2022 Savings and investment plan

[stomachgrowls]

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.

Goals could neither be achieved or not on a specific year because we arent talking things which are simple to attain but at least we had set out our minds that we should able to attain it on this new year.

Lets not stop on hoping and doing things specially on our plans on investment because we know that this is the only way that we could really enhance our lives in terms of financial aspects.
Of course you shouldnt really forget about having some emergency savings because we cant tell on what would happen ahead.

Just sustain yourself and making profits even though its not constant but at least you are hanging on there.

[harizen]

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.

If that will be your approach and considered, your next move, then you are free to do so and see the result for yourself. Like others here, we have different strategies and follow what you think is best. The fact that you were able to draft your supposed economic plans this year, means you already know the drill and somehow already have experience in that field.

The same as usual, focus and be serious about our goals. Try to achieve that target of yours slowly but surely. Any plans are bound to fail even how professionally it was drafted if it doesn't handle properly along the way.

[paxmao]

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.

It seems that you have just recently discovered investment and the concept of financial freedom? If so, better late than never. I am saying this because what you describe is not something you do every year or this particular year but rather something that is required for everyone at the beginning of their investment life (in my view that is pretty much when you reach the legal age to manage your assets) and upon any significant change of their income or perspectives.

[Gozie51]

it's your initiative and intuitive that really makes our objectives to come to accomplish.

That's true and there is the saying that "how you make your bed is the way you are going to sleep on it". This is about planning out the way you want your life to be in the future. Whether you will make your money work for you by investing early and diversifying so that at the future you can make profit from different areas and not to depend on just one source of income. You are right , we all have objective and we need to work for the success of it.

[Mpamaegbu]

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

Please, I will like to know how successful you're at doing that and on what exchange you're able to do it.

I just finished watching Teeka Tiwari's video. He chose Ethereum as his number one favoured coin for 2022. He mentioned that the supply will be cut down by 90% and urged investors to get in and buy for the expected price increase which would be occasioned by scarcity. Well, ETH hasn't been my favourite coin. I don't even own up to 0.1 unit of it. It's the same way I don't own any XRP too. Admittedly, Tiwari's explanation seemed plausible. I may be throwing in a few dollars into it. On my own, I think launchpad tokens, Metaverse and exchange tokens should be ideal tokens to buy this year. I expect a boom there.

[24Kt]

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

Please, I will like to know how successful you're at doing that and on what exchange you're able to do it.

I just finished watching Teeka Tiwari's video. He chose Ethereum as his number one favoured coin for 2022. He mentioned that the supply will be cut down by 90% and urged investors to get in and buy for the expected price increase which would be occasioned by scarcity. Well, ETH hasn't been my favourite coin. I don't even own up to 0.1 unit of it. It's the same way I don't own any XRP too. Admittedly, Tiwari's explanation seemed plausible. I may be throwing in a few dollars into it. On my own, I think launchpad tokens, Metaverse and exchange tokens should be ideal tokens to buy this year. I expect a boom there.

It may seem plausible because once ETH network addressed their gas fee problem, I think the price will improve more in the market. As we have noticed, even if people are complaining about their fees, it remains the top 2 in the market and the price sustain the range of 3500-4k. So once we see the improvement in their network, I believe, going above 4k is very easy. So why not buy now, if you have the funds that you can allot to this project and don't wait when it starts going up? It is not investment advice, it is still up to the crypto user where he wants to invest his funds.

[Darker45]

You're basically speaking of the generic things. You're not speaking of anything new or specific. In which case, it doesn't matter whether it's 2021, 2022, 2023, and so on. You know, the usual capital, ROI, time-frame, diversification, and whatnot. All of these should be considered every step of the way.

As for me, I'm not doing a lot, so I don't devote much time on these. Moreover, my Bitcoin hodling doesn't have a timeframe. Neither am I setting a specific price for selling. So things can wait.

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.

It's interesting to know you have a YoBit account. What made you log in after a long time?

Apologies for the off-topic.

[Poker Player]

You're basically speaking of the generic things. You're not speaking of anything new or specific. In which case, it doesn't matter whether it's 2021, 2022, 2023, and so on. You know, the usual capital, ROI, time-frame, diversification, and whatnot. All of these should be considered every step of the way.

That's what I was thinking. Maybe it's that he doesn't want to give details for privacy or something but it seems odd to me. In any case, I don't see the point of diversifying much within the crypto world.

I only have Bitcoin and I understand that you can have Bitcoin and some alt if you have studied the project and think it can have a future. Alts are considered shitcoins but some will survive in the long term.

You also have to think that being very diversified is a protection but it also tends to lead to less profitability.

[yhiaali3]

Studying and evaluating the past year is very necessary for investors. We have to review the last year completely to know the mistakes we made to avoid them in the new year, as well as what good strategies we succeeded in to continue and work on developing them. For me, my biggest mistakes in the past year were greed and impatience. I got more than a big loss because of my greed sometimes and because of impatience at other times so I will try to avoid these drawbacks as much as possible, also I will try to boost my investments in some good currencies that have done well in the last year.
My personal view of the new year: This year will be the year of Bitcoin and Ethereum and we will see a new peak, perhaps also the end of the many memes and shitcoins that made a lot of noise last year.

[LogitechMouse]

Savings and Investment plan for this year??
Hmmmmmmmm maybe just accumulate more Bitcoins like what I'm doing for quite some time already.

I agree with some who said that most of the altcoins are shitcoins because they really is. Some of them are just created to scam people. Some don't even have a community to start with. Some aren't transparent and some doesn't have any use case that will benefit the people and many more.

Well, there might be some altcoins that can give you profit for a year but it still depends on what move will the market does. The OP's strategy though is what most of us investors are doing so its kinda generic and common already. The good thing is you are learning skills to have some funds to be used for investing into crypto which is a good thing .

[michellee]

That is a good @OP. At least, you know what you want to do. This year will not come easily as the last year as the big bull run is already happening in the last year but we still have a chance to see another bull run come this year. As long as you can make a good plan and stick with your plan, you will get a good result. Finance management will be necessary so you know how much money you should use to invest in crypto and how you will diversify your investment. But as usual, do not just stick to altcoin but focusing on bitcoin will be better as bitcoin will be your main investment.

[Peanutswar]

It's better to make a background check which is the most ideal coin or asset good to invest in. For me, bitcoin is one of the most ideal it's already concrete and give a good profit and outcomes. But of course, be careful on the market volatility, not all the time it gives a good profit there's a supply and demand too. If you are planning to invest with altcoins it's a high risk-reward because not all the time they rise sometimes Rug pull happens.

[ultrloa]

It's better to make a background check which is the most ideal coin or asset good to invest in. For me, bitcoin is one of the most ideal it's already concrete and give a good profit and outcomes. But of course, be careful on the market volatility, not all the time it gives a good profit there's a supply and demand too. If you are planning to invest with altcoins it's a high risk-reward because not all the time they rise sometimes Rug pull happens.

For new coin investment I think much better to do counter checking and taking it seriously will save us from scams. But as of the moment since there are so many scams around, same as you I prefer bitcoin for now since this is much tested and we know it got higher chance to pump than any other coins in the market, so I guess this is more good than selecting new coins listed in the market.

[Hydrogen]

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 think its easier if you can find investment topics that align with your values and interests. That way you don't have to force yourself to follow things that are uninteresting, boring or repulsive.

It also helps to be curious about how things play out in the real world. Enough to want to learn and experiment with basic fundamentals. Relying solely on academic or textbook knowledge isn't a reliable approach imo as far as investments go.

It also helps to remember your investments don't have to be stocks, bonds, precious metals or even crypto. The only requirement is it being something that can make money. Which is a much wider category of things than most realize. There are people who buy clearance items from stores and resell them on ebay or other auction websites who turn that simple market mechanic into a multi million dollar business. While disposable income might be a limiting factor. Imagination doesn't necessarily have to do the same.

There are podcasts and youtube channels on side hustles which can also be a good place to find investment ideas and advice. Have you ever seen ATM machines or soda vending machines at gas stations or stores? There are people on side hustle podcasts who are willing to talk about their experiences running those types of side businesses. There is a lot of information out there which can be good.

[herurist]

Studying and evaluating the past year is very necessary for investors.

looks like a trivial thing but this is something that is quite important if they really want to manage this thing well.
at least it can be used as reference and comparison for investors because if you really want to get better, of course there must be an increase from year to year, and that cannot happen if we do not manage and pay attention to both income and expenditure from year to year.

[justdimin]

That is a good @OP. At least, you know what you want to do. This year will not come easily as the last year as the big bull run is already happening in the last year but we still have a chance to see another bull run come this year. As long as you can make a good plan and stick with your plan, you will get a good result. Finance management will be necessary so you know how much money you should use to invest in crypto and how you will diversify your investment. But as usual, do not just stick to altcoin but focusing on bitcoin will be better as bitcoin will be your main investment.

We do not need to have a big bull to make a lot of profit. The important part is to be stable, when the market is stable then you can calculate how much you could make. For example, if I invest into cake and stake it and make 100% return after one year, that means 1 cake I own will become 2 cakes. However, if the price drops 50% then I made zero income, but if the price moves 100% then I made 4x instead of 2x. When you do not have a stable market and end up with huge volatility like crypto, then you can't make predictions about how much you could earn in a single year.

This is why I believe that we should not be focusing on getting up all the time, sometimes we just need to focus on staying the same level. I am not saying that bitcoin should be 50k all year without ever moving, but at least make all the moves a bit more slower instead of hyped super increases in a week or super crashes in a day.

[Fatunad]

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.

Always mind off on having savings and make things as less risky as you can or tending to handle out risk on a good manner so that you wouldnt really be putting yourself in much trouble whenever
you do experience losses thats why everything should be planned well so that you wouldnt really be ending up on a disaster in the end of the year. Set goals according into your own capacity
and tend to enhance yourself even more as you do learn when you do go ahead which is an inevitable thing and should be used on your advantage.

[Rengga Jati]

Rearrange and re-manage my finances is the first thing that I planned for this new year. For, there are still some plans that have not been achieved in the last year and I should manage them for several reasons.
Some are still continuing but some may be excepted and canceled.
Sometimes, our decision to run our own financial including saving and investment may change from year to year because it will also depend on each condition of somebody. Somebody may be so tough that is still going to maintain what he exactly planned. But somebody else may change them based on certain conditions following.

- And I personally think that diversification still becomes the important thing to do in this year.
- Changing my mindset about investment in some altcoins again, much better and wiser in deciding what to invest and not
- Re-managing my mind and plans in the target that I must reach in investment, I know that my target may be too high in the last year, that is why I should personalize them again by seeing the prospect of the market this year
- and some other plans that I should arrange in order to at least help my dream come true exactly this year

[tippytoes]

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.

Always mind off on having savings and make things as less risky as you can or tending to handle out risk on a good manner so that you wouldnt really be putting yourself in much trouble whenever
you do experience losses thats why everything should be planned well so that you wouldnt really be ending up on a disaster in the end of the year. Set goals according into your own capacity
and tend to enhance yourself even more as you do learn when you do go ahead which is an inevitable thing and should be used on your advantage.

Plan according to your financial capability. As much as possible, don't resort to requesting for a loan to address unnecessary needs. Also, as much as possible, aside from digital assets, try to invest also in tangible assets if you can like jewelry or real-estate. Those assets will not disappear overnight. Because with digital assets, you have no assurance that you will get the value you are targeting for this investment. On the other hand, most tangible assets increase their value thru time.

[browsiek]

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.

If I may give advice regarding your plan, I think it is better for you to study other businesses besides investing in crypto or digital assets, such as investing in property, mining, trading or other companies, maybe even opening your own business. it's all to increase knowledge, experience also increase your income pole, of course not too risky and get a promising passive income every month and every year.
Finance is like a table and income is the pillar, if one of them is shaken, the table will shake and maybe it will immediately fall (poor). shocks we are able to deal with. Good luck