Topic: The best way to manage free money - page 13. (Read 2034 times)

Best option would be split money in portions On Gold , Long term holds and leave some change for daytrading as hobby that keeps you bussy and allows you to look for news about markets and coins.
If you have a decent bank invest 40% stock shares like Gold Silver  or anything else that continuesly brings you profit most of the time. Then You could give Long term holds 30-40%~ Split it around few coins dont go just mainstream i.e. eth btc ltc im not saying these are bad coins they are superb but becouse of its already huge mrkt cap you wont make it 3x-5x anytime soon. You could look for a growing project to invest long term I.E. ICX , EOS or even look for ICO projects. And keep some change 10-20% of your stack for daytrading spliting it even more so you get used to it and gain more experience with time this way the losses you may get won't feel as much as painfull as they may.
Trading is a must even when you fail at it. Right now looks like a decent time to pick some long term holds from alts as they are heavily discounted
Good Luck.

Maybe i will deposit some of my money in the so that i will have something to use when im old enough im not after how much is the interest i save to avoid spending on nothing important then i want to put up a business a computer shop because its in the trend and i want also to invest in crypto.

My own opinion on how to manage money not just free money from the list you gave :

1. bank deposits: The interest rate banks gives is not enticing to small, so I will rather not save my money in the bank with the aim of making interest
2. lending cryptocurrency: Lending through exchanges is safer and nearly risk free as the borrower must maintain a certain % of collateral
3. Mining : Mining is too expensive . Best to join a mining pool if you must mine thought buying your coins  is faster,  easier and cheaper
4. gold assets: Not a bad investment but am afraid of being robbed and gold stolen
5. property: Good investment
6. other ideas - I will rather invest in bitcoin and HOLD . Am sure of a very good profit over time

All of the above mention ways are good to manage your money,but depends on how you regrow of it with a good  profit,i''ll do rules to invest into other business for which is more profitable.

Basically investing is all about setting up financial goals and making financial plans based on those goals. Your question is very broad and you need to break this down further. There are many financial products on the market and their suitability have to be gauzed from your unique financial goals. You can do the following exercise:
List out your financial goals like how much you require after how many years/ months to get to that goal. Then you need to put inflation figures on to this, this will give you exact figure how much do you want.
This will be the basis of your further financial plan and subsequent selection of financial products.

but we still have to do that, because every day we need for transactions various life needs. and I think the deposit interest in our country of 5.8% per month is very large, without having to do anything. we both know that crypto in our country is still illegal to use as a means of payment.

I've bought a bit, 1 btc and some legend crypto, and now I trade in lending market. I still expect BTC to drop below $ 5000, so I can buy more for long-term investment.

Getting involved in cryptocurrencies requires a heart of steel because we know volatility is one of the reasons we can gain or loss a profit in just a short period of time. Also, it is much better to invest assets in longer term because crypto will surely increased as the time goes by.

For me putting it in the bitcoin is the best way to manage your free money,
It could earn more by just holding it ,If you couldn't do trading then just keep your money in bitcoin.

few days ago I was hesitant to make a choice. that's why I made this thread, now I've decided 2 things, deposit in the bank and buy some crypto assets.
for property, now i am studying about legality, indonesian property market, searching for the right location, and the cost is affordable with my money.
I do not want to buy property wrongly, and have problems with legal and ownership disputes. your suggestion is very reasonable, I am not a speculator, I have to play safe, thanks.

you are absolutely right. That's why I made this topic, to get a lot of information and read the right situation before making a decision. For example, some comments provide information about current crypto market conditions, then I dig deeper about this situation, then compare the data over the years, until finally I dare to decide to set aside some of these funds to buy crypto assets, then I put my crypto assets into the lending market. automatically my assets will increase by itself. I can sell profits at any price, without fear of loss. but my assets are not reduced.
I find it very helpful to share information like now, we get lots of information from many friends, including you, and thank you.

You should invest in cryptocurrencies. It will be profitable. Nowadays Bitcoin's price is low. And it is the best time to invest here and get enough profit from it in future.

I just suggest, don't put your money in the bank. You waste your money there and there are some fees unlike if you buy altcoins, your money will still be profitable in the future.

I made this topic because I have free funding from following the bounty of ICO some startup, thanks bro.

I agree with that, and this topic is part of the process to make your point. thank you, your comments I consider as support for my wishes.

Thanks, I passed gold and mining, I chose the numbers 1, 2 and 5.

The best answer to this is depends on every situation. We all know people are different,  have different wants and different problems, so the best way to manage free money depends to us, you may buy it a house and lot, car or save it in a bank.

Face the future and determine what makes you comfortable. Its all about decision making ,for me I would like to save in the bank then plan to build a house. It's hard to notice our tomorrow so better to save and involve on bitcoin because I know bitcoin can help me provide my needs and support my expenses daily.

I've learned that, everyday I still use the bank to transact, the benefits that I get from my direct investment store in the bank. for the case of this thread, I play safe, set aside 1/3 free funds for deposits, I use this fund for backup if there is a sudden need, and the largest deposit interest in one bank in my country (Indonesia) is 5.8% / month, while the normal monthly inflation rate in my country based on "Consumer Price Index" ranges from 0.5% -2%.
we never know when we / sons / wives get sick, have an accident, and many other misfortunes we can not guess, I have health insurance, but that is not enough to meet those needs, because when we get hit, cost is not small. or maybe we want to visit distant family places, or maybe our parents are sick, including if I want to vacation with family. trveling to various places. I can not imagine, when under these conditions, the crypto price is bleeding, for those reasons I must have a reserve fund.
and a few days ago, I had allocated another 1/3 to invest in crypto, BTC, ETH, MAID, STR, XRP, IGNIS. Some of these cryptoes I currently invest in market lending, in Poloniex.
Last 1/3 is still not used, plans will be allocated for property, but apparently still not enough to buy Nice property, so I have to be a little patient and try to be more serious. and thanks for your suggestion.

with consideration :
- Need a special place so as not to disturb around.
- Power consumption is not small and the price is not cheap.
- average crypto prices are already high, especially BTC.
- Currently the price of mining equipment is expensive. as well as VGA.
- Supporting equipment also costs a lot (cooler, fan, power grid, CPU, PSU, etc) and much more, including maintenance.
I do not dare to be a miner, different story if I start to mine a few years ago, for example 2014-2015. but I am still grateful for your suggestion.

There is no universal answer to this question. You should always change the way you make money. Real estate is considered a safe way to invest but we all remember the collapse of property prices in 2006-2008. Mining is also losing its appeal now. The price of all cryptocurrencies is falling. Perhaps now we need to look for new ways to invest?

Market price on crypto right now mostly down and its opportunity to collect some coin/token with good project. Investing on crypto for long term, I think that good option beside property or deposit our money on bank

In my opinion if you're going to invest your money through:

1. Bank Deposits - your money will pay lower rates over time, but the good thing is when you need to withdraw it for emergency purposes, it will always be available and it offers high security.
2. Lending cryptocurrency - for me, this is also safe and secure however, very risky because of the volatility of the coins.
3. Mining - it is very expensive but the good thing is you have full control over your btc at all times.
4. Gold assets - gold is a metal that is considered as safe haven since it's store value increases overtime. I prefer this form of investment.
5. Property - This is the best form  of investment for me since real estate value increases in time. I haven't heard house and lot depreciate in value regardless if the economy is bad or not. You won't regret in real estate investment cause it will pay you high rate of return.

I agree to that. Having real estate businesses are the best way to generate passive income because you will just buy some good real estate property and after that then you will go for a rental business and every month you will get income from that and it will give you profit or income without requiring you to work for that money because money is already working for you.

of the options you give seem to be very profitable and give you free coin is from mining, with mining you can get a coin that is very much and much better when you can create your own power to help alleviate the cost of electricity needed when mining.