Why you should use spare money to invest - page 5.

Jody.Drummer

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Quote from: sulendra12 on June 02, 2023, 05:33:54 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.

Using small money is great to learn the basic and to get the grasp on trading about the strategy and what to do/not and as the time progresses, you can definitely increase your investment capital by a little until you are confident with the knowledge you have. But still make sure to use the money you can afford to lose and not with your main savings, greediness is evil and you can definitely get trapped by that if you are careless with your savings and management.

Make sure we don't immediately look at the benefits we will get, because that will make us psychologically disturbed and it is not very good in the process of learning everything in trading or investing. I also agree with that, we can use as little money as possible to study, not because we can't afford to spend a lot of money, but that's to reduce the risk when learning. Small money can help us not only in the process of understanding trading, but it can also help us to be more self-controlled and manage our finances well. Logically, when we think about using small money first, indirectly we have done good management of trading.

mvdheuvel1983

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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.

There's spare money that is small money and there are big monies that are also spare money. What if I have have small money that is not spare money since the risk is low I can still go ahead to invest in Bitcoin. Because it is small money and it is something I can afford to lose despite it not being spare money. If I have big money that is spare money but I cannot afford to lose all at once. The best way will be for me to divide the money into smaller sums/amounts and invest in Bitcoin a given time of my choice.

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Quote from: nesty on June 05, 2023, 02:02:40 AM

Investing excess or spare money is a good idea because investing could allow us to earn a higher return rather than keeping the money in a savings account. Investing can help us to diversify our portfolio and with that we can manage the risk. By investing in a variety of different assets we can spread the risk and it will reduce the impact of any individual investment who does not perform well. Investing can help you achieve long term financial goals such as retirement or purchasing house and lot. By investing over time we can build an amount of wealth that can be used to fund these goals.

The benefits of investing are many, and it can be said that investing is the fastest way for us to get rich. But besides the benefits, investing also comes with a lot of risks, which can make us lose if we invest in the wrong way. Investing is not easy, as many people say, and that's why everyone invests, but not too many are successful.

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One thing or event that we forget to note will confuse the direction of decision making. meaning we forget where the loss lies. The pattern of work is almost the same in terms of trading. If we are not careful and immediately trade in again and again out, it will automatically deduct the estimated value from the maker's point of view even though the value varies on one platform. Just as the saying goes if you remember you will survive. it may sound simple but it is a surefire way to put it into practice, just like financial record keeping.

nesty

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Investing excess or spare money is a good idea because investing could allow us to earn a higher return rather than keeping the money in a savings account. Investing can help us to diversify our portfolio and with that we can manage the risk. By investing in a variety of different assets we can spread the risk and it will reduce the impact of any individual investment who does not perform well. Investing can help you achieve long term financial goals such as retirement or purchasing house and lot. By investing over time we can build an amount of wealth that can be used to fund these goals.

Aanuoluwatofunmi

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Quote from: rhodelmabanal on June 02, 2023, 08:56:25 PM

We should used a spare money on investing simply because we don't know what will be the out come of our investment, and it takes year to withdraw if there is profit on it, so if we use the money that is needed fro daily expenses there is a possibility that our investment plan will be cut off shortly instead of limiting our investment in 4 to 5 years we cut it into two years because we are in need, so i believe that it is an advantage that we use spare money than the needed money.

We should also use our spare money to invest because it's makes it look more appropriate for our readiness for a start on what we are interested to invest and also help us value, monitor and appreciate what we have invested on, the worst decision is to borrow money and invest with it, if we didn't have spare money then we should go and work to earn money, there are many means we can go through getting a financial income to create a start up.

khiholangkang

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Quote from: rhodelmabanal on June 02, 2023, 08:56:25 PM

We should used a spare money on investing simply because we don't know what will be the out come of our investment, and it takes year to withdraw if there is profit on it, so if we use the money that is needed fro daily expenses there is a possibility that our investment plan will be cut off shortly instead of limiting our investment in 4 to 5 years we cut it into two years because we are in need, so i believe that it is an advantage that we use spare money than the needed money.

I really do not recommend using a backup money for investment, because it is quite dangerous, I think it's better we use the money that is intended to invest, basically a backup money is a fund for urgent or bad needs that might occur in our lives, and That's where the use of backup money, while if you put it in an investment, you might if you find a bad situation you will get a big problem, plus if your investment is not found, it will be far more dangerous because you will sell with a state of loss at the time That.
Reserve funds and investment funds must be separate for your financial health.

Quote from: Wong Gendheng on June 03, 2023, 05:00:28 AM

Spare money when investment is important, never put money in one type of investment because it will make us regret when the investment loses even a scam, as investors we must always have financial security so that whatever happens we are not easily panicked.

In other words, investment is the second step, you have earned income, with the term diversification you can get some of the income from income from the main work, and the reserve money needs to be prepared to anticipate the problem or to maintain if you get a problem.

Fakhrulenclix

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Quote from: Wong Gendheng on June 03, 2023, 05:00:28 AM

Spare money when investment is important, never put money in one type of investment because it will make us regret when the investment loses even a scam, as investors we must always have financial security so that whatever happens we are not easily panicked.

That's why it's said don't risk everything in investing because of the big risks and also the future possibilities that we still can't know.
I really agree that when investing, you have to use reserve money that doesn't interfere with your life's needs, long waiting times and also when market prices decline, the possibility of panic is very small and that's something to avoid losses.
invest in anything, it is very important.

Wong Gendheng

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Spare money when investment is important, never put money in one type of investment because it will make us regret when the investment loses even a scam, as investors we must always have financial security so that whatever happens we are not easily panicked.

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Quote from: Joshapat on June 02, 2023, 11:02:08 AM

The best thing when we want to be successful in investing is to use money that we can think of as lost, don't use money that will be used for needs, sell assets or go into debt, this will make us regret because the market is often unpredictable so bad things can happen. If we rely on crypto investment for the main income of course it will make us depressed.

If traveling is a burden then running is not an option. If traveling is pleasure then treading is enough to be an option. I mean We have to be able to take a prudent approach in our finances, if indeed using money that we think we lost or we can let go if bad things happen. This helps reduce stress and anxiety levels associated with investing. that's why we need reserve money for investments whose nature there is no definite certainty when it goes up and when it goes down there is no guarantee that we will get the expected profit in the near future. If things don't go according to plan, we will have financial difficulties later.

What you have to remember is, the future is full of surprising things, especially in the field of business finance and economics, so everything returns to each other's personal and individual risks. Everyone has different views, different thoughts and different goals. Just do what is best for ourselves according to our thoughts and goals. What is certain is that INVESTMENT IS A MUST, But it must be with spare money.

rhodelmabanal

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We should used a spare money on investing simply because we don't know what will be the out come of our investment, and it takes year to withdraw if there is profit on it, so if we use the money that is needed fro daily expenses there is a possibility that our investment plan will be cut off shortly instead of limiting our investment in 4 to 5 years we cut it into two years because we are in need, so i believe that it is an advantage that we use spare money than the needed money.

Jchris50

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It's better to invest on a trade or a business which you know not more about with a spare money because you never cant tell what the outcome of the investment might turn out to be, if it falls or not...

I was introduced to a platform, an investment platform never new it was a scam even being advise by person, well I tried it by investing and I lost my money, hoping to get something. Well I interested a spare money doe. But I regretted it..

To that have heard about Bitcoin I think, and I most say is great and reliable

sulendra12

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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.

Using small money is great to learn the basic and to get the grasp on trading about the strategy and what to do/not and as the time progresses, you can definitely increase your investment capital by a little until you are confident with the knowledge you have. But still make sure to use the money you can afford to lose and not with your main savings, greediness is evil and you can definitely get trapped by that if you are careless with your savings and management.

tjtonmoy

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Many knows this, but why they still do it? Emotion, greed, lack of analyzing skills, overconfidence, lack of knowledge? What is it? It is never a good idea to put all your money in one trade or any investment at all. The result is uncertain and not 100% guaranteed that you will make profit from it. So the risk is there and when you put all of your assets in one thing, when things go south, you are literally left with nothing. Also, one more thing I see now is that people take loans and put them all in investment and when they lose, the pressure to repay the debt is much worse than spending what you had. Why invest, which is not even yours in the first place?

Investment should only be made with those assets without which, your personal life will remain the same, and it won't affect your life at all. This is a topic that has been discussed many times in the past, but people still ignores it. So thanks to OP for making us remember this again.

usekevin

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Every person had a capacity to win in the business and to lose on the same business.To get some steady flow from the business,every one need their own strategy.All the trader should keep their records and note from the old price variations.Most of the people earning good money from the business or the cryptocurrency trading.But they need to increase the holding money by using the cryptocurrency trading technique.Holding in the cryptocurrency is the essential one.

Franctoshi

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This issues of investing the amount which you can afford to lose should not be neglected and should be treated as important when considering doing any investment that involves digital assets, a lot of newbies investors has fallen victim of these. Some investors don't usually get real gist in the first place and until they got screwed, as they say experience is the best teacher. Recently a friend of my called me that he wants to invest in Bitcoin, the first advice I gave him was to ensure he's using spare money that he's not gonna be needing in the next 1-2 years hence I'm not in with him, which means he can survive 1-2 years without needing this money.

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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 why most people always say that only invest what you canafford to lose, don't invest that you will regret in the end. So if you're just a beginner, the suggested thing you should buy Bitcoin and hold it for a few years, don't do short trading in bitcoin right away without knowing or having any idea about it. It's okay to buy Bitcoin while you're learning it as long as you hold in long-term.

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Quote from: Joshapat on June 02, 2023, 11:02:08 AM

The best thing when we want to be successful in investing is to use money that we can think of as lost, don't use money that will be used for needs, sell assets or go into debt, this will make us regret because the market is often unpredictable so bad things can happen. If we rely on crypto investment for the main income of course it will make us depressed.

Yes, and you need to be mentally prepared for whatever situation that will come while you are in this investment, without proper knowledge
you will be fearing with the market sway and it causes you to sell your money with huge losses from your initial capital.

Make sure that you know what you are doing and that's also one of the good reason why you should use spare money, as you can hold for long and you
can treat that as a possible loss and you won't be shaken.

You can continue to hold for much longer time as you are not worrying about the money that you use.

Joshapat

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The best thing when we want to be successful in investing is to use money that we can think of as lost, don't use money that will be used for needs, sell assets or go into debt, this will make us regret because the market is often unpredictable so bad things can happen. If we rely on crypto investment for the main income of course it will make us depressed.

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Quote from: Blowon on May 26, 2023, 02:50:30 PM

Reserve money or cold or free money is always recommended to use when investing because it helps us to control our emotions and greed. with spare money that we don't really need, at least we don't rush into making decisions to invest, buy, hold, sell whatever we do with that money. it will not disturb us in our daily needs. if the main money we use our emotions will be unstable when investing.

There is no need telling people to save money to invest since a time will come when they will need money to solve problems and when they don't have money to use to solve there problems, they would have no option than to go borrowing form people around them. Many have made the worse mistake in life not to have investment they could rely on when they are broke. The wise people would always save for the time of winter when there may be no chance to plant and cultivate what they have sow. We invest in the time of surplus for a better time when we could need funds to settle problems.

Topic: Why you should use spare money to invest - page 5. (Read 1812 times)