Topic: Don't invest more than you can afford to lose? - page 5. (Read 740 times)
The fact that you will have to lose most of your investments, maybe even everything, then this is almost 100% guaranteed unless of course, you are an experienced investor, but a beginner. Therefore, it is worthwhile to minimize your losses in advance and calmly study this difficult business. You have to pay for everything.
Yes. Golden rule. Are you going to invest money that is not even yours? Like loans? That will be difficult to accept if ever something wrong happens.
Imagine still paying up the loan with interest while the invested money is nowhere to be found due to rug pull. That hurts a lot.
I suggest saving money first, one that is different from the real savings for your future and your family. Use that. Like your spare whenever you forgot your Starbucks in the morning or you didn't do one habit that is supposed to spend money. That's a good first step.
Imagine still paying up the loan with interest while the invested money is nowhere to be found due to rug pull. That hurts a lot.
I suggest saving money first, one that is different from the real savings for your future and your family. Use that. Like your spare whenever you forgot your Starbucks in the morning or you didn't do one habit that is supposed to spend money. That's a good first step.
Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?
Do you agree?
Yes! absolutely and that was the golden rule in cryptocurrency investment, It's a high-risk type of investment, And also it behaves differently that's why it was more like a gamble compared to other kinds of investments like stocks and many others. "Invest only that you can afford to lose" is a must-follow rule especially for the noobs to avoid being caught by surprise. But most of the time people are not following that rule instead they make their own rule that was resulting in a massive loss.
Why should we agree? The reason is:
1. Invest for anything, we can become victims of scams, bankruptcies and so on. When that happens, our money is gone.
2. Investments in stocks and crypto, have price fluctuations, if the stock or crypto that we choose can't rise to the highest price, we lose money.
3. Money is one of the necessities for life, losing big money affects a person's mentality, especially if the money to be used for emergency needs.
these are just a few examples, there are many other reasons we can find and why we should use really free money, and we can keep smile even if we lose that money, no matter how much it is. There are many cases of people committing suicide because they use their savings, for necessities, even more so because they sell their houses or borrow from the bank because of investments, that not free money.
1. Invest for anything, we can become victims of scams, bankruptcies and so on. When that happens, our money is gone.
2. Investments in stocks and crypto, have price fluctuations, if the stock or crypto that we choose can't rise to the highest price, we lose money.
3. Money is one of the necessities for life, losing big money affects a person's mentality, especially if the money to be used for emergency needs.
these are just a few examples, there are many other reasons we can find and why we should use really free money, and we can keep smile even if we lose that money, no matter how much it is. There are many cases of people committing suicide because they use their savings, for necessities, even more so because they sell their houses or borrow from the bank because of investments, that not free money.
That's a rule #1. I don't understand why you even asking this.
This simple but important financial advise still stands till date. Unfortunately, people take it for granted due to greed or lack of proper understanding of the investment in question. Yes, I totally agree to this financial advise and I urge investors especially newbie to check well before investing. Not all that glitters is gold.
I totally agree that I do not want to invest in what I can afford to lose. Why would I invest there beyond my means. So all I can say is that if I can't recover from the loss at a later date, the extra investment is foolish.
Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?
Do you agree?
If you failed to follow this you are going to end up losing everything, cryptocurrency market is highly volatile you never know when you wake up the condition of the market, you could lose everything, newbies should take this at heart, there's a lot of temptation to pour always dig deep in every project that comes along, not all that glitters are gold, and there are so many projects here that's full of deception. hype and fomo.
Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?
Do you agree?
Of course I agree, because investing definitely has risks, so you have to be prepared with the existing risks (losing your money) and of course I also recommend never using your main money as an investment, because it is better for you to invest with money that you actually set aside for investment, so you will never panic sell when the price go down or when you need money and be ready if you lose the money (the risk of investing).
Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?
yep, that's a good suggestion actually than investing too much wherein despite you are afraid what will be the results after all, for me unless if you knew that you will become successful in the future with the investment you pick, probably there's no problem with it. But if not then you should invest what amount you can affor to lose to prevent regrets. Do you agree?
100% right. I saw some post in Elon mask tweet that
""we sold house now we will sell our kidney""
This all happen because they invested more than they afford. May be they got loan from someone.
Cryptocurrency can make you rich but choosing Right coin at right time and holding Is compulsory.
""we sold house now we will sell our kidney""
This all happen because they invested more than they afford. May be they got loan from someone.
Cryptocurrency can make you rich but choosing Right coin at right time and holding Is compulsory.
The greater the risk, the greater the profit that will be obtained. Doing investment activities must of course be with the ability and never invest beyond the ability because it will experience a big disaster. Must be able to control and not lose control.
people's abilities are very different, if I personally want to invest according to what we have and don't use capital that can interfere with our economy
The main thing is that we have to be able to separate those that have to be investments or daily needs..
The main thing is that we have to be able to separate those that have to be investments or daily needs..
Don't invest more than you can afford to lose because if the unexpected happens you will find it easier to get back on your feet, many walked away from crypto because they risk what they can't afford to lose, they end up losing everything and they decided to name crypto 'scam'.
Thats a gold rule, especialy if you are already not so young
Yes, absolutely. Investments are always risky even when you buying something well-known. How can you live if your money that you've spended you need to pay the rent or anything else?
Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?
Do you agree?
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