Topic: The best way to manage free money - page 17. (Read 2036 times)

this is not the money I get for free, although it's easy, but I work hard to participate in the success of ICO some startup. and it is true that what I am talking about is free money. I will allocate a portion, approximately 1/3, to investing in altcoin, while learning about investing, I am monitoring the movement of some coins, ETH, XRP, MAID and STR. I have not dared to buy BTC, the price is already high.
thanks for the advice, it is very helpful, if there is information about prospective altcoin to be held in a few months, I will be very thankful.

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I really agree with you, I am studying it, digging up information about the legality and price in my country. Thank you for the advice.

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I have removed the mining and gold from the list. I focus on studying bank deposits, lending crypto, and properties. many things I need to learn, much information I need to decide. I have also decided to allocate 1/3 of funds to buy some good crypto, I am currently monitoring ETH, MAID, STR, XRP to get the right moment. thanks for helping to advise.

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Bank deposits in my country give 5.8% per month. This is very safe, so I will still allocate some to make deposits in the bank. at least 1/3 of the funds I have. 1/3 again I've decided to buy some crypto / altcoins, I'm monitoring to get the right moment to buy.
mining requires substantial funds to purchase equipment, pay for electricity, places and maintenance. and it seems to require extra work. if you force yourself to join cloud mining, this is very risky, we never know the ability of the company and there is no guarantee of capital security.
I am not able to do daily trading, including scalping, I choose to be a bag holder, I plan to buy ETH, XRP, STR, Maid and some old coins. Thank you for your advice.

there are many ways to manage your financial condition so that your assets can increase but to benefit every day of course mining is the right choice but you have to understand how to good mining from mining you can get bitcoin every day without having to trade.

If you want to manage your investments in the long term such a hold over the past few years on bitcoin or altcoin I think will give great results. Maybe you just can't wait and just traded daily in order to quickly get the results.

As you have said its a FREE MONEY so i guess you must not give lots of concerns about such,so why not buy BTC and just let it in your waller for years.forget it for a while until the time you want to wothdraw it all.and i guess by that time it would be mor bigger.

Check this drop out story how he become a millionaire

https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html  There it is

I would suggest to invest in cryptocurrency since the price is low now and it is good to buy for it, wait or hold until the price will hit in the market. Trading crypto is not an easy task but when you are intelligent enough to play with it you can have huge profit. Investing in Gold assets is good but I would prefer to invest in crypto since I have earned a lot from it. Regarding to the options you stated above, I would prefer to choose god assets since it has a good potential in the future.

Invest in cryptocurrency and wait for it to.double your money then invest again so as to make you wealthy in the process. Anyway there i.no worry about the investment since that is an extra money you are invested. And the good thing is that it will double in the near future without taking emotions that could overflow and resulted to negative consequences of your investments. So make.use out of it and be wealthynin cryprtocurrency. You are lucky enough to.have and extra money for you to.invest. If i had only that much. money left after the spenditures of the cost of living then gladly i will invest it in cryptocurrency.

that's why i asked for your advice and the person reading this thread. I do not think to save or keep in the bank on a regular basis, such as saving money. I am hesitant to manage this money in order to grow. but I still do not know much about a good investment and safe. and thank you for your advice.

from the results of the suggestions I have received, I have ruled out the gold investment, mining cryptocurrency. now I focus on learning 3 things:
1. bank deposits.
this is because I consider the safest, the highest deposit rates in my country currently 5.8%. this means I can get 5% passive net income every month.
2. Lending
seems to be legit, I cant run this personally, inevitably have to go into a system company or market that already exists. but I am still afraid of the rising price of crypto so high, I am afraid I can not get a good moment. the crypto that I lend its value is destroyed, its profit is also of no value, I am studying this, to get into the right market and with a crypto that has strong fundamentals, but the value of profit is also high.
3.property
this also I am trying to find information about property ownership rules in my country "Indonesia", seeking law and legality in property trading, if I have understood everything, I will look for an affordable price with my financial ability.
I like the way you give feedback, this is very useful for me, thanks.

If it's a lot, I'd rather use my money to make money, than it's saved and wasted free, managing money is very important now and should keep it in a safe place if you do not want to lose your money, better use to make money back can with investing or in property, lots of ways to earn more money.

All of your 5 ideas have some disadvantages and I am going to explain you about all of them. Banks deposits are a safe investment but the profit is very low and I think it is better to look for other investments even though they are not so safe.

Lending cryptocurrencies is a good investment as long as you have a system that doesnt allow you to lose your money. I mean you dont just lend bitcoin to a person for free and then expect to give it back to you. You have to ask for something like other coins, or something that has the same value as your bitcoin and you give it back after he gives you back your bitcoin. This is a guarantee that if you are not going to get you bitcoin back you can sell that guarantee.

Mining is a very good investment but you have to put a lot of work in. You also need a pretty big capital to start with, somewhere around 50.000$ to create a profitable mining business.

Properties are one of the best investments and there are lots of people who have become very rich by investing in real estates. With properties you can make a passive income so you dont have to work anymore. The problem is that you need a lot of money to buy a few apartments/houses. Probably about half a million dollars to buy enough to make enough money every month from renting them.

Hi, I have already invested in Celcius network, Salt lending, eth lend and want to invest in Welltrado. What do you think guys?

If you are thinking about investing in property, the amount of money you have to invest should be substantial. You would do well to get a professional adviser, who will look into your risk appetite and advise you on your portfolio allocation. Deciding on where to invest would depend on a lot of factors - your age, taxation of different asset classes in your country, liquidity requirements, etc.
In any case, your cryptocurrency allocation in your portfolio should be small, because it is a risky asset.

If you have the amount to invest for a property then you should pursue it. Investing in a property is the best option out of those choices, property price always increases especially if its located in a commercial area. Other than that if you can also do a long term investment for cheap tokens then it will be a good opportunity for you.

I am in such a case and i can tell you what i am doing with the money:

-  deposit at bank for bad days
-  investment in real estate development. In my city this is the business that gives you the best profit right now.
-  a small part of them (5%) investing in crypto

Crypto market is still at the beginning and is a risky game. Also you should put your money in more than one place for safety.

Its not same to save in gold, fiat currencies, or crypto. Savings are one thing, investing in businesses to make profit like mining, trading is something else. What are you doing on this forum when you advise people to buy gold, when they can invest in crypto. In last 5 years crypto made higher rise then any precious metal including gold.
Managing free money is putting money to work for you. The best way to so that is to invest in some staking coin, if you have enough to run masternode, or simply to invest in couple potential coins and wait couple years and puck up very high profit.

If you think that you cannot control your emotion and is spending some things that you think was just nice but you don't need the most so you mush invest your money, learn to save, or let your parents save for you especially when you are still young, it is okay to buy things make sure you need it most.

in my opinion the best way to manage your financial condition you can invest in gold assets, property, mining is the best choice to manage your finances in order to earn a lot of profits and can have a very good income from every month.

What kind of investment do you want to? If you do not want much income, if you want more security, you keep the bank deposited. If you want to do something for your child in the future, want to buy or trade in business, you can buy property. If you want to do something in your life, if you want to earn bigger returns then you can invest in bitcoin or cipher at this time. In the future you will be the owner of a lot of money. You have to take the risk. Because life without risk can not be improved.

Depositing your money in the money can't give you enough profit in the long run and the amount you are getting is constant but when you do invest in crypto currency, there is a tendency that your invested money will grow or drop depending on the volatility.
Lending might be good but it will requires you a massive funds to let them lend on you.
Purchasing property is good when you know the right price of it so when the time you start to sell it you won't be disappointed because you buy high and you sell low.

To buy property is the first choice in my opinion. Lending crypto currency is not in my choice instead of that, I prefer buying altcoins purely not lending.