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Topic: What are the best ways to invest money? - page 16. (Read 2297 times)

newbie
Activity: 27
Merit: 0
November 13, 2021, 05:19:56 AM
#6
I believe that the rich is not the one who has a lot of money, but the one who has enough money for everything, nevertheless I try to invest in order to get closer to dreams that require more money than I have.
Therefore, I adhere to projects that do not promise to bring a large profit one-time, but more reliable and long-term.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
November 13, 2021, 12:30:48 AM
#5
To my own knowledge and i will also be glad if i can get some opinions  to me before you ask what, ask why. Why are you investing?
Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.
Always take risk into account. What is your risk tolerance?
I am investing in crypto because I see the potential of crypto gives me a lot of money with buying and holding many good coins, especially holding bitcoin for a long time. My goal is I want to make a lot of money from crypto and that is why I invest many coins from a long time ago while I still accumulating some potential coins besides accumulating bitcoin.

To be honest, my goal is to see bitcoin will be more than $500,000 and I can wait for that, even if that will need more than 15 years to happen. But the one big goal that I made a long time ago is I want to make a lot of money from crypto while I still have more coins as my investment.
legendary
Activity: 3108
Merit: 1029
November 12, 2021, 07:29:14 PM
#4
To my own knowledge and i will also be glad if i can get some opinions  to me before you ask what, ask why. Why are you investing?
Money should become the main achievement for investing. People are in competition to get the hidden gem and they can turn small amounts of money into the decent amounts of money in a short time.

Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
This can only be achieved when you're using farm to get dividend from your investment. I would like to call that as passive income rather than divided. Crypto was different with stock. APY/APR will become the key in this case.

Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.

It should be years. You must also know that if there are two options for investment, long term and short term but i personally prefer to take yearly investment rather than short time investment.
hero member
Activity: 2842
Merit: 625
November 12, 2021, 07:24:07 PM
#3
Why I am investing?

It's very simple and that is to make money and multiply it. The common answer you'll get is that and there's no other reason why a person is investing.

We all want to make sure that our money grows and make another money why we're investing.

The goal is to profit, despite any amount, I'd be happy to consider any amount of profit.
sr. member
Activity: 1036
Merit: 311
November 12, 2021, 07:23:10 PM
#2
Becoming rich is just the goal and it's realistic to some extent but if you want a more specific answer I would simple say becoming $10million richer by mid 2022 although at the moment it sounds a bit scary to me. But if my dreams don't scare me I might not give my full energy  to make much profit
newbie
Activity: 9
Merit: 0
November 12, 2021, 06:58:51 PM
#1
To my own knowledge and i will also be glad if i can get some opinions  to me before you ask what, ask why. Why are you investing?
Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.
Always take risk into account. What is your risk tolerance?

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