In last 15 months, our local currency has observed massive 70% dip in worth. Just 15 months ago Dollar worth was around Rs 180 and currently it is trading around Rs. 316. Such massive dip in currency worth make bank investment worth less as the dip in currency is much more than earning of 20% APR.
Now, the question arise in our mind, what is the worthy way of saving. In my opinion, there are multiple options available. So, selecting an option depend upon your choice.
One of the safest investment is in gold and other metals. Unlike, money depriciation Gold price observed massive pump in recent years. Saving in the form of gold is a good option as it is considered as a cash deposit, you can easily cash out when required.
Another way of saving your money is to invest in any business. Business will help to generate extra income. Even you can buy property with money. It's all depend upon you.
You can even invest in stable coins. Investment in stable coin is not enough you have to choose a stable coin which is offering decent APR on investment. We are lucky to have Hive platform stable coins HBD which is currently offering 20% APR on HBD investment. The beauty of stable coin is that it is relatively safe and doesn't fluctuate its worth with time.
You can also invest in alt coins but there is huge risk involved in investment in alt coins. Better strategy for making your saving worthier is to diversify your investment. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Ultimately, whether bank savings are considered "worthless" depends on your financial goals, risk tolerance, and the broader economic context.
While savings accounts may not provide significant growth in wealth over the long term, they can still serve as a safe place to store money, especially for emergency funds or short-term savings needs.
However, it's advisable to explore other investment options that align with one's financial objectives to maximize the potential for wealth accumulation.
well said. Thanks for stopping by and sharing your thoughts with us. Stay blessed
a lot of ways to save money, and also to generate more, but the question remains what is the best method and how to save it, stable-coin is a good way to save but after what happened to LUNA I don't think people will consider stable coin stable, but I think that gold remains the best Obtion.
Indeed gold is the best option. Better strategy is to diversify your investment.
OH, you are also from Pakistan :P This $ hike is not going to end soon, I have news that $ is going to touch 450 Pkr, It will take the inflation so much hight that the people living in Pakistan will start to kill themselves.
Let's hope for the best. Stay blessed
I had this saving app that gave 15-20% last year. This morning, they have reduced all the way to 10% I chuckled hard when I saw the news because I remember our HBD still stands firms and proves to be a stable coin regardless of what the market is doing.
Yes HBD is considered as a good investment strategy.
People in Pakistan who had kept their money in dollars only in the last two years, today their money has doubled because the value of the dollar has risen to 316. And we will see an increase in the price of what is currently going to Pakistan in the coming months.
Government has to stop cash out flow of Dollar. Beside, this government required to create effort for the political stability in country. Stay blessed.
The government of Pakistan will never want the dollar to come down because all their money is in the dollar.
Yeah brother, its disappointing to see pkr fallling badly.
Very disappointing. Deprication in pkr has inceased inflation exponentially. Let's hope for the best.
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