factors that make more and more people join to invest in something like cryptocurrencies is the enormous level of ROI (return on investment) that they can obtain, reaching in some cases up to 5000% or more in a moderately reasonable time. But as a counterparty they also risk losing everything invested in a short time if they are not careful. These are things to keep in mind in all of this.
Personally I prefer to invest in cryptocurrencies, and in fact, I have been doing it for several years with formidable results, but I must admit that it has been a long process of trial and error, which I have gone through to achieve success. But it was well worth it, believe me!
With all that said, I emphasize that it is a decision that each person must make on their own, because each person is solely responsible for what they do or do not do with their money and investments.
Remember, you decide!
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