Investing is best for building long-term wealth and financial security. While saving is crucial for immediate needs and emergencies, investing allows your money to grow and work for you over time. Prioritize saving if you don't have an emergency fund, and then consider investing what you can once your emergency fund is on track.
Cryptocurrencies have been on quite the ride since being introduced, with some early investors seeing sizable gains, while those who bought at the wrong time experienced significant losses. While the volatility of cryptocurrencies can be appealing to risk-tolerant investors, it's important to thoroughly research and understand the risk involved before investing.
Making money on stocks involves two decisions: buying at the right time and selling at the right time. If investors sell too early and miss out on potential gains, or hold onto stocks for too long and experience losses, it can significantly impact their returns. Proper research and analysis, along with a long-term investment strategy, can help investors make informed decisions.