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Best ways to save money?

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5:54 am
August 3, 2013


JHONTY FX

Member

posts 27

5years is quite a few years away. not to mention you are a student– you are occupied by studies & won't be able to save much. if you wanna buy a house in that short amount of time, saving won't get you there. Also consider time & condition of the housing market —in 5years, do you think house prices won't be that high;you might wanna consider & compare your goal with the time horizon.. 

Investing, not saving, is the way to go –if you really wanna achieve that goal. Saving money won't "grow" your money, investing will. Try to learn about several investment/asset classes — invest thru real estate, Forex (foreign exchange trading), stocks, bonds, options, futures, commodities, bonds, mutual funds, ETFs, options, etc. Each has their pros & cons; ALL entail risks AND/OR earning potential WAY BIGGER than savings. your risk appetite, personality & goals will determine which of these will be your investment vehicle(s).
Again, i remind you to do your due diligence & research before you dive in. & as much as possible, use INVESTIBLE money –that is, avoid investing money which you've set aside for monthly allowance, rent etc because doing so might "hurt" you big time.

Focus on your goal, be determined, LIVE WITHIN OR BELOW your means, do your research & you're on your way to achieving that house…! Good luck!

Source(s):

books, personal experience

1:26 am
July 23, 2014


Jamal Mia

Member

posts 42

The best way to save traders trading balance is to go with a Good broker house. Because so many scam platform has risen in Forex trading industry and people are being cheated because of those broker. This is why I chose to trade with Worlds greatest broker house called OctaFX. For the stability, perfection and close attention to detail is simply makes this broker totally different from its competitors.

 

I am happy to trade with such a great and largest broker. Because OctaFX provides Forex brokerage services to its clients in over 100 countries around the world. I know my trading is safe here and broker always ensures my profits. The most important and interesting thing is that, OctaFX has developed a variety of options to make your Forex trading even more convenient. My broker uses separate account to protects our trading balance.

2:02 pm
September 27, 2014


mr walner

Member

posts 14

I think the best way a person is going to save money is to find out the best brokerage company just like we do with banks we deposit our saving into a bank where we get maximum returns. I prefer trading with OctaFX as with any investment i get 50% bonus instantly which automatically save me a lot of money plus they have such a low spread so we don't have pay like 3-4 pips which most other brokers normally ask we just have to pay 0.2 pipete which is unreal.

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