What is the best advice you ever heard in case of investments and all - page 5.

timerland

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Activity: 1526

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Quote from: chirannew22 on September 30, 2019, 05:32:04 AM

Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25% for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others

That's not a bad mindset, but the problem is that not a lot of people have enough money to do so, that mindset is very easy to have if your a high earner, let's say 100,000 USD a year. 25,000 on living expenss is fairly achievable, assuming you pay little or no rent.

That's almost impossible to do when your income gets lowered though, earning even 50,000 USD a year, there is almost no way you can save 50 percent of that for a business, not sure about that sort of mindset.

My golden rule is a simple one 'Don't invest more then you can lose'.

chirannew22

newbie

Activity: 32

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Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25% for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Reid on August 18, 2019, 06:34:08 PM

Quote from: fiulpro on July 27, 2019, 10:22:53 AM

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

That is a good one and I hope it still teaches you well.
Forgetting one wise advise could really mean all your decision and choices in your life.

There is one thing I can never forget.
Invest only at what you think you could also lose.
I mean, that is simple but when you take a deeper thought it will meaningful that every steps in your life could also be based on it.

Therefore you must know when to stop and take all the profit that you have, to keep in a safe place. Stupid people are those who always think they will always win so they always delay to cash out, it will plunge them into bankruptcy. I always take all the profits that I have earned, then return to trade again from the beginning with the same capital

ceyhun4270

newbie

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Invest in yourself and become a master at your job. Then start looking forward for new challenges for additional money ( like an online store ).

If you have a lot of money (like 80k dollars) cash you could buy a house and fix it, later on you can sell it for more money and make profit.

Kez1817

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www.cd3d.app

"Buy low sell high" but when the value goes down "Keep calm and Hold".and " Have more Patience".Also always i heard this advice, " Don't invest more than the amount that you can afford to lose".

kumala_abi

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Activity: 798

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: iMark on August 19, 2019, 11:29:58 AM

Quote from: nightxglow on August 17, 2019, 07:47:29 AM

The best advice i've heard is invest as early as you can, and i think it's very true. It doesn't mean that we have to be careless and don't think straight when we invest, but more like rather than we think "Maybe i'll invest later." or "I don't think now is the right time." we should act and don't hesitate anymore. Because we don't know what will happen unless we start. And invest early can be beneficial too in some cases. Like for example bitcoin. If i invested bitcoin early, then i surely gain many profits because later on the price is high. Rather than i invest that time when the price is already high. But still we don't know what will happen in the future so it may be quite invalid.

But it's not always a good advice, sometimes you have to wait for the right time to come in and buy. like when panic selling in the market, certainly its not the right time to buy right? investing is not about early, but about sensitivity with the opportunities and knowing you have to go in, buy, or wait.

investing was not about money only.we must have instinct to decided when we have to entry or exit from market.dare to take action was not enough, if we make decision in hurry i am sure we will not get best price in our investment portofolio.in my opinion there are several factors that will give huge influenced to our trading result.skill to recoginized best moment and emotion controlling will help us to get it.

Betwrong

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I stand with Ukraine.

Quote from: Reid on August 18, 2019, 06:34:08 PM

Quote from: fiulpro on July 27, 2019, 10:22:53 AM

~ for me it was
*You never loose until you cash out*
Taught me patience.

That is a good one and I hope it still teaches you well.
Forgetting one wise advise could really mean all your decision and choices in your life.

There is one thing I can never forget.
Invest only at what you think you could also lose.
I mean, that is simple but when you take a deeper thought it will meaningful that every steps in your life could also be based on it.

That's right. If we may need the invested money in the nearest future, it's hard to follow this great advice: "You never loose until you cash out". It's only when you can forget about the invested money for the next several years, you can patiently wait until your investment pays off, never cashing out at a loss. Of course there's always a possibility of waiting forever for that, but since we can afford losing those money, it's no big deal.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: nightxglow on August 17, 2019, 07:47:29 AM

The best advice i've heard is invest as early as you can, and i think it's very true. It doesn't mean that we have to be careless and don't think straight when we invest, but more like rather than we think "Maybe i'll invest later." or "I don't think now is the right time." we should act and don't hesitate anymore. Because we don't know what will happen unless we start. And invest early can be beneficial too in some cases. Like for example bitcoin. If i invested bitcoin early, then i surely gain many profits because later on the price is high. Rather than i invest that time when the price is already high. But still we don't know what will happen in the future so it may be quite invalid.

But it's not always a good advice, sometimes you have to wait for the right time to come in and buy. like when panic selling in the market, certainly its not the right time to buy right? investing is not about early, but about sensitivity with the opportunities and knowing you have to go in, buy, or wait.

Reid

hero member

Activity: 3052

Merit: 651

Quote from: fiulpro on July 27, 2019, 10:22:53 AM

Hey
Well let's start , everyone please feel free to share the best advice they think is what made them what they are today in terms of investments .
I think learning about managing your money can never be easy , but maybe we can make this a thread worth reading by the new investors and even the old ones ..never hurts to redefine your strategy.

As for me it was
*You never loose until you cash out*
Taught me patience.

That is a good one and I hope it still teaches you well.
Forgetting one wise advise could really mean all your decision and choices in your life.

There is one thing I can never forget.
Invest only at what you think you could also lose.
I mean, that is simple but when you take a deeper thought it will meaningful that every steps in your life could also be based on it.

nightxglow

sr. member

Activity: 700

Merit: 251

The best advice i've heard is invest as early as you can, and i think it's very true. It doesn't mean that we have to be careless and don't think straight when we invest, but more like rather than we think "Maybe i'll invest later." or "I don't think now is the right time." we should act and don't hesitate anymore. Because we don't know what will happen unless we start. And invest early can be beneficial too in some cases. Like for example bitcoin. If i invested bitcoin early, then i surely gain many profits because later on the price is high. Rather than i invest that time when the price is already high. But still we don't know what will happen in the future so it may be quite invalid.

Betwrong

legendary

Activity: 3374

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I stand with Ukraine.

I don't remember who said this, but I think it's a good advice regarding investing your free time, so I will try to express the main idea of that advice below.

Normally we are working from 40 to 44 hours per week, but a week consists of 168 hours. Yes, around 56 hours(7x8) per week must be spent on sleep, but we still have around 70 hours of free time. Don't try to earn an extra several bucks during those hours, but rather invest your free time in learning some new skills. This will surely pay off in the future, while an extra several bucks can't significantly improve your life. And, of course, don't forget to just rest and relax during your free time. No one can be only working and learning all the time.

FanEagle

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Another great advice would be "calculate your salary 5%-10% less, that way you can prepare yourself for less income and save the rest". I have been doing that for years now (almost 3 years) and I was close to having a great deal of money for myself (not big for others specially in other countries but a huge sum for me in a third world country) however I had to cash it out for some medical emergency unfortunately, it was bad bad days for me and I even had debt that I had to pay on top of that.

However, now I am slowly getting back on that debt and its almost over (in this October I will be debt free) and I will start doing the same thing once again, hopefully this time nothing bad happens and I can finally reach my goal of not having to work again in my life with the money I have.

leavolnhals

full member

Activity: 770

Merit: 101

The best advice I've ever received is knowing how to manage risk and accept mistakes.
When I first traded, when my coin dropped more than 10% but I still didn't cling, I still hated the failure and determined to hold it.
and then i lost over 90% of my portfolio and suddenly realized i was too stubborn.
The above advice really helped me win a lot in recent deals. I feel very grateful for this advice.

samputin

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Quote from: dbshck on July 27, 2019, 09:51:39 PM

"Diversification may preserve wealth, but concentration builds it."

Honestly, this, by far, is the most convincing advice that I have ever known when it comes to investing.

Putting bigger portions of investment on something you know is a better idea rather than investing small portions of investment to something you don't know or understand very well. And I think one of the best example of this is Bill Gates. His billion dollar net worth was gained not because of diversification but by creating something that he had control over.

The adage can mean bigger risk. But after all, taking risks is what makes life worth living. Wink

Oilacris

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Quote from: Kemarit on August 16, 2019, 02:32:33 PM

"Buy when there is blood on the street". Initially I didn't understand this, but later on specially when I started to invest in crypto, that I realized that this saying is somewhat very true in this market. So if the price drops, and I have extra funds to invest, I immediately jump on the chances and stash my Bitcoin wallet. This is a contrarian belief, if I'm not mistaken, but as per my experience, this is very effective strategy in Bitcoin market, IMHO.

Even myself do following such system.Invest when the price dumps or most people are on fear but sometimes this kind of buying patter isn't really that easy.

You would really still have that hesitance to accumulate due to unpredictable movement of the market.We wouldn't know if the price would go even more as we buy which in result to loss or gradual negative.So I would say that it isn't really that easy to make decisions into these cases.

Kemarit

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"Buy when there is blood on the street". Initially I didn't understand this, but later on specially when I started to invest in crypto, that I realized that this saying is somewhat very true in this market. So if the price drops, and I have extra funds to invest, I immediately jump on the chances and stash my Bitcoin wallet. This is a contrarian belief, if I'm not mistaken, but as per my experience, this is very effective strategy in Bitcoin market, IMHO.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: STT on August 15, 2019, 06:59:09 PM

Quote from: qwertyup23 on August 15, 2019, 02:54:03 PM

Based from my personal experience, diversifying would be my best advice for starters.

I've never agreed with placing it all on one thing, because this market is too open to abuse. I have to agree, the best advice is never be all in one place. The fact is when you vary risk, sector and your allocation size it puts you in a better frame of mind.
You will see value best when contrasting it to your best performance.

As the famous investment line says - "Never put all your eggs in one basket." Also, you should familiarise yourself in the trading market as plunging to the unknown is like trading blindly. That will cost you money if you do such practice.

STT

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Quote from: qwertyup23 on August 15, 2019, 02:54:03 PM

Based from my personal experience, diversifying would be my best advice for starters.

I've never agreed with placing it all on one thing, because this market is too open to abuse. The outside chances of unknown news striking down what was previously a good venture is too much of a possibility. I have to agree, the best advice is never be all in one place. The fact is when you vary risk, sector and your allocation size it puts you in a better frame of mind.
You will see value best when contrasting it against each other. Also by keeping a variety of risks, you can justify taking greater risks. My best performer is my most risky share but if I have taken profits and placed those profits elsewhere then I can keep holding a share with just 1 asset in country which is volatile, but I already gained from it. Always have security close to home, unless you can afford to lose everything and have no obligations then I guess the risk is yours to take.

superving

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Invest on long term projects that build everyday, not stopping to develop their project which can be use by all of the people in the future.

BitBustah

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The best advice is "life is short", money is cool and all but don't let it consume your life when the most valuable resource we have is our time on earth. Material possessions won't bring you happiness past your basic needs.

Topic: What is the best advice you ever heard in case of investments and all - page 5. (Read 1503 times)