TRANSACTION AND CAPITAL MANAGEMENT?
Yesterday I sat back and reconsider Robert Kiyosaki's book, "Teaching the Rich Daddy," to see his views very well. Want to share with your friends in the group, so that everyone becomes a real investor, that is, how to manage your capital, make a profit / protect your assets, and minimize your risk. blood red market.
Robert Kiyosaki writes in volume 3 (To become a skilled investor) like this:
"Most people are not Investors but Accumulators or Gamblers. Most people carry the same "buy-and-hold" syndrome and pray for price increases. They live up to the expectation that the market will go up and fear when the market goes down or collapses. A true investor earns money regardless of whether the market goes up or down, regardless of whether they win or lose, and they play both short and long. The average investor does not know how to do so, and so most of those Average Investors belong to the 90% who only make 10% of their money. "
So how to become an investor like that? Okie, I'll sum up what I know so that everyone knows:Yesterday I sat back and reconsider Robert Kiyosaki's book, "Teaching the Rich Daddy," to see his views very well. Want to share with your friends in the group, so that everyone becomes a real investor, that is, how to manage your capital, make a profit / protect your assets, and minimize your risk. blood red market.
Robert Kiyosaki writes in volume 3 (To become a skilled investor) like this:
"Most people are not Investors but Accumulators or Gamblers. Most people carry the same "buy-and-hold" syndrome and pray for price increases. They live up to the expectation that the market will go up and fear when the market goes down or collapses. A true investor earns money regardless of whether the market goes up or down, regardless of whether they win or lose, and they play both short and long. The average investor does not know how to do so, and so most of those Average Investors belong to the 90% who only make 10% of their money. "
1. Money Source: That is the amount you want / want to invest. This is different and depending on each person, nobody like you, you can get from savings, salaries, sale of land, investment funds from other channels ... Only borrow money is not recommended Hey! (Although the loan to invest is a very good leverage in financial investment, but that is the method when you are PRO).
2. So capital management is the management of cash flow, is to know how to divide our cash flow into many different directions to invest. As Warren Buffett once said, "Never put eggs in the same basket." The capital management is the same. With 100 million you plan to invest, you should split it up. With 50 million to cover the monthly expenses, the remaining 50 million you invest.
According to the crypto market situation, at present, you can allocate capital into four parts:
Long-term investment: Coin has a long, stable foundation, low profitability, low risk, such as Bitcoin, ETH, XRP, Litecoin ...
• Mid-term investment: Coin or ICO has high potential (you study, evaluate application, strong team, idea and performance, technical, plus co-owner / partner / prospect ...). These coins / ICOs in this area have a higher risk, and of course, higher profits, which are shorter than the Long-term coin in item 1. When you have a good grasp of what the Dev team is doing , develop what .. you can rest assured and wait sweet fruit. For example: Cybermiles, ArcBlock, DragonChain, Simple Token ...
• Short-term or Trader: Surfing requires trainees to take a bit of technical analysis, choose waves to jump, select news or choose "junk" These coin should only surf but should be high risk, high profit and of course hold very short time, sell then absolutely not buy again.
• Risk reserve: This last item is very important, but few have this amount. It will give you flexibility, creating more opportunities to make money even if the market or a coin drops sharply.
3. If you are a holder, not a trader (as there is not too much time), as Robert Kiyosaki writes above, one experience we have is that HOLD is flexible and HOLD has a period. , why? Because a coin will always go through the downward market, down the trend or down by the bad news ... And yet another experience is: never sell out / hold.
- For coin / ICO, when a good ICO, potential on the floor, there are many news that make investors hype, you choose a price that you can sell (for example, you define x2, x3 or x5 times is sold). It's more than that, do not buy it again, because it will decrease, you can buy back if you want. If it does not decrease, do not worry, use this capital to transfer to another potential coin / ICO for x times.