Topic: Investment the way to economic stability - page 3. (Read 550 times)

Well, I agree with most --it's better to learn from small as you have plenty of times to fail. Compared to doing shortcuts and losing a lot and of course, higher gravity and higher height fall. That will definitely hurt you until you can’t even survive. I agree that if you can’t grow small, don’t ever think about growing big. The greatest talent of all is building wealth. Because it is something that has to be learning in real life and I really find this thread good.
Investment, small or big is still an investment and so grow, put on the seeds and wait for them to give you what you deserve.

To be honest, the accuracy in this selection cannot be guaranteed because the economy of many here also fluctuates relatively large with crypto, some were probably profit spikes but some were desperate and profits were negative due to the failure, especially the results often come very quickly, a few months to a year. Considering safety, maybe you should use your savings to invest on family advice, at least those two categories won't fluctuate as big as here but a few years of waiting is the least number for good results

In most of the times it does not have to have an investment platform, the investment is very broad, the word called "Diversification" always resonates, when we invest only in an asset or in a single platform the risk of failure can increase, normally people look for investments in Real Estate, Gold, among others.

Diversification in Crypto is also usually a double-edged sword, you can have the money only in Bitcoin, but some protect themselves by introducing Altcoins investment, altcoins when they rise in price usually leave a profit of more than 10% onwards when they are activate the altcoin season.

The risk that the Altcoins have is that when the bitcoin falls, they tend to fall precipitously, many times there is no chance to react to the market. Investment platforms usually have their business model index, because free is impossible, a study must be made of what is the best way to invest, according to Warren Buffet the best action is the one that can make you rich in 8 to 10 years, So you have to take into account if you want to obtain profits in the short, medium or long term. Most Investors take fundamental analysis into account, taking into account possible scenarios where the world could put itself in danger and cause the investment to fall completely to a very low value. I think that investors should do a study where they can determine if the investment is viable in the medium and long term.

And as fundamental analysis has proven over the years, as does technical analysis, according to Malkiel Burton, author of an investment book, one of the best ways to diversify is through bonds, through bonds. Digital banks, although the conditions for certain countries must now have changed, I think that investment in Gold is one of the best apart from Bitcoin due to its entire journey.

Landed properly is also good way of diversifying your assets depending on your location, many people are into buying landed properties (the undeveloped land) just leave it for sometime to appreciate in value then resell, this way you won't spend so much rebuilding, all you need is initial money to pay, no extra cost is required,
I find this very interesting, although am not that buoyant yet.

Unfortunately that is a bit too expensive for me, I would love to do some real estate investments as well, that sounds like a great plan but the reality is that we are not talking about something that would be low entry point and that is why I understand what it is not easy for other people like me to break into that.

I have considered repairing and selling method before, talked with some people, considered it as a whole business plan, my idea was that I would buy houses that was really really small and looked after horribly, I would buy it, get in, fix everything, made it modern looking, and then sell it. But that wasn't really possible for two reasons; One was the fact that it still required a lot of money for me to buy and fix it, secondly when a house is small (preferred small so I could at least maybe get close to affording it) no matter how better it gets, it doesn't get too expensive, so you spend maybe 20k fixing it, and the house price doesn't even go up that much.

Economic stability comes with proper planning and management, if you don't have a proper future plan it will be difficult to invest wisely or spend your earnings wisely,

Aside from investing on crypto (btc) I also like to look into real estate, made some little investment there, property investment is also very profitable if you follow the right part, it is always good to diversify, am also thinking Gold, a very stable kind of investment that will value as time passes with a peace of mind.

You can do both when you are earning a lot in terms of cryptocurrency, real estate is a really good investment since land is a limited resource. I mean your parents aren't wrong that you should invest but considering gold isn't in your hands when you invest in it, I would say that it is a bad idea. Investing isn't really the only key to economic stability because there are a lot of factors that contribute to economic stability and the main one is peace in my opinion.

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

As a financial advisor I agree with a good bit of your assessment here for the most part.  Now you mention "investment platform", but I assume what you're meaning to say is a "diversified portfolio".  An investment platform would be something like TD Ameritrade or ETrade, for example. 

This is of course something I preach daily, the importance of a well diversified portfolio.  I can't so much agree to the statement that those who did have a strong "investment platform" just breezed through the Covid-19 issues.  Plenty of people lost their jobs and a lot of their savings..even if they were diversified. 

I agree.

But on the other side of the story, not all of the people has the privilege to know how to invest, where to invest, and where to get that "enough" money that everyone needs to survive and secure their future. For example, a farmer is a very industrious man, but not all of them finished their educations, meaning, some of them are illiterate and ignorant when it comes to present way of investing to earn money.

While other people have their privilege to provide themselves such things because they are knowledgeable about it since they are updated on what's happening in the upper society. My point here is you can't blame other people if they don't know how to make money on their earned money, because sometimes, what they earned in a day is only enough to feed themselves or their entire family to survive in their everyday living.

I do agree with the title, .ake money work for you and not the other way around am I right? I think that anything that makes you money without having to lift a finger is the end game of every person or that could only be me, because if you don't worry about money then you will be able to do all the things that you wanted to do that could've been otherwise impossible because you are slaving on that 9 to 5 jobs.

I think the idea of investment is very overrated considering our human life span lmao, as human beings we are always insecure about the future, and in that heat, we forget to enjoy the present, a friend of mine who's dad makes like six figures says his dad invests 70% of his income  And that's so bad. I like the idea of saving like 1-2 years of your monthly income in advance so, if God forbids, something bad happens and you lose your job, you don't have to beg to anyone to continue enjoying your lifestyle as you look out for another job, but the idea of saving for decades after decades so in old age we get to be called as "look at that filthy rich guy" is gross

investment is usually for the long term, they prepare finances for the long term, indeed there are not a few people who plan for their children and grandchildren, but keep in mind that we have to be smart in choosing an investment field, so that later it can go according to plan. currently bitcoin is in its performance, more and more large companies believe in it, so it can be an option

You mentioned "good investment platform" three times. What is its significance? You are like doing a short SEO article here.

Anyway, when we speak of investment it doesn't have to have a platform. Among ordinary working-class citizens who can only afford to save so much, many are investing in jewelries based on precious metals, real estate, small businesses, small farms, and so on. In these investments, you don't need to have a platform.

More often than not, investment is closely associated with stocks, bonds, and so on. The majority doesn't get into it in real life.

From a government perspective it's actually the opposite.  Investments lead to boom and bust cycles which are anything but stable.  The government judges stability by tax receipts.  Boom and bust cycles don't have the most stabilizing effect on tax receipts.  This is why we'll see in our lifetimes a push for universal income.  This will enable the government to effectively control tax receipts, which will allow them to stabilize the economy in any way they see fit.  Sure it's horrible for things like natural selection or rewarding contributions, but government doesn't worry about such things.

A net worth of $1 to $5 million and higher in the USA is considered middle class. Its the scene from Austin Powers where Dr. Evil tries to hold the world hostage for $1 million dollars, not realizing $1M is not a lot of money in the modern world, thanks to inflation.

I agree people don't need to be rich to invest. What is required is some experience, knowledge and addressing the learning curve. Investing is hot right now is thanks to bitcoin's big bull market. It takes no skill to make money in a big uptrend. All a person has to do is buy and hold. The important thing to remember is real traders make profits no matter if the market is trending upwards or downwards. That is a much more difficult skill to attain and perhaps something real traders will aspire to.

This being the internet and information eras. Most would do better on youtube or social media promoting themselves and their brand. Than they would trading or investing in markets. The majority of newly minted millionaires/billionaires in the world achieved success in IT or tech related sectors. Those areas are could be worth focusing on for aspiring wealth.

Many people manage their lives as if nothing wrong is ever happen to them, they sign 30 years mortgages and other similar credits as if they do not understand that a single thing going wrong can wreck their lives forever, this pandemic has destroyed many people economically, you cannot see it because those people still are to face those consequences but many people will never be able to pay their houses or their partner died and now they have to maintain a house with only one income, this is why it is important to always live way below your means so you are not that affected by events like this.

Mate from the concept of business and wise thinking of expansion of knowledge into life, richness does not come from Harding working alone, it from primary strategies, plans and protocols that can activate it's prosperity, initially people mindset is that richness is what we can achieve in one day, while it comes from experience and long time planning of success, from me to be rich is plans and good channels of money to yield positively.

the person who invests means he has bright plans for his offspring. not least parents invest their finances in preparation for their children in the future. and we deserve to have such a plan. Moreover, with cryptocurrency we already have the right choice of where to invest for the future. however, stocks should not be forgotten, because both are very effective investments. if you have more finances, bitcoin and stocks are also very good.

A good investment is always a guarantee of obtaining enough benefits to get rich, one of Warren Buffet's advice is that he always took his time to choose the action that could give him long-term profits, taking into account possible fundamentals, which if They affect the investment, when you have the security of the action, you put the money and what remains is to follow up and expect benefits.

Of course, Warren Buffet gives these tips for the Stock Market, but they are fully applicable to the Bitcoin and cryptocurrency market, on the other hand another book called "The little book that still beats the market" coincides with the thought of Warren Buffet, choose the best stock to invest.