Contest : Saving & Investment in the Global Uncertainty
Hello my dear Steemians,
Today I wanted to write my thoughts for this interesting contest running by @alfazmalek and if you want to learn more here is the link:
Investing money is always wise and necessary, no matter what you will find, important is that you will check before how reliable they are, so that you later are not burnt and you will not loose money instead of gaining. If any investment institute will find that you want to invest they may talk you to the magic wealth and quick success. Do not trust them just try to check up yourself. If they promise big % and good return that should make you suspicious and just avoid it.
In the time of global crisis it is often beneficial to invest in something. For example we all know that financial problem in a country may cause the inflation and if you have some for example thousands of any currency if it is loosing its value then your wealth will be shrinking. That is why, it is better to invest in something stable. You can choose more stable currencies or you can choose one of crypto but if you want something more stable and really with a good reputation then get back to gold. Often the price is stable or in some cases may grow. You also have to keep in mind that if you invest, you should use the money that you can leave alone and do not really need in near future because often we see how value is going up and down within days, like nowadays but long term they will come up.
I definitely would use $1,000 for some urgent expenses. It is not much and often we will have some needs like wanted to buy summer shoes, maybe raincoat or even to buy an annual ticket for train so that I do not worry about that for a year. On other hand I would just check up with my bills what needs to be paid and if there is anything extra left I just leave it so that I could pay for any upcoming expences.
I am inviting following users for contest: @rumanaafroz, @monz122, @uzma4882
Hola estimado amigo. Ciertamente para invertir hay que evaluar bien la factibilidad del negocio y los riesgos. Actualmente hay muchas ofertas engañosas que ofrecen grandes ganancias y debemos evitarlas. Así mismo considero que esos mil dólares pudieras usarlo en algún pequeño negocio y así incrementar el capital. Te deseo bendiciones
I think human always hope for better and sometimes even having such unrealistic promises we still can be caught by such promises.