Why you should use spare money to invest - page 3.

Fredomago

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Quote from: Kadal Ijo on June 25, 2023, 12:57:40 AM

The best strategy to make us sleep and eat in peace is to divide the money into many types of investment, when bitcoin is trending, many people are too excited so they put all their money in bitcoin, and what happens is the market is red so they regret the situation, by dividing money to many places so we can avoid losses and even get scammed.

Dividing means choosing places to invest. The general rule is not to place everything in one basket, though if you deal with good research and you are fully convinced that placing your money can bring you decent benefits, you are willing to go for it. It's more on taking the risk, but in regard to how OP describes things, I agree with your sentiment. You can sleep and eat the normal way if you only use spare money in your investment.

Not fearing of anything and your willingness to wait will give you a good chance to earn after.

Kadal Ijo

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The best strategy to make us sleep and eat in peace is to divide the money into many types of investment, when bitcoin is trending, many people are too excited so they put all their money in bitcoin, and what happens is the market is red so they regret the situation, by dividing money to many places so we can avoid losses and even get scammed.

nesty

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Investing spare money can be a smart financial decision. Investing allows you to potentially grow your wealth over time. Investing can help you keep up with inflation. Inflation is the gradual increase of goods and services over time. If your money is not earning returns that at least keep pace with inflation, then the purchasing power of your savings will decrease over time. By investing, you can potentially earn returns that outpace inflation and help preserve the value of your money. Investing can help you achieve your long term financial goals. Whether you are saving for retirement, a downpayment on a house or your childrens education investing can help you accumulate the funds you need to achieve these goals.

xSkylarx

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Quote from: Joshapat on June 21, 2023, 09:45:14 AM

The thing that I often heard when I was at school is don't put something valuable in one place, if the place is damaged then we will lose everything, and the important thing we have to do when investing is always share it in many places, cryptocurrencies are very promising investments but have a high risk so we have to share it with other types of investment such as stocks, property or others.

That is also what I've heard in school coming from my teacher. For example, if you save some paper money (except coins) in your piggy bank, if something happens like a flood or your house gets burned, your money will also be gone, and they explain that we should put it in the bank or create a business that you can invest in because holding or hiding that money means that it won't grow, but the value is the same.

19Nov16

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Spare money is a good strategy for anticipating bad things, in investment there is always a chance to lose money and even scam, I have had a bad experience from Crypto investment so that I will divide money to many places and because crypto is a type of high risk investment so I only use money with a small percentage.

DrBeer

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Money lying "dead weight" actually creates a lot of problems:
- It doesn't work within the economy. Money is the lifeblood of the economy. If everyone starts putting money in a box and not buying anything, not investing anywhere, the country will turn into a quiet poor swamp...
- Frozen money is subject to inflationary processes. Yesterday it's $100,000, a year later it's only $90,000.
- Investments are both additional income, and support economic processes and the development of other industries

Bottom line - it's useful and efficient. Although it is silly to deny that there are no risks.

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Quote from: CarnagexD on June 20, 2023, 10:00:44 AM

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 invest 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.

Absolutely. Only use spare money and that money you are willing to lose. It's like getting into the university again but this time your own failure will be the one that will teach you. And guess what? If you have the proper risk properly, and you are able to follow it very well, you will last long in the game. You may not have big returns, BUT you will last long enough to learn want you need to learn. And what I believe newbies will need to do. That's the beauty of it.

Part of that learning process is losing your position in your investment. The reason why it's better to use such an amount that you
can let go and will not bring a heavy burden to you.

Along the way, when you already learn and be familiar with how the market works, then you can add more, the chance of losing
still present, but the chance of making a good outcome is also good.

More on how you'll going to position yourself after understanding and learning the market.

Joshapat

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The thing that I often heard when I was at school is don't put something valuable in one place, if the place is damaged then we will lose everything, and the important thing we have to do when investing is always share it in many places, cryptocurrencies are very promising investments but have a high risk so we have to share it with other types of investment such as stocks, property or others.

GeorgeJohn

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Bitcoin is achievement

It's very nice and acknowledable that you have to use your spare money to invest in Bitcoin should Incase you venture into disadvantages during the investment properly, if you dear use your capital or what you have to invest in bitcoins and the investment go wrong you will start from scratch to bank up another finance to start up another business and definitely it will take you so many years to raise same amount of money, so therefore it's encouraging to use your spare money cryptocurrency investment, that's while people always said that investors should use the money they can afford to lose for investment because lose and profit which is involve in cryptocurrency investment

ginsan

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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 theory, some of the steps that investors do are to do it with cold money or reserve money so that they are able to balance their expenses against other needs without having to sell the assets or coins they bought earlier.

In other words we want to invest in Bitcoin in the long term. So we implement investment options using reserve money which we can use to buy in stages according to the level of financial strength we have without a strong level of pressure when the market situation changes rapidly because we use reserve money to invest.

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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 invest 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.

Absolutely. Only use spare money and that money you are willing to lose. It's like getting into the university again but this time your own failure will be the one that will teach you. And guess what? If you have the proper risk properly, and you are able to follow it very well, you will last long in the game. You may not have big returns, BUT you will last long enough to learn want you need to learn. And what I believe newbies will need to do. That's the beauty of it.

Jatiluhung

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Quote from: SmartCharpa on June 17, 2023, 04:53:12 PM

Everyone who has been investing for a long time doesn't need to consider how much money they should invest in cryptocurrencies; all the ideas and risks should be assumed by those who are just getting started, as long-term investors are aware of the risks involved and have already invested the amount they believe will result in a large return on their investment.

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.

slapper

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Quote from: milewilda on June 19, 2023, 03:12:45 PM

Quote from: Sayeds56 on June 19, 2023, 12:51:16 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.

It is crucial to save a portion of your monthly earning, and making wise investment can prove advantageous for your future retirement. Investment in crypto currencies such as Bitcoin or stocks of popular companies like Amazon,Apple, Microsoft or Samsung can potentially yield substantial returns in the long term. To minimize risk, it is better to begin with small small amount and continue investing by using DCA (Dollar Cost Averaging) strategy which is consider beneficial to maintain buying cost at a reasonable level. However, it is important to acknowledge that all investments carry some level of risk, therefore carefully evaluate your risk tolerance level before making any investment decision.

Having a savings is always been advantageous because this isnt only for the sake of emergency purposes but also in other things as well like investment or making up a business because not all would really be that the time that we do always have the money unless if you are extreme filthy rich which does have lots of income source then this wont really be an issue if we do speak about spare but if we are on someone whose been sitting on the middle. Then for sure you would really be mainly thinking about about on having savings since we know that we could really make use of it on the future. About investment then whether a saved money or not then
it would be no choice but it would be better if you do make use on something that you can really afford to lose. Every step we do make and every decisions would really be accompanying such risks because we know
that investment is risky but we cant really be able to progress if we dont take up such risks.

I see you carry the badge of a traditional saver, focusing on future, plans, watching that nest egg swell. Cozy feeling, right? But remember, savings isn't static, it's a living resource meant for tactical use.

Your nod to investments is on point. Risks do exist, but they aren't all the same. Gauge your risk appetite and explore fitting options. It's not about sinking everything in one daring punt, but diversfying your assets.

You highlight the need for money know-how. We must guide folks towards smart financial choices for personal and national upliftment. So, cheers to savings, but let's also rally for a deeper understanding of financial savvy.

milewilda

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Quote from: Sayeds56 on June 19, 2023, 12:51:16 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.

It is crucial to save a portion of your monthly earning, and making wise investment can prove advantageous for your future retirement. Investment in crypto currencies such as Bitcoin or stocks of popular companies like Amazon,Apple, Microsoft or Samsung can potentially yield substantial returns in the long term. To minimize risk, it is better to begin with small small amount and continue investing by using DCA (Dollar Cost Averaging) strategy which is consider beneficial to maintain buying cost at a reasonable level. However, it is important to acknowledge that all investments carry some level of risk, therefore carefully evaluate your risk tolerance level before making any investment decision.

Having a savings is always been advantageous because this isnt only for the sake of emergency purposes but also in other things as well like investment or making up a business because not all would really be that the time that we do always have the money unless if you are extreme filthy rich which does have lots of income source then this wont really be an issue if we do speak about spare but if we are on someone whose been sitting on the middle. Then for sure you would really be mainly thinking about about on having savings since we know that we could really make use of it on the future. About investment then whether a saved money or not then
it would be no choice but it would be better if you do make use on something that you can really afford to lose. Every step we do make and every decisions would really be accompanying such risks because we know
that investment is risky but we cant really be able to progress if we dont take up such risks.

bayu7adi

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paper money is going away

Quote from: Fredomago on June 16, 2023, 06:30:46 AM

We commonly see this quote, something that will remind us about the money that we will going to stake when we start our journey towards investment, it's risk that we need to understand and we need to be ready when we decide to take our participation.

There is no meaningful journey when you have a 'no hope' mindset like this because eventually, you will engage in speculation as well. If your goal is indeed to seek profits, then utilize your funds to the maximum extent. I do not advocate going all in, but I encourage maximizing the funds you possess.

Using funds that you can afford to lose, typically representing only a small percentage of your entire wealth, allows you to start appreciating money. You won't be able to value money if you keep playing continuously. Approaching it with greater seriousness will undoubtedly train your mind to think harder and harder.

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Quote from: SmartCharpa on June 17, 2023, 04:53:12 PM

Everyone who has been investing for a long time doesn't need to consider how much money they should invest in cryptocurrencies; all the ideas and risks should be assumed by those who are just getting started, as long-term investors are aware of the risks involved and have already invested the amount they believe will result in a large return on their investment.

I think this advice can be for all investors who invest in crypto currencies for the long term. always invest that money which is more than you need, whether you are a new investor or an experienced investor. one should never trade with necessary money and never make long-term investments.

The mistake can happen to anyone. Sometimes even very experienced people get greedy or emotional and invest their necessary capital, which has to be sold at a loss when needed. Therefore, even experienced people should not ignore the spare money investment advice at all, because the crypto currency market is a risky market where your capital can double and it can be zero. Therefore, you should always make your investment carefully.

Sayeds56

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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.

It is crucial to save a portion of your monthly earning, and making wise investment can prove advantageous for your future retirement. Investment in crypto currencies such as Bitcoin or stocks of popular companies like Amazon,Apple, Microsoft or Samsung can potentially yield substantial returns in the long term. To minimize risk, it is better to begin with small small amount and continue investing by using DCA (Dollar Cost Averaging) strategy which is consider beneficial to maintain buying cost at a reasonable level. However, it is important to acknowledge that all investments carry some level of risk, therefore carefully evaluate your risk tolerance level before making any investment decision.

Ryu_Ar1

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Quote from: xSkylarx on June 16, 2023, 06:41:48 AM

Quote from: Sayeds56 on June 15, 2023, 10:53:21 PM

Quote from: BIT-BENDER on May 12, 2023, 03:51:50 PM

I am not anyone's financial adviser so right now I am speaking for myself, yes investment is risky and this character is not only seen in Bitcoin and crypto-currency even off crypto investment are risky.

But with the time I have been able to be active in Bitcoin I can say the risk in Bitcoin is lesser than many other investment opportunities in the long run.

The world is going tech and Bitcoin is the leading digital asset in the world right now and the want for Bitcoin would always increase, I would say invest according to your capital when in investing in Bitcoin rather than saying what you can afford to lose. If you are a long term investor and you only invest in Bitcoin I still don't see how you can lose.

While it is true that most of us are not financial advisers, but what we have learned about investment through our experience with crypto space, suggests that all type of investments carry some level of risk while Bitcoin is comparatively more risky as is extremely volatile. Surprisingly though, it remains subject of extensive discussions across various platforms of social media, that reflects notable interest among investors. Consequently, it is considered best asset for long term investment having potential to reward its investors with significant returns.

and also invest what we can afford to lose, because before, for sure, we were only thinking about the profit and not the possible losses. What is best about bitcoin is that in the past few years we have already seen that the price of bitcoin keeps increasing, which is a pattern that if we predict it will still continue rising over the years, but it doesn't mean that it doesn't dump, as there are years that it is in the red, but still, the overall value from its start is very far from now.

I personally do not currently use reserve money to invest. Previously, I did the same thing, but the longer I actually realized that the strategy I was doing was a little less precise.
Currently I prefer to budget than my needs for investment. I provide special space for investing by giving them into one basic need for me to take out of my income for one month.
I assume that the spare money will eventually be placed for unforeseen needs so rather than bothering it I prefer to budget from the start.
But whatever it is, as long as it is used for investment and ready to take all the risks, I really appreciate those who are on this path.

BitcoinTurk

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Quote from: Quidat on June 17, 2023, 06:59:34 PM

Regrets do always come in the end and this is something that we must avoid on tolerating for it to happen since we know that there's no such thing about assurance on getting positive results on every investment that you would made and this is why you should really make use of those money which are really that your extra or something that you dont bother on the time that you would be losing it but of course you would really be doing your best for you to minimize such chances or risks.

I absolutely agree, there is never any regret at the first when investing but it is possible to experience a serious regret depending on the condition of the investment. In order to keep this situation as the lowest probability absolutely every investment should be made with money that will not be needed in the short or medium term. Otherwise, it will be inevitable to regret that investment. Also, managing investments with a budget that will not be needed helps you to reduce the potential risk ratio a little more in risk management as it will also contribute to not turning your investments into cash in case of potential money needs.

erep

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Quote from: Inwestour on June 18, 2023, 04:04:44 AM

How do you determine how much you are willing to lose? It seems to me that this initially implies small amounts for investment, but in this case you will not lose much, but your investments will not bring you much profit either. Therefore, I believe that this rule can be applied to altcoins when the risks for your investments are really very high.

Any reserve funds that have been invested in bitcoin are ready to lose for any risk, because there is no exact speculation on bitcoin price predictions and we still believe that our investment in bitcoin will not lose much if we position the investment for the long term. Some of the reserve funds have been allocated to invest in bitcoin, have nothing to do with other funds, we even have an emergency reserve fund for whenever we need it.

Quote

And then I have a counter question, if you only invest the money that you are not afraid to lose, what do you do with all the other money that you save, you just keep it?

We have financial management based on allocation and purpose, including funds for daily needs, some deposit funds at banks (fiat), reserve funds including investment funds into bitcoin and emergency funds, gold investments, everyone has different financial management, so it's clear that all other money is used according to the distribution of allocations that have been regulated in financial management.

Topic: Why you should use spare money to invest - page 3. (Read 1812 times)