2022 Savings and investment plan

[Tellek Garing]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

[1715430224]

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[Charles-Tim]

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

[Gozie51]

I will take less risk this year but make my finances more stable with some skills development.

Taking less risk this year also means that you are likely not to beat your financial record of last year. I like the part of diversification because no man gets financially stable with only one source of income. Therefore buying varied but high use coins will profit your investment diversification more. You can buy coins like etheruem and bitcoin.

[cheezcarls]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

I have learned a lot about my experiences last year, especially in making decisions for every cryptocurrency that I have invested. To be honest, I've lost a lot of money last year because of getting too much into FOMO, bad trading decisions, not doing my own research, being greedy, and not ready emotionally in taking risks.

I've lost more than what I have gained from my work, side gigs, etc. But more importantly is that I did manage to control my savings as I diversify the income that I have until now. I've upgraded my computer unit, investing on my ongoing keto diet, giving gifts to my family and extended family, and also donating and giving back to the needy (especially typhoon Odette).

Just two days ago, I've made my decision not to be greedy on a single token that I've bought. From $0.036, I managed to sold it around $0.43 despite that I've missed taking profits at $0.50. Profit is profit, so I'm happy with it. A small step in making good decisions but I'm always aware of the risks. Diversification of our investments is necessary, and do not go all-in.

[The Sceptical Chymist]

OP, did you want a discussion about something specific here or did you just want to tell the community some vague stuff about what you're doing with your money?  If it's the latter, I'm pretty sure no one cares.  If it's the former, why don't you ask a question or tell us what you want to talk about?  Is this about bitcoin at all?

Assuming the topic is "savings and investment plan" for this year and that bitcoin is involved, I'd say that we're probably going to see a new ATH at some point if people remain bullish and bitcoin stays in the news (in a positive way).  And with that said, I'd also say now is probably not a bad time to buy and hold, for 2022 and longer if you've got enough capital that can be tied up for long periods of time.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

Most altcoins are shitcoins.  Speaking of that, I recently logged on to my Yobit account that I hadn't touched in well over 1.5 years.  I noticed that I had tons of dust amounts of oddball shitcoins in it, and I'm not even sure what 90% of these coins are or how they ended up in my account.  Here's a couple of screenshots:




So yeah, a lot of these coins that get hyped up big time (especially on social media) end up in the 1-satoshi graveyard of Yobit.  The majority of them in fact, even if they don't actually hit 0.00000001BTC with zero trading volume.  I just watched a YT vid from 2018 yesterday where some guy was extolling the virtues of mining Zelcash, which was over $100 when he made the video.  It sounded familiar to me, so I checked CMC and found it's going for $0.12.  Yep.

[boyptc]

I will take less risk this year but make my finances more stable with some skills development.

Also part of my plan.

I've taken a lot of risk for the past years and I think that I shall still take more risks for this year but with a better plan. And that's with what you're saying about being stable and with a development.

That development in my plan to have a source that will be generate more stable income. I have no problem if the market is too risky but as we grow old, we're planning a lot of things that we think is necessary to have and to keep up for our family.

[laredo7mm]

Interesting to know about your plan for the new year. I also have thought about doing something like that so that I can be ahead of most of us. My first priority will be what I have done wrong in 2021 and why that happens. I want to do that first because I do not want to do that same mistake again. Then I will calculate how much loss I have taken and how I can recover from that. The next work which is important and that is finding the trend for 2022 and picking up some project for that where I will make my initial investment for the year ahead.

Please let me know if i need to add something with all these too.

[Strongkored]

I will take less risk this year but make my finances more stable with some skills development.

If you want to get this then the only answer is to invest in BTC if you diversify you will definitely run to altcoins which may actually make your investment risk higher, except you considering another form investment like stock etc. Everyone who invests in BTC and is patient with the target must be enjoying the results now.
But honestly I think to start something new you don't have to wait for the year change if you feel what you are doing is in the wrong direction it would be better to fix it right away than waiting for the next year.

[kaya11]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

I could advise you to learn the skills of trading, it is better than holding in my opinion. If you have manage to master it then you could earn a fortune if a lifetime with the right amount of capital to use. I think you are good enough to read the basics of trading and may with some help of a legit guide to help you out start from scratch. I once traded on my early days but retired from it due to lack of finances. This year and before just hit me hard and I am literally crawling just to survive, so many debts to be paid and so on. Good luck out there brother.

[marilynmanson21]

2021 has given the best lesson for me in choosing projects to invest in, and this year I will be more careful, just like you, in managing my finances to get better returns and minimize risk.

[bitzizzix]

I don't have a patent plan to save this year and haven't planned yet, because I still have some bitcoin last year and at yesterday's ATH I only sold part of the profit and the rest is still kept because I believe new ATH is coming and higher.
maybe at the beginning of this year i just buy bitcoin bit by bit whenever there is a dip and to grow my holdings, for now maybe i just want to prioritize bitcoin and haven't thought of any plans for other coins.

[Vaskiy]

My plan for the year already got collapsed, because I limited myself from gambling and decided to spend just a dollar to the max per day. I wasn't able to keep myself in control and have lost $20. Now my wallet is empty, and now I focus much on trading. I've planned to make very minimal earning through trading practice investing on top order altcoins.

[nullama]

Plan for this year is to stack some more sats!

I setup a monthly automatic buy, so that's going to be the minimum.

I'll buy extra BTC from time to time as well.

[el kaka22]

Mine is definitely to increase the amount of passive income I am making right now. I know that it is not going to be easy and I know that nobody is giving out free money, but I had a little bit income (very tiny) made with passive income in 2021, and instead of focusing on just building a portfolio of things that just go up and down in value, I would like to have some passive income this year. It won't be a lot for now, but by the end of the year if I can reach to a good level then I would be happy.

Also, these NFT things look like they are not going to leave anytime soon, they are dropping in value for sure if you ask me but they are not fully gone, I am hoping to get a few of my own, not just art, but some utility NFT as well. Crypto world is also open to new stuff as well, maybe I will get something new that we haven't seen just yet, surely there will be new projects in 2022 which we can get into.

[crwth]

I like your idea of some skill development because that’s how humans know what they can do for the world. I think the most important thing that you should know is where you are right now with your current capital. You would know where you would stand if you know what your current situation is so you can somehow create a plan for it.

[wheelz1200]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

The best path to building a solid portfolio is to cost average into different positions at regular intervals.  By cost averaging  at regular intervals you limited your downside and upside risk.  If a coin goes down your new buys will bring down your cost average, and if the coin Rockets up you get to catch some of that upside of that rise.

[Lanatsa]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

We do all do have that kind of motives or plans or goals in mind for this new year and if we did commit out mistakes on last years then we are experienced enough on to avoid those things again which does

signifies that we are much better than before since we had really gained that experience in terms of investment even though it isn't on expert level but at least you do know on what you are doing.
Invest on what you can afford to lose and properly handling out risk management to make yourself sustainable and able to survive this market.

Don't rush up yourself and make out those realistic goals compared to those people who do set out unrealistic ones.

[Silberman]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

Many people have the tradition to set themselves goals that they want to achieve during the new year, and while most of those goals are never fulfilled one of the most beneficial things we could do each year is to look at the state of our finances and then set realistic goals about what we can achieve during the year, unfortunately most people never do this and as such they never take any kind of big decision about where they want their finances to go, which means that they will never realize whatever dreams they had about improving their economic conditions.

[Leviathan.007]

Anyone can have his own investment plan, if you ask me I would say I have a short to the mid-term investment plan for this year, firstly I should check my note and my investments and I did during the last year and take lessons from my mistakes I've done during that time, then from the lessons, we got from the past we can have a plan for 2022 for example during 2021 I sold a big share of my investment to buy an apartment and gave it to rent to make passive income but now I can see I was mistaken because I could get more profit by holding bitcoin so my first lesson can be to trust bitcoin even if the market is bearish and everyone is panic selling and I'm going to use this lesson for my new investment plan for 2022.

[GeorgeJohn]

Their is something we are suppose to have the pre-knowledge of it, from my research, observation and understanding, no years is bad or introduce negativity to our life circle, it's our strategies, plans that makes us to adventure into negative part of life, when strategize well this year it will propagate to us due to our early foundation, so in all ramifications it's not year that brings prosperity, it's your initiative and intuitive that really makes our objectives to come to accomplish.