Topic: The choice of investment is dependent on your region of residency. - page 3. (Read 739 times)

The good thing about Bitcoin is that, unless you're unfortunate enough to live in a country where it's banned, you can invest in it, and it's unlikely that its price will be negatively impacted by your location. Of course, you need to figure out whether you can buy Bitcoin, whether you need to pay taxes, how and where you can buy and sell it, but other than that, it's pretty simple. But when it comes to things like real estate, for example, you can get in big trouble because of living in a region affected by natural disasters, a war, or something else of that sort. This can lead to a crash of the market. So the local environment matters sometimes, but maybe not everywhere and not for everything.

I knew some of the professional investment advisors who are also filthy rich investors but they charge huge amount for giving the guidance which we can get on our own if we put in some effort or if someone is capable of paying them and just want to sit and let their money speak then they can go for the OP's advice.

Another fact is, experience is something that can never be bought anywhere which is one of the important thing needed to become successful not just in crypto but in any sector.

Location is very determining in developing a business idea or building a business according to plan. When building a business on a daily basis, we must prioritize the needs of the people who live around the place where we build the business, this type of business really depends on where you live. If I have the wealth to be able to invest in various different assets, I don't need a special place because ownership of shares such as land and real estate has legal force that regulates the ownership of these assets. Choosing the right investment will determine future results, business can run smoothly when you provide goods that the people around you need, this strategy can enable you to achieve your goals more quickly.

Everyone who is thinking about being able to invest must be able to have a plan that they have made well and be able to carry out the plan that they have made well, of course this will be better than relying on other people's ideas which will make it difficult for them to be able to carry it out. well and they could fail to carry it out, of course this is very disappointing because we have used other people's decisions.
You are right, it would be better when someone decides to invest, they have to do accurate research first and have some planning so that they can minimize losses and with our own planning we will be able to easily fix it when problems occur with the investments we make.

Because the scope of investment is broad and indeed we are discussing investment as a whole without being fixated on traditional or modern but indeed I quite agree because it does refer to traditional such as real estate or related to that.
But actually for online investment this is also a little influential because however the environment and the region can be an obstacle to investing online given the current conditions as we take an example to invest in bitcoin because not all regions or all regions can be in bitcoin especially for those who are bitcoin legality is still a problem because until now there are not a few countries or regions that still do not allow bitcoin even to become a commodity.

So in this case even though it doesn't have a big impact but in the end this can also have an effect considering that this relates to government regulations in the place where we live.

The idea behind investment is either going beyond the box or being resourceful inside. But I won't say that this discussion is not making any sense at all. If you are living on provinces wherein agriculture is the main source of income among people who lives on there as well, then there's a high tendency that you would be venturing an investment related into it. However, there's also this idea that you would seek for more than what your environment could offer. So I guess it would be better to say that choice of investment depends on the investor.
Actually, region would still matter. Accessibility of course would be a big factor to consider when thinking of an investment. If your country or region prohibits Bitcoin usage, then would it still be advisable to have it? And with gold, if you are living on areas wherein demand is not that high for such mineral, would you still be considering it?

For sure each countries has what work for them, so regarding real estate business there are countries that people are making huge money from it do to the higher demand for it, while there countries that doesn't focus more on those areas, so actually is very important to identify the things that would be more demanding from people and also in most countries crypto is a huge investment to go into while some countries prohibit crypto, so like you observed is totally depend on the country on the things that work better for them.

There's truth with that but most of the investors are investing because they know what they are investing. Although it can't be denied that many investors are doing it because of what they've heard from the others and they don't have personal reasons behind that. That's okay because that is the start of them to learn more about investing on their own terms and experiences. Whether it's the common investment in your region, it doesn't mean that you should also go where the flocks are going. But that's a good way to start for someone who lacks knowledge in investing. Whatever is common in your area and everyone is on it, you'll be getting a mentor and the experienced will tell you on how you should do it.

And after that, you'll not be investing anymore based on what's common in your region but you're going to invest on what you can see in the future that has the potential. A perfect example is with Bitcoin. It's not common for most regions especially on the early days and many have doubters of it and even your own relatives and immediate family when you tell and introduce them to Bitcoin, they will discourage you if you go back several years ago. But this time, it's one of the most suggested investment and there is global awareness of it already and people are no longer ignoring it, a lot has changed from before and we're fortunate that we're on this era.

This is a logical thing that everyone should be able to think about because in the end everyone has to rely on their own decisions and ignore other people's decisions, including the decisions of investment advisors who are quite professional. Because a good investment is an investment that is based on our own research, which also includes our own desires without having to depend on what other people say. Because investors are the people who are freest in thinking about anything because they are not enslaved by other people in any way.

I agree, even though advisors have knowledge about business or investing, it doesn't mean they know everything or are always good at everything. If they are really so talented, why don't they start their own business, and become consultants?

Once we decide to venture into any field, we need to understand it well and be confident in our knowledge. Relying on others shows that we do not believe in ourselves, how can we succeed?
Talking about cryptocurrency investment, I even believe that there will not be too many advisors and financial experts who know about it, let alone give us advice. Personally, I would rather bet on myself than bet on someone else.

The issue of location is an important factors when it comes to any investment, make a lot of research regarding the choices of a location determined how the investment will improve, investing in a place where the  raw material are available make the investment easy.

Regarding the investment location, in place where I live we are into rice farming which we produce tonnes of it, before, we due move it out for sell but since investors found out that we have access of it they decided to move down to our community to build a rice mill factory so they can have easy access to the farmer and also reduce lost for both of them especially for the farmers.

I would say it's not necessary, professional investment advisors don't know your specific interest of investment and they maybe an old school investor who don't know the real potential of crypto investors so I suggest do your research on your own instead of giving the decision making to someone else because you only know what you want and how much your risk tolerance than anyone else.

While business is a very good thing to go into, but before any kind of business should be established, some certain factors need to be put in place. You have to consider the kind of place you are living in. the type of people living in that particular place. the kind of things they like the most. Life is not easy anywhere. Have this knowledge at the back of your mind. because, during the process, there will be obstacles, you will feel like quitting, but if you know already that it's not easy for everyone, your courage will be increased and it will make you to keep pushing through. But all of the above condition are when your business requires your presence physically at your working place. But when it is a digital business, you can be anywhere and when you have the knowledge, you can do it all.

Each region has its own investment preferences. Environmental factors are also among the factors that determine investment. Investment is generally made because an opportunity is seen, and this opportunity varies from region to region and affects the investment. Sometimes it's important to think ahead, but this also comes with risks. Although investing in something or an area that no one else in your area is investing in can be risky, in some cases it can yield a lot of returns. Analysis of the investment is important in reducing risks.

There are many factors that determine investments. Chief among these elements are knowledge and taking a certain amount of risk. If you are in the right time and region for investment selection, you can achieve your investment goal.

Obviously, when it comes to real estate, your own region or place would matter a lot. You can’t expect for big earnings if the area itself is not conducive  for living or business establishments. With that, you should consider first the location of your real estate property, otherwise it won’t be as profitable like you have imagined.

However, when it comes to crypto investments, regardless of your location, as long as there is sustainable flow of internet connection, that will be fine. That’s something that crypto investment is unique compared to other investments.

The choice of investment is dependent on your region of residency
That's definitely true and I can confirm this from my own experience,  compared to friends of different regions, everyone is different when it comes to the way of investing money.
First, when it comes to me living in 3rd world country, it is very hard for me to save some money for investment, the salaries here are very low and not sufficient to afford your day spendings or to keep some money for investment.
Second, while my friends living in other countries, they have salaries where they can save some money and afford their spendings.

Conclusion, to invest money you first need to have enough money for your spendings and taxes. The remaining money, you have a choice to spend it else where or you invest it in something else up to your region.

Well, it is partially a yes for me in your comment, but I would like to say that the choice of one's investments is also born from their dreams or goals and not just the environment. Speaking of investment, it could be to start a company of your own or business, invest in an asset, have fixed savings for annual returns, or invest in a company still for annual returns, which may not really be based on the environment but also on the goals and dreams you have set for yourself. If you are only referring to business or setting up a company, then you can consider the environment, which is usually a major factor to look into, like you said. I remember one time that a plastic company was set up in my state, but after operating for 1 year and some months, they decided to move out to another state. The reason they left was because the taxes imposed on them by the state government were really too much for them to keep up with, and the environment was already becoming toxic for their normal work activities, so they decided to move to another state. 

The lack of social amenities could obviously lead a case on the kind of influence it has on the willing investors in a particular region of residency.
Hence why it is imperative that Bitcoin become very visible to everyone who has access to internet, is connected to the cable network and is willing and open to learn about the updates and trends like cryptocurrency that is decentralized and private and is a better option than investment in local companies that only want to recognize one and find a way to keep billing them.

The time I would have agreed more of this "when one resident would affect their choice of investment" is when there's no infrastructure development, no road network, or Internet connection to the place one resides.

A resident or region that has a working system that its citizens need to live and strife for the betterment of their life, their resident will be a boost to the choice of investment they would like to go into, be it physical or online investment.

Even though we have explored or surveyed a place or understand the conditions of the place where we want to open the business, we cannot force people to like the business we are creating, but the density of an area or population is a very important point if we want to set up a business. If we want to attract customers, we have to look different or innovate the products we make. To attract sales turnover from our products, and be able to compete with others, we must be brave. Providing discounts on our products at certain times, be it weekends, many of them are enjoying work holidays with their families.