Why you should use spare money to invest

G_Besar

sr. member

Activity: 1064

Merit: 469

Cashback 15%

Quote from: |MINER| on June 30, 2023, 11:06:13 AM

Obviously it is not just better I think it should be obviously that before investing on anything everyone should learn the risk management , and earn some knowledge about the candle sticks then he should start his trial investing with some small amount. Then when he reaches a perfect level, he can increase or decrease the size of his investment fund as per his wish. And always Keep on your mind that , investment should be that much as much as you can afford to loose.

Investments must be made in accordance with the abilities we have, because that is part of a very unique job and is highly recommended if someone wants to make their future brighter. But it is clear that basically everyone has to study risk management first before doing it because starting a job without understanding the risks would also be ridiculous. Why is that, because risk is part of the challenge that must be understood so that someone does not have obstacles when starting to invest in something.

Quote from: pantek talacuik on July 02, 2023, 10:25:31 PM

It teaches you to take risks that you will experience in the future. if you cannot take this risk, It already means that nothing will happen in the future. many things you have to take from all your choices.

Taking risks is indeed mandatory, but everyone is also highly recommended to understand it first before starting to take it because if someone is willing to take risks, but basically he still doesn't understand how these risks are. I think that is also a very ridiculous thing, because taking a risk is not only related to one's courage, but also very much related to the knowledge that one must have. So talking about the future, of course you also have to talk about knowledge because that is the basic path to a better future.

xSkylarx

hero member

Activity: 2352

Merit: 593

Quote from: CapGelatik on July 03, 2023, 02:32:53 AM

Quote from: ?? on ??

Using a portion of your savings for investment is a wise decision because it will be beneficial for you in the long run and will provide you with an opportunity for growth and increased earning. This will also reduce your risk of financial instability. However, it is important to diversify your portfolio.

True, it is a good decision and there is nothing wrong, the most important thing is to manage it wisely,
other than that you have to be prepared because investment certainly cannot be separated from risk, so that needs to be considered,
that's good advice by implementing a portfolio diversification strategy.

If you really want to earn profit or extra income aside from your salary, then taking a risk with investment is really best, but again, before that, you should have extra money on it, or else you won't be able to save and invest. That is why you should manage your money well, like don't spend on nonsense stuff and also don't go over your budget because you'll end up ruining your budget plan. But again, no matter what our plans on budget are, if your income is too low, then that is really difficult, so it is better to find a way to earn money, or if you receive work bonuses, then that is a good for investment.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Investment is indeed very important to guarantee a pleasant future or old age, but investing also has a risk that we must accept if one day it doesn't go as expected, but for the long term in my opinion the risk is very small, even non-existent and the most important thing is investing in the right place and also safe.
Using money that you can afford to lose or reserves is intended so that you are not too disappointed when you experience a loss, by setting aside money from money after you have prioritized needs, installments, savings, and for unexpected money. And you can invest the rest, and invest what you can gradually, much better and for the long term.

Jatiluhung

sr. member

Activity: 742

Merit: 392

Quote from: bayu7adi on July 03, 2023, 12:20:43 AM

Quote from: Jatiluhung on June 20, 2023, 09:02:11 AM

I think people who have experience in investing actually always have more mature financial planning and management than ordinary people who are new to investing. And even experienced investors know that they can only invest with money they really won't need in the near future. And yes, they also only enter into investments which of course they have analyzed and after seeing the potential, they decide to enter. In contrast to beginners who are sometimes lazy to do analysis. but they always expect a quick profit. and that's the mistake of beginners, namely not being careful at the beginning. Even though the first step is the step that sometimes determines the level of success at the end of the journey.

In investing, in my opinion, one's mindset plays a significant role in their success.

We know that beginners are bound to make numerous mistakes. I believe this is perfectly normal as long as they can learn from those mistakes. That's why it is highly recommended to start investing with discretionary funds and not with essential money.

As the level progresses and investment knowledge grows, it is advisable to allocate larger sums of money. We can gradually increase the investment budget by 3%-5% based on our confidence in investment knowledge. However, at this stage, we begin utilizing our savings. We must also learn to manage our savings using this method. The most important thing is to refrain from using funds that we will need in the near future. Hence, savings can become an appropriate source of budget.

BTW, I am not a financial advisor, but I personally apply this approach to my own investments

I like how the investment planning that you describe. And it seems you are also quite experienced in investing. I personally only have a lot of experience in property or Real Estate investment. Whereas in crypto I've only just started a little over a year. So that sometimes my steps still need to be re-evaluated. And you are right that sometimes as a process goes on, our insights in investing will also become more mature. The most important thing is that we must know the risks and potentials that will be entered and we must be prepared with all kinds of risks that will be taken. So that we only use money within reasonable limits which will keep us financially safe even if we are not lucky in one of the investment instruments that we enter. Risk management and financial management along with financially sound allocation arrangements are urgently needed.

Andrija Branislav

member

Activity: 224

Merit: 25

Ultimate Launchpad on TON

Yes. Must be smart of course. All investments do not have inherent risk. it's just that our job is to minimize its potential by looking at the gaps that we might be able to use as a small investment strategy and at least we have to be smart and smart in managing let alone using reserve money which is only used at certain times and conditions for investing, especially crypto , very volatile. I think you know that too.

Fuso.hp

sr. member

Activity: 392

Merit: 197

Quote from: ?? on ??

Using a portion of your savings for investment is a wise decision because it will be beneficial for you in the long run and will provide you with an opportunity for growth and increased earning. This will also reduce your risk of financial instability. However, it is important to diversify your portfolio.

We all plan for the future. Because the position we are currently in may change in the future. We usually save some part of our income to make that future better and not to be in danger in the future. If you save the amount of money you keep, you will get the amount of money in the future but if you invest a part of the savings, your savings have the potential to increase several times. So none of us should miss such a chance. Everyone should invest a part of our savings so that in future we can create a possibility of good amount of growth from that investment. Maybe many people will say that saved money is safe and investing money will be at risk, to them I will say that success is not possible without taking risks in life.

CapGelatik

full member

Activity: 1064

Merit: 100

Combo Network

Quote from: ?? on ??

Using a portion of your savings for investment is a wise decision because it will be beneficial for you in the long run and will provide you with an opportunity for growth and increased earning. This will also reduce your risk of financial instability. However, it is important to diversify your portfolio.

True, it is a good decision and there is nothing wrong, the most important thing is to manage it wisely,
other than that you have to be prepared because investment certainly cannot be separated from risk, so that needs to be considered,
that's good advice by implementing a portfolio diversification strategy.

Good_Doctor

jr. member

Activity: 82

Merit: 2

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

You sound like there's actually anything like 'spare' money perhaps you don't make errors! Everyone who invest by trading in Bitcoin has capacities in which they can and nothing could be spare or small at some point due to difference in financial capacity of persons. Better you advice that don't hurry into Bitcoin investment without understanding the best time to buy any fraction of it!

For the risk management you're talking about... don't you think it will cost you time and money if you really want to study risk management you could take online courses too for that and not all are free. If the intention of the person is for long term trading rather than waste time studying risk management...after all it's not like we're managing money here it is better you said learn from experienced traders and know how to maintain if necessary little dip while you're still heads above water in the case of dip in the coin that when it' bulls again you'll have gotten enough gains!

Don't be afraid of taking risk just don't be insensitive to trends that has been existing in Bitcoin before investing in it!

bettercrypto

sr. member

Activity: 1316

Merit: 268

★Bitvest.io★ Play Plinko or Invest!

Quote from: |MINER| on June 30, 2023, 11:06:13 AM

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

Is better to use small money or learn risk management first before investing especially newbies.

Obviously it is not just better I think it should be obviously that before investing on anything everyone should learn the risk management , and earn some knowledge about the candle sticks then he should start his trial investing with some small amount. Then when he reaches a perfect level, he can increase or decrease the size of his investment fund as per his wish. And always Keep on your mind that , investment should be that much as much as you can afford to loose.

Yes, that's right! that's exactly how it should be, the problem is because others only get carried away by the hype of those who go into this field industry, in fact, you know what it means to say that others think it's easy to make money here. Which is not the case.

You should really study first and don't rush, and don't immediately look at how much you can earn, instead look for the knowledge to learn the moves and twists and turns here just like in crypto trading.

bayu7adi

hero member

Activity: 1358

Merit: 538

paper money is going away

Quote from: Jatiluhung on June 20, 2023, 09:02:11 AM

I think people who have experience in investing actually always have more mature financial planning and management than ordinary people who are new to investing. And even experienced investors know that they can only invest with money they really won't need in the near future. And yes, they also only enter into investments which of course they have analyzed and after seeing the potential, they decide to enter. In contrast to beginners who are sometimes lazy to do analysis. but they always expect a quick profit. and that's the mistake of beginners, namely not being careful at the beginning. Even though the first step is the step that sometimes determines the level of success at the end of the journey.

In investing, in my opinion, one's mindset plays a significant role in their success.

We know that beginners are bound to make numerous mistakes. I believe this is perfectly normal as long as they can learn from those mistakes. That's why it is highly recommended to start investing with discretionary funds and not with essential money.

As the level progresses and investment knowledge grows, it is advisable to allocate larger sums of money. We can gradually increase the investment budget by 3%-5% based on our confidence in investment knowledge. However, at this stage, we begin utilizing our savings. We must also learn to manage our savings using this method. The most important thing is to refrain from using funds that we will need in the near future. Hence, savings can become an appropriate source of budget.

BTW, I am not a financial advisor, but I personally apply this approach to my own investments

Sebas.tian

full member

Activity: 2016

Merit: 156

Quote from: serjent05

One major reason that we should use spare money to invest is that we can be able to wait for our investment to mature and get huge profit from it. If we use money that is not spare, we might end up needing the money for its purpose and ends up selling our investment prematurely. It is ok if the market is surging but it would be devastating if the market is crashing since we cannot get our full investment if the market is plummeting when we sell our investment.

And it will also enable you to increase your capital, based on the income you achieved from your spare money you invested which is very important to invest what you can afford to lose in cryptocurrency investment. Many that invested all they have in cryptocurrency investment, always fall victims of selling cryptocurrency at any amount to solve problems at the moment, and it will make them not to achieve income than to experience regret because it's not their wish to sell premature but problems make them to do so. Those that used spare money in cryptocurrency investment, find it easy to get it right to win big income from their investment because they will have other money to solve any problem that may come their way just to be focus with the cryptocurrency investment.

pantek talacuik

full member

Activity: 773

Merit: 101

Soil.co - Earn USDT/USDC

Quote from: |MINER| on June 30, 2023, 11:06:13 AM

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

Is better to use small money or learn risk management first before investing especially newbies.

Obviously it is not just better I think it should be obviously that before investing on anything everyone should learn the risk management , and earn some knowledge about the candle sticks then he should start his trial investing with some small amount. Then when he reaches a perfect level, he can increase or decrease the size of his investment fund as per his wish. And always Keep on your mind that , investment should be that much as much as you can afford to loose.

It teaches you to take risks that you will experience in the future. if you cannot take this risk, It already means that nothing will happen in the future. many things you have to take from all your choices.

|MINER|

sr. member

Activity: 1106

Merit: 421

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

Is better to use small money or learn risk management first before investing especially newbies.

Obviously it is not just better I think it should be obviously that before investing on anything everyone should learn the risk management , and earn some knowledge about the candle sticks then he should start his trial investing with some small amount. Then when he reaches a perfect level, he can increase or decrease the size of his investment fund as per his wish. And always Keep on your mind that , investment should be that much as much as you can afford to loose.

kingvirtus09

full member

Activity: 770

Merit: 106

Quote from: serjent05 on June 25, 2023, 06:32:21 PM

One major reason that we should use spare money to invest is that we can be able to wait for our investment to mature and get huge profit from it. If we use money that is not spare, we might end up needing the money for its purpose and ends up selling our investment prematurely. It is ok if the market is surging but it would be devastating if the market is crashing since we cannot get our full investment if the market is plummeting when we sell our investment.

It's different because we have other extra money that we will only allocate to an investment such as buying cryptocurrency in this field and then just hold it that can give a good profit in the future if bought at a very low price.
So in these times, if the extra money you have is only a small amount, it is better to take the risk of using this money in meme coins that you think also have the potential to provide good earnings in the future.

nara1892

hero member

Activity: 1554

Merit: 654

Quote from: Fredomago on June 28, 2023, 01:26:28 PM

Quote from: nara1892 on June 27, 2023, 03:39:34 PM

The point in this case depends on how we determine momentum because indeed this can be profitable, it's just that of course momentum also won't be obtained if we only follow advice from other people, especially what often happens is when following several influencers which makes this even more complicated.
It's not wrong to be in shitcoin or memecoin just to take advantage and go with the flow of the pump that was created, it's just that it needs to be accompanied by our abilities and we have to be aware of whether we have those qualifications or not. Unfortunately, if you look at a number of conditions, sometimes many are not aware of this, which keeps them trapped.
When something like this has a bigger chance for yourself, you have to be in a safer investment, like of course bitcoin is the first choice. We can't see in terms of the huge profits to be received for a few memecoins or coin pumps but we also have to look at the worst case scenario and as long as you can't afford to be there then don't do it.

On that matter, having the proper knowledge about the business that you are taking gives you the advantage, we all know that we are into investment because we wanted to earn money, even you use shit assets to make money as long as you understand and you can fully utilize your opportunity that still good to go.

It's more on your decision making and how well you are in taking a risk, and here the decision making of using either spare money or you will going to place a good portion of your saving to take the risk and hope for the best, believing in your own capabilities will guide you to take your path in this kind of business.

Correct. As I said before, get to know yourself first if you really want to do something.
As long as we are capable and have some profitable research and have faith in yourself then it can still be done but if indeed you are just tempted by instant gain but don't have sufficient resources in this regard such as more knowledge about how shitcoin does its job and you only focus on hype or maybe influencers who always want personal gain, so it's better for you to undo it because it won't be true and it will actually make you trapped, which in the end thinks this is fraud.

slapper

legendary

Activity: 1904

Merit: 1096

Leading Crypto Sports Betting & Casino Platform

Quote from: komisariatku on June 27, 2023, 05:28:21 PM

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

I think it's the law that applies everywhere. We must have knowledge about what we are going to invest. If not, it's stupid, even though all investments can generate profits, whether you have knowledge or not. But in investing there is a big risk, this is what makes all investors must have knowledge, so that if something bad happens they don't panic and know what to do with their investment.

Investments are also divided into 2 groups, namely high-risk investments and low-risk investments. One of the low-risk investments is gold investment, home investment, land investment, blue chip stock investment, etc. One of the high-risk investments is crypto, such as bitcoin. Usually investments that have a high risk have a high return as well.

Everyone wants the money they have to work for themselves, that's what makes people like investing. Besides that, investment will also make you financially independent, if your investment is successful. But apart from investing money, we also need to invest in knowledge so that we know there are many ways to earn money, such as taking courses or attending training, or maybe studying at the master's or doctoral level.

I respect your perspective on the pivotal role of knowledge in investment. Yet, mastering risk, managing emotions, and exercising discipline are just as key. Investments, true, can be high or low risk. However, an investment's riskiness is subjective, swayed by an investor's financial standing, risk appetite, and investment aims. What appears risky to one might seem low-risk to another.

Undeniably, education is fundamental for investing. But, I would stress that real-life experience and financial literacy are equally essential. These can guide one through the labyrinth of investing, reduce risks, and foster informed choices.

Fuso.hp

sr. member

Activity: 392

Merit: 197

It is wise to start trading first with a small amount of money. Because if you can start investing with a small amount of money, then you will have a rough idea about the investment risks, then when you invest with a larger amount of money, this experience will be very useful. Before engaging oneself in any profession one must acquire sufficient knowledge and experience about that profession. Because if you engage yourself in a profession without adequate knowledge or experience, there will be more chances of failure than success in that profession. So a trader must gain some experience first.

Fredomago

legendary

Activity: 2954

Merit: 1050

Leading Crypto Sports Betting & Casino Platform

Quote from: nara1892 on June 27, 2023, 03:39:34 PM

Quote from: Fredomago on June 25, 2023, 03:43:57 PM

Quote from: nara1892 on June 25, 2023, 09:42:05 AM

When you dare to take risks, the book must be ready and do not regret what you have done. Of course, investing with money that is not used for necessities will make us very calm even if we are in a bloody market, for example.
As for putting our money in some basket or bin, I agree on that. However, we must be able to see the opportunities that exist, in another sense, we must have many profit holes in the things we do. I don't see it as something to be greedy, as long as we know what we're doing and don't just rely on luck or follow other people.

That's the good and exactly right. Taking the big risk if you are done doing your deep research will drive you to take that pattern. If the chance is high so why bother not to take it right? It's on your take and on how you drive your investment, but moving to how the topic was being written, it's something that will allow us not to fear with our investment as we are using spare amount that can be forgotten, might be possible to wait for longer time and also that willingness to let it go if a mistake has been done.

The point in this case depends on how we determine momentum because indeed this can be profitable, it's just that of course momentum also won't be obtained if we only follow advice from other people, especially what often happens is when following several influencers which makes this even more complicated.
It's not wrong to be in shitcoin or memecoin just to take advantage and go with the flow of the pump that was created, it's just that it needs to be accompanied by our abilities and we have to be aware of whether we have those qualifications or not. Unfortunately, if you look at a number of conditions, sometimes many are not aware of this, which keeps them trapped.
When something like this has a bigger chance for yourself, you have to be in a safer investment, like of course bitcoin is the first choice. We can't see in terms of the huge profits to be received for a few memecoins or coin pumps but we also have to look at the worst case scenario and as long as you can't afford to be there then don't do it.

On that matter, having the proper knowledge about the business that you are taking gives you the advantage, we all know that we are into investment because we wanted to earn money, even you use shit assets to make money as long as you understand and you can fully utilize your opportunity that still good to go.

It's more on your decision making and how well you are in taking a risk, and here the decision making of using either spare money or you will going to place a good portion of your saving to take the risk and hope for the best, believing in your own capabilities will guide you to take your path in this kind of business.

Bitcoin_people

sr. member

Activity: 490

Merit: 309

Bitcoin Halving Year 🎗️🎭

Quote from: Godlovesyou on May 12, 2023, 12:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

Basically when a person wants to invest or do business he must keep his extra money. Because many times in business there is more loss than profit then it can be restarted with extra money to compensate. Similarly, if a person wants to invest in Bitcoin, then he must keep extra money in hand and then join the investment. Otherwise, if he suffers losses by investing in Bitcoin, he will definitely break down mentally. So it's natural to keep extra money in any investment it's good for yourself. But there are some people who are new to start a business and must gain knowledge about it. And to invest in Bitcoin, one must start small and have special education about the Bitcoin market.

lab10collective

member

Activity: 112

Merit: 10

Globe-dex.com

Quote from: Dr.Bitcoin_Strange on June 25, 2023, 05:19:10 PM

I know maybe there are still a few Altcoins that someone can buy for just a short-term profit, but I know Bitcoin is still the only cryptocurrency that one can safely invest in and have better risk management. You know how volatile altcoins can be pump today, Dump the next day and for someone who is not even familiar with crypto, it can be a great problem because when you are still relying on a token to trend high, you don't know if the token might not even be valued again. If you are thinking of investing in crypto, then Bitcoin should be the first coin you add to your portfolio. We can consider Ethereum 😬, but mahn... you don't know the future of these altcoins since they're centralized.

Bitcoin is probably the only crypto currency that is leading all crypto currencies. The coin that is most trusted and has the most potential of all coins is Bitcoin. Bitcoin should be kept in your portfolio for long-term investment, but to get more profit one should also choose good and top different coins in the market.

Investments in Bitcoin are considered safe and all other altcoins are considered riskier than Bitcoin. When it comes to profits, altcoins can earn more profits than Bitcoin. There are many good and top altcoins in the market right now that are capable of giving you a good profit in the future.

For this you need to work hard and long term investment can be made in good projects after complete information and research. So I think the best low-cost coins in the market along with Bitcoin should be kept in your portfolio

Topic: Why you should use spare money to invest (Read 1812 times)