Investment the way to economic stability

[AicecreaME]

I agree.

But on the other side of the story, not all of the people has the privilege to know how to invest, where to invest, and where to get that "enough" money that everyone needs to survive and secure their future. For example, a farmer is a very industrious man, but not all of them finished their educations, meaning, some of them are illiterate and ignorant when it comes to present way of investing to earn money.

While other people have their privilege to provide themselves such things because they are knowledgeable about it since they are updated on what's happening in the upper society. My point here is you can't blame other people if they don't know how to make money on their earned money, because sometimes, what they earned in a day is only enough to feed themselves or their entire family to survive in their everyday living.

[1714736398]

1714736398

[1714736398]

1714736398

[1714736398]

1714736398

[1714736398]

1714736398

[ChiBitCTy]

As a financial advisor I agree with a good bit of your assessment here for the most part.  Now you mention "investment platform", but I assume what you're meaning to say is a "diversified portfolio".  An investment platform would be something like TD Ameritrade or ETrade, for example. 

This is of course something I preach daily, the importance of a well diversified portfolio.  I can't so much agree to the statement that those who did have a strong "investment platform" just breezed through the Covid-19 issues.  Plenty of people lost their jobs and a lot of their savings..even if they were diversified. 

[(o)(o)ilikeboobs(o)(o)]

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

[Kong Hey Pakboy]

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

You can do both when you are earning a lot in terms of cryptocurrency, real estate is a really good investment since land is a limited resource. I mean your parents aren't wrong that you should invest but considering gold isn't in your hands when you invest in it, I would say that it is a bad idea. Investing isn't really the only key to economic stability because there are a lot of factors that contribute to economic stability and the main one is peace in my opinion.

[Anonylz]

Economic stability comes with proper planning and management, if you don't have a proper future plan it will be difficult to invest wisely or spend your earnings wisely,

Aside from investing on crypto (btc) I also like to look into real estate, made some little investment there, property investment is also very profitable if you follow the right part, it is always good to diversify, am also thinking Gold, a very stable kind of investment that will value as time passes with a peace of mind.

[RealMalatesta]

Economic stability comes with proper planning and management, if you don't have a proper future plan it will be difficult to invest wisely or spend your earnings wisely,

Aside from investing on crypto (btc) I also like to look into real estate, made some little investment there, property investment is also very profitable if you follow the right part, it is always good to diversify, am also thinking Gold, a very stable kind of investment that will value as time passes with a peace of mind.

Unfortunately that is a bit too expensive for me, I would love to do some real estate investments as well, that sounds like a great plan but the reality is that we are not talking about something that would be low entry point and that is why I understand what it is not easy for other people like me to break into that.

I have considered repairing and selling method before, talked with some people, considered it as a whole business plan, my idea was that I would buy houses that was really really small and looked after horribly, I would buy it, get in, fix everything, made it modern looking, and then sell it. But that wasn't really possible for two reasons; One was the fact that it still required a lot of money for me to buy and fix it, secondly when a house is small (preferred small so I could at least maybe get close to affording it) no matter how better it gets, it doesn't get too expensive, so you spend maybe 20k fixing it, and the house price doesn't even go up that much.

[Bitstar_coin]

Economic stability comes with proper planning and management, if you don't have a proper future plan it will be difficult to invest wisely or spend your earnings wisely,

Aside from investing on crypto (btc) I also like to look into real estate, made some little investment there, property investment is also very profitable if you follow the right part, it is always good to diversify, am also thinking Gold, a very stable kind of investment that will value as time passes with a peace of mind.

Unfortunately that is a bit too expensive for me, I would love to do some real estate investments as well, that sounds like a great plan but the reality is that we are not talking about something that would be low entry point and that is why I understand what it is not easy for other people like me to break into that.

I have considered repairing and selling method before, talked with some people, considered it as a whole business plan, my idea was that I would buy houses that was really really small and looked after horribly, I would buy it, get in, fix everything, made it modern looking, and then sell it. But that wasn't really possible for two reasons; One was the fact that it still required a lot of money for me to buy and fix it, secondly when a house is small (preferred small so I could at least maybe get close to affording it) no matter how better it gets, it doesn't get too expensive, so you spend maybe 20k fixing it, and the house price doesn't even go up that much.

Landed properly is also good way of diversifying your assets depending on your location, many people are into buying landed properties (the undeveloped land) just leave it for sometime to appreciate in value then resell, this way you won't spend so much rebuilding, all you need is initial money to pay, no extra cost is required,
I find this very interesting, although am not that buoyant yet.

[LUCKMCFLY]

~Snip~

In most of the times it does not have to have an investment platform, the investment is very broad, the word called "Diversification" always resonates, when we invest only in an asset or in a single platform the risk of failure can increase, normally people look for investments in Real Estate, Gold, among others.

Diversification in Crypto is also usually a double-edged sword, you can have the money only in Bitcoin, but some protect themselves by introducing Altcoins investment, altcoins when they rise in price usually leave a profit of more than 10% onwards when they are activate the altcoin season.

The risk that the Altcoins have is that when the bitcoin falls, they tend to fall precipitously, many times there is no chance to react to the market. Investment platforms usually have their business model index, because free is impossible, a study must be made of what is the best way to invest, according to Warren Buffet the best action is the one that can make you rich in 8 to 10 years, So you have to take into account if you want to obtain profits in the short, medium or long term. Most Investors take fundamental analysis into account, taking into account possible scenarios where the world could put itself in danger and cause the investment to fall completely to a very low value. I think that investors should do a study where they can determine if the investment is viable in the medium and long term.

And as fundamental analysis has proven over the years, as does technical analysis, according to Malkiel Burton, author of an investment book, one of the best ways to diversify is through bonds, through bonds. Digital banks, although the conditions for certain countries must now have changed, I think that investment in Gold is one of the best apart from Bitcoin due to its entire journey.

[geegaw]

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

To be honest, the accuracy in this selection cannot be guaranteed because the economy of many here also fluctuates relatively large with crypto, some were probably profit spikes but some were desperate and profits were negative due to the failure, especially the results often come very quickly, a few months to a year. Considering safety, maybe you should use your savings to invest on family advice, at least those two categories won't fluctuate as big as here but a few years of waiting is the least number for good results

[Ryker1]

Well, I agree with most --it's better to learn from small as you have plenty of times to fail. Compared to doing shortcuts and losing a lot and of course, higher gravity and higher height fall. That will definitely hurt you until you can’t even survive. I agree that if you can’t grow small, don’t ever think about growing big. The greatest talent of all is building wealth. Because it is something that has to be learning in real life and I really find this thread good.
Investment, small or big is still an investment and so grow, put on the seeds and wait for them to give you what you deserve.

[AndySt]

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

To be honest, the accuracy in this selection cannot be guaranteed because the economy of many here also fluctuates relatively large with crypto, some were probably profit spikes but some were desperate and profits were negative due to the failure, especially the results often come very quickly, a few months to a year. Considering safety, maybe you should use your savings to invest on family advice, at least those two categories won't fluctuate as big as here but a few years of waiting is the least number for good results

I agree, it is worth listening to the opinion of parents and if you want to save and increase your savings, then you should not keep all your eggs in one basket, that is, keep all your savings exclusively in one asset. Real estate and gold may not bring such an increase in value as cryptocurrencies, but gold and real estate have a fairly long history of investment, a very large number of owners and investors, fairly good fraud protection mechanisms and lower risks of price collapse than bitcoin.

[AmoreJaz]

Well, I agree with most --it's better to learn from small as you have plenty of times to fail. Compared to doing shortcuts and losing a lot and of course, higher gravity and higher height fall. That will definitely hurt you until you can’t even survive. I agree that if you can’t grow small, don’t ever think about growing big. The greatest talent of all is building wealth. Because it is something that has to be learning in real life and I really find this thread good.
Investment, small or big is still an investment and so grow, put on the seeds and wait for them to give you what you deserve.

what more can i say, instilling this mindset to your kids will be one good legacy that you can give to them in their lifetime. this will give them the concept the importance of money and investments. small or big, this will teach them how to handle their finances wisely.
it will also prepare you for situations that you may encounter in the future. and if you are prepared financially, this will ease things at your advantage.

[verita1]

My thinking is inclined to the investment of economy tokens. For a good investment it is required to choose a good cryptocurrency, you must take into account the product it represents. If it is an economy token that is backed by a product under development, you must be patient and invest in the long term. Start for a year if the earnings are as desired. You have chosen a good project that promises a good future.
It is the reason why projects and the participation of winning with staking have proliferated.

[Casdinyard]

Well, I agree with most --it's better to learn from small as you have plenty of times to fail. Compared to doing shortcuts and losing a lot and of course, higher gravity and higher height fall. That will definitely hurt you until you can’t even survive. I agree that if you can’t grow small, don’t ever think about growing big. The greatest talent of all is building wealth. Because it is something that has to be learning in real life and I really find this thread good.
Investment, small or big is still an investment and so grow, put on the seeds and wait for them to give you what you deserve.

what more can i say, instilling this mindset to your kids will be one good legacy that you can give to them in their lifetime. this will give them the concept the importance of money and investments. small or big, this will teach them how to handle their finances wisely.
it will also prepare you for situations that you may encounter in the future. and if you are prepared financially, this will ease things at your advantage.

Passing the idea from our generation to the new one will be a good thing to do but be aware of the consequences of doing so. Investment breaks the idea that being an employee is a great source of income and is something that will be sufficient for our daily lives. Investment will give you more but will definitely cost you more. The risk is the thing that should always be mentioned if you are trying to convince other people regarding investments because they might not be aware of such thing and will just focus on the probability of earning the profit. Likewise with almost everything, it has its own advantages and disadvantages but I still doubt that it will trigger an economic stability since that is quite of a bigger concern.

[batang_bitcoin]

An investor during this pandemic could also be an employee that probably has an affected company and had laid him off from his job. But what's good with that, he's prepared and he has already invested early which made him secured even though there's a crisis for a whole year around. This is why as a person, we shouldn't only rely with one source of income and learning to invest is also helping you and your family. As you invest, you're also teaching yourself a lot of things, being patient, being responsible and to keep learning. I agree that you don't need to be rich already for you to invest, this is a very misconception of many people that are in the poverty line.

[Streets 2.0]

Against the background of classic investment strategies that were popular before the advent of cryptocurrency, what we are seeing now is a completely different conversation. ICO is already an area where any person, even having a small amount of money correctly calculating everything, can make a fortune for start-up capital, while continuing to invest in this direction, everyone can get the key to freedom, financial stability and independence. And the most important thing is that it will not depend on the origin of a person, or on his race, skin color, or something else like that. This is a great time in which we live!

[South Park]

I do agree with the title, .ake money work for you and not the other way around am I right? I think that anything that makes you money without having to lift a finger is the end game of every person or that could only be me, because if you don't worry about money then you will be able to do all the things that you wanted to do that could've been otherwise impossible because you are slaving on that 9 to 5 jobs.

Making money with money is or at least it should be the ultimate goal of every single person, however make no mistake you are going to have to lift a finger, you're still going to need to know what you're doing and make an effort to see if every single investment that you made is still doing well, however this is a way better outcome than the alternative of working every single day of the rest of your life for someone else and getting paid a misery while you do it.

[Renampun]

Against the background of classic investment strategies that were popular before the advent of cryptocurrency, what we are seeing now is a completely different conversation. ICO is already an area where any person, even having a small amount of money correctly calculating everything, can make a fortune for start-up capital, while continuing to invest in this direction, everyone can get the key to freedom, financial stability and independence. And the most important thing is that it will not depend on the origin of a person, or on his race, skin color, or something else like that. This is a great time in which we live!

Cryptocurrency is the best thing that is happening in this modern era...
not only for the rich, the handsome, or the one who has influence. Cryptocurrency is a global investment that is available to any group if one is willing to learn and believe in crypto. *I really love cryptocurrencies and would never turn to fiat 'lol'

[SquallLeonhart]

You can stay with a little but if you can discipline yourself couple with you having a good investment platform that implies you're already planning for Future.
The role of investment can't be over-emphasize, we all should  cultivate that habit and most importantly we should read to k or consult an expert so you can be assured you're doing a nice investment.

Good investments? After getting into bitcoin I just forget about that completely. Yeah, I forget to diversify in portfolio as well. A god investment could be defined by terms of return rate whereas bitcoin must be a highly profitable investments  if you consider any time frame which is higher than four years. I agree investment will help us to live a smooth like regardless of any economic crisis.

Cryptocurrency is a global investment that is available to any group if one is willing to learn and believe in crypto. *I really love cryptocurrencies and would never turn to fiat 'lol'

I may convert some of my bitcoins into fiats after one bitcoin will be having more than one million value. Because, I need some other income stream so that I would never need to sell my bitcoin for my day to day life. I am sure that I will regret for spending bitcoins for my grocery needs as what I am spending today for groceries may worth millions after few years.

[xiboothrezi]

~however this is a way better outcome than the alternative of working every single day of the rest of your life for someone else and getting paid a misery while you do it.

besides working hard, we also have to work smart. investing is one way to achieve financial freedom when our physical abilities begin to decline, we must really prepare for this. It is very important to have knowledge of what we are going to invest in, so that we can prepare our steps properly, not just following the trend.

~~
I may convert some of my bitcoins into fiats after one bitcoin will be having more than one million value. Because, I need some other income stream so that I would never need to sell my bitcoin for my day to day life. I am sure that I will regret for spending bitcoins for my grocery needs as what I am spending today for groceries may worth millions after few years.

I thought so too. IMHO, bitcoin is more effectively used as an investment tool and trading commodity, so I prefer to hold or trade it rather than using it as a transaction tool. Of course, other people's views on this matter differ, that's fine, as long as we can maximize the current BTC function and understand the risks.
What is clear, do not miss this good opportunity, sometimes we have to take risks to get a good chance.