Contest : Saving & Investment in the Global Uncertainty

_{Hello Everyone. I am @shiftitamanna
From #Bangladesh}

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Greeting my dear friends. Welcome to a new contest post and this contest is organized by our Steemian friend @alfazmalek. I thank him because he organizes wonderful contests on new topics every week. Now I am participating in a new contest on the topic of Saving & Investment.

Considering the ongoing global crisis, do I think it is a wise decision to invest money now? Why or why not?

According to the current global situation, we should think a little about investing money and if we invest, we must do it with risk. I think we must take risk when investing money in crypto or other places because there is some risk in all these business sectors. However, I think that if we have enough extra money to maintain our standard of living, then in that case we can think about investing because investment is always better for the long term. There is no hope of profit in investing for a short period of time in a financial crisis.

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So in this case, if there is enough money and time, I think it is right to invest. However, in this case, if there is a possibility of being in a financial crisis after the investment, then I think there is no need to invest at the present time. Because the risk of loss is more than the profit in short-term investments.

Which savings or investment options do I consider the safest at this time?

If you have enough money at the moment, I think investing in crypto is the best thing to do. Because many of us already know about crypto and it is a token or coin that reaches skyrocketing prices. Which makes a person very profitable overnight. The crypto market does not always go up, but sometimes it goes down and at such times it is the right time to invest. In this case, if we have enough money in our hands, we can buy crypto at a low price at the moment with our cash, which we can later sell at a good price.

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However, in this case, it is important to invest knowingly because we have to invest in known and trusted crypto tokens. Although we are taking some risk, but still hoping to get something good, of course, I think it is important to invest our money in the right place and in this case, I will choose crypto.

If I had $1,000 today, what would I do with it? Save it, invest it, or use it differently?

If I had $1000 now, I would definitely invest in crypto with this money. Since I have worked on the Steemit platform for a long time and I am aware of this platform and at the same time I have gained some understanding about the Steem token, I would definitely invest my earned money to buy Steem tokens. Currently, the price of Steem tokens is very low and I think this is the right time to invest. Because we are all more or less aware of the crypto market that this market can change at any time, so I would not leave this money and buy the crypto token Steem.

I would like to invite my friends @mdkamran99, @jyoti-thelight & @lirvic to participate in this contest.

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