Contest : Saving & Investment in the Global Uncertainty

Hi everyone, I am here to participate in this contest organized by @alfazmalek in Hindwhale Community. Saving and investment play an important role in increasing our wealth as well as reducing poverty in human society.

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Considering the ongoing global crisis, do you think investing money right now is a wise decision? Why or why not?

The ongoing global crisis does not affect a person to invest their money in a tangible asset. There are many investment opportunities someone can invest in. In fact, it is one of the safest means for someone to escape financial crisis when our economy bounces back to a normal position. Investing in this difficult time is the best option, allowing a person to earn good profit in return.

Buying a house at this moment and renting it out to government or private workers is the best thing that will earn you money annually so that you can use it to survive. The tariffs imposed by President Trump are still paused, which the affected country does not agree with regarding this new policy. It's better to invest your capital in drugs and other items.

Which saving or investment options do you consider the safest in the current times? (e.g., gold, crypto, mutual funds, real estate, etc.)

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The investments I prefer to put my money on are cryptocurrency and real estate. Cryptocurrencies like Bitcoin, Steem, Ripple, and other valuable coins are part of a digital era where investors can make a lot of money. When the 47th president of the United States of America was elected, cryptocurrency served as part of an investment strategy. We can use it to make payments for goods and services which cannot be controlled or monitored by a central authority. Cryptocurrency is a long-term investment that have brighter future, no matter what happens to bank or government of any countries, our crypto will remain safe and secure.

If you had $1,000 today, what would you do with it — save it, invest it, or use it differently? Explain your choice.

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I do not like spending extravagantly; instead, I will use the money to invest in liquid assets. I would like to use $1,000 for long-term investment so that my income can increase in the near future, which will allow me to make a good profit in return. There are many people who waste such a huge amount of money on partying or clubbing; after carelessly spending such a sum of money, their eyes will now clear. I do not like wasting resources, even if it's a small amount; I will use them to buy crypto when the market is down and sell it back when the market grows.

Thanks for taking the time to read my article and I would like to invite @ruthjoe, @eliany and @goodybest to participate in this contest.