Saving vs Investing

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None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[DanielIles]

Get a free stock when you get started:

[A_francis]

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas

[FelineAirstrip]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[jameswood]

As an lnvestment enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[EstherRoss-gmqv]

When deciding between saving and investing, it’s important to understand their purposes. Saving is for short-term goals and emergencies, while investing is for long-term growth.

[roblee]

Bro 0.02% wtf is that, I'm getting 3.51% in my savings account right now which really isn't bad when the stock market could well crash soon💀

[gregbaxter]

Don’t listen to this. You need to have some liquid cash in event of an emergency and you don’t want to be dealing with capital gains in the event that you need that cash right then. What I would say to do is to get six months worth of expenses into a savings account. I.e. if your expenses are $2000 a month start working on getting $12, 000 in a savings account. Have this as your absolute savings then once you hit that point save 10% of your income into a separate bucket. Only replenish your absolute savings if you have to dip into it other than that, let it just sit and grow as your expenses increase, then steadily increase that number in the savings account.

[Vikturneer]

I remember having a consultation with a financial analyst last August, and it was incredibly insightful. Can’t stress enough how helpful experts in this field are!

[petercooke]

Completely depends on what you need the $10k for. If it’s your emergency fund it’s a terrible idea to put it into the stock market. If you’re saving for a down payment for a house it’s probably a better idea to keep it in the bank in order to avoid potential losses and to show a good savings record. You should only put it into the stock market if you don’t need it for at least 5 years and you’re comfortable with the possibility of it losing value

[tofifichannel]

Everybody’s gangsta till the stock market crashes 💀

[pappicus]

In 5 years you will have $10, 005.00. And due to inflation it will feel like about $7, 500.00. The US dollar drops about 4% on value every year so holding $100 US dollars for one year in a savings account basically turns it into $96.

[dilumwellala]

0.2% per year bro we get an average of 15% per year💀

[valleyofsouls]

But also that dollars value goes down more than .05% so the number may look bigger by $5 but it’s worth less than it was.

[lucasdurham]

Wells Fargo: “we already have 6 accounts we opened for you, which one should we put it in?”

[Adones]

I wish they would post that this is a "PAID Advertisement"

[christinabecker]

*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*

[botzGuy]

I will never trust anyone who has a sponsor in there video.

[yitraboom]

the smart person, working at the bank, would keep his mouth shut if he wanted to keep his job

[owennilens]

There is nothing wrong with having some emergency cash on savings account that is immediately available if necessary.

[zorvy]

It’s called a High Yield Savings account, you can’t have everything saved in the stock market. You need emergency funds.