Why you should use spare money to invest - page 13.

Finestream

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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.

Regardless if you are a beginner or pro in an investment, it’s always important to invest only at your spare money or your extra money so that if you end up losing them, that will not affect you that much. Unlike those who invest all in and spend all their hard-earned money, when their investment fails, it turns out that they also want to end their lives thinking that they are no longer worth it anymore. Life itself is an investment, if you don’t know how to handle the risks associated in it, you will never be successful in the long run.

Mpamaegbu

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Quote from: isaac_clarke22 on May 16, 2023, 09:24:03 AM

Sometimes extensive research and FS are overkill if you know that the coin/token/project is just shit.

That's just the point! Sometimes I want to compel myself to believe that most people forcefully expose themselves to be scammed. Everyone has guts feeling that alerts us of something but truth remains that sometimes we want to ignore it and do the permissive, especially when our minds are already made up to do it. In trying to go ahead we conjure up all sorts of "what if". Frankly, there are projects with scam well written over them without anyone digging an inch into them in research as to whether they're genuine or not. Yet there are people who still invest in those projects. How such projects get those they scam is a wonder to me.

ShowOff

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Quote from: AakZaki on May 16, 2023, 02:01:38 PM

Sometimes people don't think like this. They tend to speculate a lot more. They are attracted because of the benefits they will get even though they do not have the expertise. I think it's better for you to use money you don't use. Not a reserve of money, but indeed you are ready to lose the money you use. Reserve money is still risky enough to invest. Invest with very free money. Start small, learn how to manage your money and how to invest. It will shape your investment pattern and of course you feel more confident in your abilities.

Regardless of where someone's investment budget comes from, I think in the end they also have to recognize and consider risks. Investors who succeed in getting returns are those who manage their investment risk well even though they have to take bigger risks.

Sometimes I agree that the source of the investment budget must be money free from long-term use plans. But using a reserve fund or what is often called an emergency fund is also fine instead of keeping fiat for the long term. The main problem is the percentage how many they are, it must not be a problem if the reserve fund is used for investment. I think using 10% to 20% of reserve funds for investment is within reasonable limits.

AakZaki

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Quote from: Mpamaegbu on May 16, 2023, 05:39:12 AM

Yes, it's good not to invest what can jeopardize our peace of mind or render us a financial wreck. The only reason this is sermonized is in case things go wrong as no one has a full grip of what happens in this industry. It's not as if it's always awry. Those who invest small, fearing they will be wrecked if things go sour should also not regret not investing more if things go well. No regrets in this industry. Whatever happens should be seen as a lesson and not as a moment of regret or get bloated with excitement.

Sometimes people don't think like this. They tend to speculate a lot more. They are attracted because of the benefits they will get even though they do not have the expertise. I think it's better for you to use money you don't use. Not a reserve of money, but indeed you are ready to lose the money you use. Reserve money is still risky enough to invest. Invest with very free money. Start small, learn how to manage your money and how to invest. It will shape your investment pattern and of course you feel more confident in your abilities.

isaac_clarke22

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Quote from: Smartvirus on May 15, 2023, 07:05:12 PM

At the time, bitcoin remains a not very well known commodity in our society. An alien to the many currency and means go investing in our world but in all that, there atr goose that have and ate taking maximum advantage of the innovation.
The strange nature of bitcoin being a digital currency m the fact that it ain't regulated, isn't backed up and governments are always seeking means to ensure it lands in a sink hole has got many weary and uninterested in the innovation.
It seems a very risky investment choice and that gives prospective investors reasons to shy away.

If not alien, it can be that people have misconception like me back in the time when it was still cheaper. I always had thought that Bitcoin was sort of like an illegal coin that is continuously being hunted down by the government and it was only purely used by criminals in both Surface Web and Dark Web.
This is why I did not even invest a single penny at that time.

It is still indeed a risky investment these days, but hey from how Bitcoin just surpassed 20k for like 2-3 years ago. Pretty sure that would build up trust for those "prospective investors". Knowing that Bitcoin does not worship a regulator nor it is regulated by another party is just a plus for me like always.

Quote from: Kelward on May 16, 2023, 09:06:36 AM

I agree with you that it is not investing what you can loose, but making extensive research before investigate. If you carry out your feasibility study well and truly find out that a business is profitable, then why invest spare money. I'm not saying that you should put all your money in it, but if you believe in the investment, then you can put in something substantial to invest in the business. Business is all about risk taking.

Sometimes extensive research and FS are overkill if you know that the coin/token/project is just shit. Let's say most of the meme coins out there fall into this category, like there is no need to do such extensive research from it.

Kelward

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Quote from: Ojima-ojo on May 12, 2023, 12:32:55 PM

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

Snip~

So the bottom line is, invest what you can afford to lose in Bitcoin and other investments because the risk associated with investment is not only limited to Bitcoin alone but all other assets and investments.

Let me tell you a real-life story, I have a friend from whom I received the same amount as payment for our overtime travel work sometime last year 2022, and when we wanted to invest the money, he optioned into real estate because he feel it more secure and profitable than bitcoin, but I used my whole allowance and travel payment to buy more bitcoin.

At that time, the Bitcoin price was around 17k, but now, while my friend in real estate is waiting for tenants to rent his apartments, my own Bitcoin investment is already yielding of about 10 percent.

I agree with you that it is not investing what you can loose, but making extensive research before investigate. If you carry out your feasibility study well and truly find out that a business is profitable, then why invest spare money. I'm not saying that you should put all your money in it, but if you believe in the investment, then you can put in something substantial to invest in the business. Business is all about risk taking.

Mpamaegbu

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

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.

Yes, it's good not to invest what can jeopardize our peace of mind or render us a financial wreck. The only reason this is sermonized is in case things go wrong as no one has a full grip of what happens in this industry. It's not as if it's always awry. Those who invest small, fearing they will be wrecked if things go sour should also not regret not investing more if things go well. No regrets in this industry. Whatever happens should be seen as a lesson and not as a moment of regret or get bloated with excitement.

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Quote from: Yamifoud on May 15, 2023, 09:27:14 AM

Quote from: Luffygroove on May 14, 2023, 11:36:53 PM

...
It's still going to hurt when you lose, but at least you're ready and prepared for the consequences.

It is because we expect profit from our investment, not losses. Even though it was just spare money, it still had value and we work hard for it.
In my mind, even if it was just my spare money, I would still look it was very important to me and I have to work for my investment in order to succeed and not just be okay to lose them all.

Though it was recommended by most but I have to challenge beginners not to let it go so easily that is why we should have to look for good coins to invest in order to have some profit assurance. Besides, this will even boost our courage and motivate us.

The keyword from my statement is "ready and prepared for the consequences" of course we don't want to lose our money even if it's spare money, but at least you won't get additional trouble like when you invest your daily needs money or loans.

Vaculin

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Quote from: _BlackStar on May 12, 2023, 03:23:49 PM

Quote from: Pity Token on May 12, 2023, 02:46:06 PM

There is no need to risk even small money as a newbie, for experience it is better to use a demo trading account. Once you are confident in making profitable trades, then you can use your spare money.

The demo only helps you to understand some trading features, it will not help you make the same profits when you enter a live account.

Investing and trading is a risky activity, so if you are too paranoid about the risks that exist then please do not trade or invest. To become a successful investor and trader to earn returns, you must consider the risks even if you have to start with a small budget. Do research, learn more and gain experience.

Live with the risks and embrace them. That way, you don’t have to fear those risks as they can be part of your future success. Otherwise, if you don’t take risks, you’ll never have something to achieve. And never stop from learning from all the experiences that you may encounter, especially those who made you experience losses as they can be your motivation to improve on your own craft. Demo trading might only be good for beginners but it can never guarantee success when you’re in live trading. Experience is still the best teacher.

Smartvirus

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At the time, bitcoin remains a not very well known commodity in our society. An alien to the many currency and means go investing in our world but in all that, there atr goose that have and ate taking maximum advantage of the innovation.
The strange nature of bitcoin being a digital currency m the fact that it ain't regulated, isn't backed up and governments are always seeking means to ensure it lands in a sink hole has got many weary and uninterested in the innovation.
It seems a very risky investment choice and that gives prospective investors reasons to shy away.

This is where investing with spare cash comes handy. For most, it just might be worth nothing and you possibly wouldnt gain much if you was able to hold on to it for price appreciation. Its a step at a time and what yiu call spare cash would be worth more than you can afford to lose when you invest continually.

GeorgeJohn

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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.

Investment have a scope which I believe that many people suppose to know that investment have strategies, so I believe that investment of bitcoin have it on way, for investment you have to take a proper instigation before you can invest in bitcoin, so I believe that such kind of investment is something that you have to know first before investing in bitcoin, you can't wake up and invest all your fund's into investment, because people who has been using bitcoin know quite well bitcoin investment have advantages and disadvantages because its a virtual currency which sometimes might occur during the time of the investment as I may say, bitcoin disadvantages is higher than the advantages, so the disadvantages is all about bearish time.

Kasabus

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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.

That’s one of the basics in investing, putting a small amount of money at first so that if you lose, you will never be affected with it. But since new investors are mostly greedy, they immediately invest in big amount hoping that it will surely give them big returns. And when they lose them because of their greed and being impatient in the market, they end up having financial struggles and jump into conclusion that crypto is a real scam and should not be trusted for all investors.

Botnake

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Any investment could bring out the best profits or the best losses in you knowing how uncertain like bitcoin investment is. That’s the reason why we should never put an amount that is too hard to lose, but put an initial amount that you will never mind once you lose them all. After all, investing is not 100% giving you profits all the time. So in times when your investment is not working based on the plan, then it’s a good thing that we only invest using our spare money, as it could never affect our finances once it’s gone.

DaNNy001

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Quote from: rozak on May 14, 2023, 01:13:28 PM

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.

when someone decides to put their money in an investment, they must already be aware that they are taking the risk of losing. beginners still have to learn how they put their money into the right assets. it will help beginners not to panic too much about the investments made.
beginners are better off focusing on one asset first, like Bitcoin, and not trying to put their money in shit tokens.

I don't know but nobody is talking about the greed effect and to put you more in line, this logic or fact of knowing the right place to invest doesn't only applies to beginners as everyone can make wrong choices of investment prior to the greed effect that is seen in almost all humans. Most times the reason for people investing in these shitcoins as you called is because of the nature of how fast they can possibly make good profits in some time from these coins and most times no proper research is done as they are currently blinded by the money they can make from this coins and when this turns sideways all assets are lost to these type of investment because the shitcoins are never to be trusted as they can pump up rapidly and also die off extremely fast.

qwertyup23

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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.

In addition to what you stated, always invest the money that you are willing to lose.

I remembered I read this article that once you save your money (e.g. safety deposit box, piggy bank, etc.), you are most likely to spend it. It is highly recommended that you use your spare money for investment purposes in order to maximize the returns that you can potentially earn in the future.

But again, treat your investments as money that can also potentially be a loss in the event of a market crash. That is the reason on why some create a contingency plan in order to at least lessen their losses. At the end of the day, an investment is something that must be followed and reviewed in order to get the most out of it.

imamusma

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Quote from: rozak on May 14, 2023, 01:13:28 PM

when someone decides to put their money in an investment, they must already be aware that they are taking the risk of losing. beginners still have to learn how they put their money into the right assets. it will help beginners not to panic too much about the investments made.
beginners are better off focusing on one asset first, like Bitcoin, and not trying to put their money in shit tokens.

The main point is that every investment carries risks and nothing is risk free. In the crypto space, the investment risk is real as price volatility will automatically impact the budget they have even after 1 second from the purchase. However, the most feared risk is not volatility if the investment assets they have have great potential in the long term to provide returns, but the risk of losing assets due to lack of knowledge and experience in securing wallets is the most important.

Investors will not lose their bitcoin or investment assets even if the price fluctuates, but they will lose their investment assets when they do not practice the best security for their wallets. Trivial things might be fatal, so it's true that those who decide to invest in crypto should pay attention to what the risks are.

Alisha-k

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Quote from: Yamifoud on May 15, 2023, 09:27:14 AM

Quote from: Luffygroove on May 14, 2023, 11:36:53 PM

...
It's still going to hurt when you lose, but at least you're ready and prepared for the consequences.

It is because we expect profit from our investment, not losses. Even though it was just spare money, it still had value and we work hard for it.
In my mind, even if it was just my spare money, I would still look it was very important to me and I have to work for my investment in order to succeed and not just be okay to lose them all.

Though it was recommended by most but I have to challenge beginners not to let it go so easily that is why we should have to look for good coins to invest in order to have some profit assurance. Besides, this will even boost our courage and motivate us.

It's a risky world, while expecting the best, expecting to make profits, it's necessary to prepare for the worst.
Some good things don't come easily, you have to work tirelessly for it.

Yamifoud

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Quote from: Luffygroove on May 14, 2023, 11:36:53 PM

...
It's still going to hurt when you lose, but at least you're ready and prepared for the consequences.

It is because we expect profit from our investment, not losses. Even though it was just spare money, it still had value and we work hard for it.
In my mind, even if it was just my spare money, I would still look it was very important to me and I have to work for my investment in order to succeed and not just be okay to lose them all.

Though it was recommended by most but I have to challenge beginners not to let it go so easily that is why we should have to look for good coins to invest in order to have some profit assurance. Besides, this will even boost our courage and motivate us.

Luffygroove

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Let me paraphrase the question: "Why should you use spare money to invest and not money for daily needs?" because when you make sure to invest with spare money, you don't urgently need that money, and your daily needs are already fulfilled. This will relax your mind and make you better at taking decisions with a clear head. When you invest with spare money, it makes you more flexible in managing your portfolio without too much thinking about the money. Some people invest in crypto on loan; I think that's not good. If you lose, you lose not only your current money but also the loan. There is an additional burden to that. Investing the amount that you can afford to lose is the right answer. It's still going to hurt when you lose, but at least you're ready and prepared for the consequences.

Devwuh

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Investment in the encrypted market is risky, and it is necessary to invest within the range of acceptable losses. And investing your money in many different types of assets can help reduce the risk of your portfolio, increase your wealth and achieve your financial goals.

Topic: Why you should use spare money to invest - page 13. (Read 1845 times)