Share your Money management strategy

[Furious 7]

Just agree with what you said. Borrowing to make capital, do we really have to think like that for everyday life?
maybe it's true that borrowing is one strategy but we have to look at our abilities now, Borrowing is not something good enough because as you say this will only kill slowly.

why not use what we have because the expectation of borrowing will only make you worse than before

Not all the time because there are times which we are really that short in money on hand which its not bad to have that considerable but you should really be that responsible on repaying those debts
so that you wont really be putting yourself into trouble on the day that you would need to pay those interest and the amount had been borrowed.IF you do see chances or opportunities
then go ahead but you should be aware on the  risk involved since we know that crypto profits isnt guaranteed and would really vary or depend on when the market would make
out some significant movements which would go in line with your prediction and made out profits.

What you say is true, but on the other hand we must also remember that things like this are about courage and self-awareness. at least before doing this we must also recognize ourselves so that later we will not be trapped in empty ambitions because as you said this still has risks and of course the risks are very large. when things like that, there are two choices. when indeed we dare to take risks and are ready for all possibilities then do it but when we are in a stage where it is not possible for something like that why do we have to force it.

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[_BlackStar]

What you say is true, but on the other hand we must also remember that things like this are about courage and self-awareness. at least before doing this we must also recognize ourselves so that later we will not be trapped in empty ambitions because as you said this still has risks and of course the risks are very large. when things like that, there are two choices. when indeed we dare to take risks and are ready for all possibilities then do it but when we are in a stage where it is not possible for something like that why do we have to force it.

When someone is new to investing ^{[crypto or whatever]} then I'm sure they will find it difficult to have good capital management from the start unless they have the right friends or gurus to consult when needed. Management is needed in investing, but in my opinion it is not only about capital but emotional management and psychology of trading or investing and risk management must also be studied and applied properly.

Analysis is one of the things that needs to be done to maximize profit potential through the investment strategy carried out. Obviously this may always have to do with capital management because actually when we talk about investing then all these things will be included in it.

[Kakmakr]

Mine is easy.... I divide my risk into "Low / Medium / High" risk investments and then I decide what percentage to allocate to each. Let me give you an example :

Low Risk : 40% into properties with a focus on rental income / Gold & Silver coins
Medium Risk : 30% into Stocks / shares / bonds
High Risk : 30% into Crypto currencies with the majority into Bitcoin

So I distribute the risk ...and I have a balanced portfolio with good potential for profit. I think this kind of portfolio will not have a huge impact on your total wealth, if any of the investments fail. 

[batang_bitcoin]

Aside from investing and holding bitcoin, the best asset that one can have is real estate. This is proven and most the billionaires and wealthy people are into it. You get an appreciating asset and you can rent it out which is a great and effortless business. Although it's requiring a huge capital, that's how it goes and if you want to have a passive income, that's the best choice that I can always recommend to the others aside from investing into crypto or doing some staking with alts that are too volatile. And if it's about money management, it's not about how much you earn but how much you save and invest.

Totally agree, diversifying into other sector other than the crypto space is more secure and support a long term goal. And what better sector than the real estate, the chances of losing money here is very minimal compared to crypto.

Depending on your country of residence, having a real estate asset gives you the opportunity to earn passive income as well as appreciate in value, it is like a win win thing if you lease or rent your property out for money. You are guaranteed a weekly, monthly, or yearly income without any fluctuations.

Crypto investment gives a higher returns in short period depending on the market condition at the time but real estate investment gives a steady growth type of income. So a proper diversification will be a combination of both.

Whether there will be someone that will rent it or none, the value of the property you've both is going to appreciate over time. There's no pressure and stress that you shall be worried about because you're just going to see it grow over time.
That's the real diversification and as an investor, you'll have a portfolio composed of different assets that are at their best and you're going to thank yourself for being who you are in terms of your ability.

[ShowOff]

Mine is easy.... I divide my risk into "Low / Medium / High" risk investments and then I decide what percentage to allocate to each. Let me give you an example :

Low Risk : 40% into properties with a focus on rental income / Gold & Silver coins
Medium Risk : 30% into Stocks / shares / bonds
High Risk : 30% into Crypto currencies with the majority into Bitcoin

So I distribute the risk ...and I have a balanced portfolio with good potential for profit. I think this kind of portfolio will not have a huge impact on your total wealth, if any of the investments fail. 

I think it's good for you, but about me maybe I'll omit 1 risk point where I don't consider moderate risk. I am interested in gold investment where so far 60% of my assets are there, and I am also considering another 40% in crypto. Really, bitcoin is the best option ever, but I'm also considering some potential altcoins to provide decent returns in the long term.

[gantez]

Small risk project should be a better management strategy for a beginner. We need such idealogy of starting small than rushing for big establishment because we can provide the capital. Starting small will help that the experience you have to gather more capital. If buying bitcoin bear market, we need to start such investment small and not the feeling of buying big because of the reason of profit. Looking for profit purpose alone and not we looking at the risk .

[dunfida]

Small risk project should be a better management strategy for a beginner. We need such idealogy of starting small than rushing for big establishment because we can provide the capital. Starting small will help that the experience you have to gather more capital. If buying bitcoin bear market, we need to start such investment small and not the feeling of buying big because of the reason of profit. Looking for profit purpose alone and not we looking at the risk .

What are small risk projects you do mean?I dont see for it to be applicable considering that you are choosing particular projects in the market specially not those established which i could see
to have high risk even on tying up yourself on established ones wont really be giving out assurance  that you could make out profits.
Invest on the amount which you could afford to lose and diversify as much as you could to lessen or divide up the risk and do all sorts of things which
you do seem that give out chances for you to make money.

[lionheart78]

Many will argue about which one should be the priority:

1. Understanding the chart for best Entry and Exit  
2. Money management.

Money management is a must priority.  Even if we are brilliant enough to accurately pin the entry and exit point of trade, without money management, we will end up with nothing.  We will be lost in expenses and other stuff.  Without Money management, we cannot maximize the output of our investment ventures.

[Sir Legend]

The best thing we do for money management is to continue to add income posts, if we have a lot of time then don't use it to relax and it's better to do productive things so we can increase income, many unexpected things so with lots of income posts then we are not too disturbed in the event of inflation or other economic disturbances.

[Furious 7]

What you say is true, but on the other hand we must also remember that things like this are about courage and self-awareness. at least before doing this we must also recognize ourselves so that later we will not be trapped in empty ambitions because as you said this still has risks and of course the risks are very large. when things like that, there are two choices. when indeed we dare to take risks and are ready for all possibilities then do it but when we are in a stage where it is not possible for something like that why do we have to force it.

When someone is new to investing ^{[crypto or whatever]} then I'm sure they will find it difficult to have good capital management from the start unless they have the right friends or gurus to consult when needed. Management is needed in investing, but in my opinion it is not only about capital but emotional management and psychology of trading or investing and risk management must also be studied and applied properly.

Analysis is one of the things that needs to be done to maximize profit potential through the investment strategy carried out. Obviously this may always have to do with capital management because actually when we talk about investing then all these things will be included in it.

This is what I mean by self-awareness, of course we know that when we recognize ourselves both psychologically and emotionally, what you say is definitely aware of our strengths.
and when we talk about actual consultation for now, it's not just teachers or whatever because we know that learning and arguing about things like this now has a lot of media that supports it and one of them maybe here so the most important thing is skill and want to learn.

Everything comes back to ourselves and the will we have because it all depends on how disciplined we were from the start because if we were consistent everything would be possible with things like this but the problem is that there are a lot of people who are not consistent whether it's in terms of capital, strategy or psychological self-knowledge. as well as emotional

[bangjoe]

The best thing we do for money management is to continue to add income posts, if we have a lot of time then don't use it to relax and it's better to do productive things so we can increase income, many unexpected things so with lots of income posts then we are not too disturbed in the event of inflation or other economic disturbances.

This can be an option, it's a bit difficult to increase our income And it takes time if you start from the bottom. And I want to add don't let the money spent exceed the money that comes in. But we only need to meet the needs that are basic needs, for other needs I will be more restrained until I really need it. It's a bit difficult to do it especially when we have enough money to do it.

[endut15]

I've been working closely in taking good observation on my investments and trading strategies i use, i keep to ensuring my cost limit is maintained within the profit line, i just don't invest but i took from the profit earned to reinvest on another turn, I don't also don't lend money to make an investment but rather make sure its from my past savings, I don't exceed my budget plan on investment and i make buys when the price is bearish and make sale of my coins when the price runs bullish

Setting profit targets is also one of my priorities. Some of the trades I let go of often times the market goes higher but I don't care if I hold on the profits will add up again. Because target profit is priority, so it's not a big problem for me. I always remember the lesson that my friends have taught me time and time again, namely don't be greedy, if the profit line is reached, take it immediately. And also the most effective financial management for me is paying off daily and monthly bills to avoid the risk of increasing market delays. Automatically I will not sell if I still lose.

[Quidat]

I've been working closely in taking good observation on my investments and trading strategies i use, i keep to ensuring my cost limit is maintained within the profit line, i just don't invest but i took from the profit earned to reinvest on another turn, I don't also don't lend money to make an investment but rather make sure its from my past savings, I don't exceed my budget plan on investment and i make buys when the price is bearish and make sale of my coins when the price runs bullish

Setting profit targets is also one of my priorities. Some of the trades I let go of often times the market goes higher but I don't care if I hold on the profits will add up again. Because target profit is priority, so it's not a big problem for me. I always remember the lesson that my friends have taught me time and time again, namely don't be greedy, if the profit line is reached, take it immediately. And also the most effective financial management for me is paying off daily and monthly bills to avoid the risk of increasing market delays. Automatically I will not sell if I still lose.

Setting goals or targets is a must so that you do at least have the point on where you do make out action towards your trading position.As you do gain up experience
you would really see for yourself on how this market behaves or moves and thats the time you would really make your own money management which you do see that
it would really be effective or beneficial into your trading career or investment. Proper management of finances and making out some target or goals then
rinse and repeat and you would find the outcome.

[mich]

My strategy for managing my money is actually quite simple. Every month I put aside a certain amount of my income and use that for various investments. Right now I’m heavily invested long term in Bitcoin but I also am looking into diversifying my portfolio and putting some of my net worth into a condo. I have tried the stock market a lot in the past but I suspect with the world economy in shambles after the corona pandemic and the war in Ukraine, buying property and buying crypto is best.                                                                     

[lombok]

For the current market conditions, playing in the spot is not very exciting, it tends to decrease. So my strategy from the beginning was to buy little by little and hold.

I will set aside money from my work to buy crypto and do holding. That's probably the best strategy in my opinion that I've used to date.

[Silberman]

You’re really not effectively diversifying when you’re just buying other cryptocurrencies. If you want real diversification, buy other assets or invest in a non-public business. Even public companies(stocks) are greatly correlated to BTC.

Agreed, this idea of trying to diversify your portfolio by buying coins other than bitcoin is a mistake and it defeats the purpose of diversification, which is to reduce your losses, as altcoins instead will increase the rate at which money is lost, and about the topic at hand any decent book about trading states that in each trade we can only afford to lose 1% to 2% of our capital otherwise sooner or later we will bust our account.

You do have a point but to consider that this is just like a double edge sword whether you could really benefit or have losses on it but we cant really deny that diversification would always be ideal but of

course it would really be depending on what coins you've been dealing with aside from bitcoin which it is really that needing lots of consideration on how you would really be making out such step

towards your investment decisions and this isnt something simple as we know or basing up on real experience.

If you want to increase your profits then using altcoins as you state is possible, and if you know what you are doing then you can obtain more profits, but that is not diversification, a diversification strategy has as a goal to reduce your losses by investing in several assets, that way if asset A is going down in value but asset B is going up then even if you lose some money then it would not be too much as the earnings of asset B will offset the losses of asset A, however such a thing is almost impossible to do if you are exclusively invested in bitcoin and altcoins, since the correlation of bitcoin and altcoins is very high.

[DVlog]

If you want to increase your profits then using altcoins as you state is possible, and if you know what you are doing then you can obtain more profits, but that is not diversification, a diversification strategy has as a goal to reduce your losses by investing in several assets, that way if asset A is going down in value but asset B is going up then even if you lose some money then it would not be too much as the earnings of asset B will offset the losses of asset A, however such a thing is almost impossible to do if you are exclusively invested in bitcoin and altcoins, since the correlation of bitcoin and altcoins is very high.

What you are mentioning here is something like rebalancing. If asset A is going down and Asset B is going up then sell profits from asset B and reinvest them in asset A so that your initial investment amounts stay the same. But in OP by diversification, I mean a term called risk distribution. There are more different category assets you will invest your money in the chances of taking losses will be reduced. You are not only distributing your funds on different assets but also distributing your risk also.

[kelonmusk]

I always apply a method to store assets in multiple baskets based on coins with low investment risk: Mine is BTC. apart from that I have several Altcoins like ETH, BNB, AVAX and MATIC.

in terms of capital I use cold money that can afford to lose. occasionally I make small trade from the profit on the initial investment.

[takuma sato]

By buying BTC you are already buying a "global crypto index" as it where. There are no cryptos that are going to outperform Bitcoin long term just like how individual stocks will not outperform the SP500 or MSCI long term. I would have this strategy as my main weight on a portfolio and buy a big amount of BTC and some world index ETF.
Then after I have this settled I would try to get early in an up and coming project with smaller amounts of the portfolio (wether it is startups or the next fancy altcoin)

[Fortify]

Many will argue about which one should be the priority:

1. Understanding the chart for best Entry and Exit  

The best strategy for investment is to find a low cost fund, at a low cost broker and invest for the long term. It's pretty pointless for the average person to try to beat the market with active trading these days, because while it is possible - most will fail so unless you're willing to put in many years of research on the topic you should leave it alone. First off, you should try to buy a property - maybe the biggest that you can sensibly afford. Next you should put 90% of your money into those low cost funds that were mentioned, ideally in a fund that has shares in as many companies worldwide as possible, as this will lower your risk and give you the best return. That last 10% you could have fun with and maybe try to buy some speculative assets.