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Author Topic: Also consider your mental State of health while investing for wealths.  (Read 1318 times)
Dewi Aries
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April 21, 2024, 10:35:23 PM
 #41

Oh yeah that is it. Put your mental health in considerations in that aside your investment you still have to be mentally stable and you should also understand that slight risk taken in your investment which your emotions can not bear can ruin your life where the disappointment of your investment results to a disorderliness of your mental state of health.

Right about it you would be on two list counts which would be your investment list count and your mental lost counts.
Mental health also needs to be well maintained by every investor who has invested more with quite large capital, because this condition is usually not easy for investors who have recently started investing. So there are times when they will feel chaos within themselves when they are unable to control their emotions and thoughts to let go of their investment in a loss condition, even though when they see a loss, every mental and emotion must really be tested well so that they don't let go of their investment and become a loss.

If you are not fine mentally and can't handle any further stress maybe its more better for us to step aside the thoughts about investment. There's always a lot of time for that since what is more important for now is our healthy so best to resolve any ongoing issues since once we are fine and clinically declared recovered from mental stress or troubles then maybe at that time we could able to start our investment journey since for sure that we can focus on many things that we want to happen. Compare when there's a lot to think of and for sure that we cannot take care everything since all of it will just messed up since we are not fully in control in our emotions. What bad thing about this situation if we lose all our money because of those mistake we commit then maybe we might receive a lot more stress and that could possibly end up to more worse condition to us.

Yes it is, and maybe anyone can answer my question and choose the one that you think is better to choose between forcing to invest in a state of stress due to other things with the risk of experiencing adverse effects on your health or not investing at all (not getting a profit) and the benefits are most likely that you will not experience a bad situation on your health then which one would you choose? I think the first is not an option because it is useless for you to succeed in making a profit but if the process has an adverse effect on your health that maybe the money from the profit will be lost again by hospital fees.

Of course as you said that the best step is to first solve the problem that is being experienced or at least you find a little time to calm your brain and mind so as not to be too stressed and when you feel good enough then only then can you invest or challenge a market to open a position. What we must understand in this case is that investing or trading is always recommended to be done based on favorable situations and conditions such as when you are feeling fine because decision making must always be based on calmness to be able to make the right decision, and in fact forcing ourselves to trade when we are under stress will only lead us to bad results because decision making is not based on common sense and rational mindset due to you being in a state of stress.

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April 21, 2024, 11:07:55 PM
 #42

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.
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April 22, 2024, 03:40:56 AM
 #43

~~~

Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

Considering one's state of health when making high risk investment is a right approach to mental health because most investors don't really think about the state of their mental health due to the fact that they are involved in too many investments at a time so trying to always keep up-to-date which each of their investments can lead to mental disorders because the brain will be so stressed due to calculations on how your investments plan will work accordingly.

It is not bad to be involved in too many investments or high risk investment because almost every investment is full of risks as the possibility of making profits is almost equivalent to the possibility of losing as well so while making investments more especially the once that has higher risks, it will be good to run a background checks and balance to see if you can be able to withstand in a case of loss.

And it is also important to always seek for health advice from a physician or visit a therapist to guide you on how to handle issues that concerns emotions and how to always stabilize your state of mind.

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April 22, 2024, 04:16:19 AM
 #44

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.


Many people are ignoring and ignoring this golden rule and this is happening most especially in the cryptocurrency market. Many people naively think that bitcoin is a low-risk, but high-reward investment and they invest everything they have in bitcoin. They even think that saving is a waste, they like to invest it all in bitcoin and think that it will make them rich in the upcoming bull season.

There is no denying the potential of bitcoin, but it seems many people are becoming too delusional when relying on stories of getting rich by buying bitcoin 10 years ago. And they are blinded by greed without knowing that the risks they face are not small.

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April 22, 2024, 11:05:55 AM
 #45

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.
That is just it  a lot of individuals are so attracted to how lucrative businesses could be and they are not hesitated to bump in because they are desperate to make profits.

Meanwhile... They fails to make research to even know how legitimate the investment could be as all they want to invest and make the profits. Alongside they could risk going extra miles not just to invest what is affordable Incase of lost but they out of greeds top more of capitals to an already invested funds while they have not secured their first move of capital.

While on the eagerness on chasing these profits, the fails to consider the possibilities of the investment breakdown which can be effective to their health. Quite unfortunate that many has ignored their health and prefer making money while on same cost they losses their funds and also looses their normal state of healths.











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April 23, 2024, 07:20:00 PM
 #46


To be honest, investing made my mental health stronger and even I was able to improve my emotion because I have no control over my investments but I can control the losses that I may incur. But with that, I'm good that I am no longer pressured and feeling emotional when the market is in correction. It's all normal and it's all gonna be okay when you're able to get used to how the market moves and works, a big correction soon might just be a typical day of your portfolio.

Everyone has emotions and one cannot control it but can reduce it to a great extent therefore if you are not familiar with the market and you are doing your first investment then you will be mentally disturbed by watching market fluctuations but once you know that it is a normal part of a market then you will be able to act normal during such circumstances.

There are also lots of individuals who never have control of their emotions so such types of investors cannot benefit and cannot minimize their losses. I think every person should be able to stay calm when the market is not in favor because win and loss are both connected with each other.



 

 

 

 

 

 


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April 23, 2024, 07:47:51 PM
 #47


To be honest, investing made my mental health stronger and even I was able to improve my emotion because I have no control over my investments but I can control the losses that I may incur. But with that, I'm good that I am no longer pressured and feeling emotional when the market is in correction. It's all normal and it's all gonna be okay when you're able to get used to how the market moves and works, a big correction soon might just be a typical day of your portfolio.

Everyone has emotions and one cannot control it but can reduce it to a great extent therefore if you are not familiar with the market and you are doing your first investment then you will be mentally disturbed by watching market fluctuations but once you know that it is a normal part of a market then you will be able to act normal during such circumstances.

There are also lots of individuals who never have control of their emotions so such types of investors cannot benefit and cannot minimize their losses. I think every person should be able to stay calm when the market is not in favor because win and loss are both connected with each other.
Its understandable specially if its our first time on where there would really be those kind of freaking out kind of situations on the time that you have seen your investment is really taking up some negatives
just because you have lacked that kind of experience and awareness on how this market works then those things would really be just that a normal reaction but just as been said that on the time that
you would already be having that kind of experience on such condition then you would really be able to make yourself handle whenever you do be able to experience it again.
It would really be just that normal that there would really be those kind of reactions but just been said on the time that you do have a good grasps on everything then you would really
be more that relaxed in compared on the time that you were just that starting.

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April 23, 2024, 08:01:33 PM
 #48

Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

You know a lot of people that are wealthy and people that are looking for a way to be healthy, they porsue money and neglect the abnormal condition within their body system. You see, the human body you are seeing has a way that it does a self repair but their are some conditions you don't have a choice than to support the self repair with some medications and in some rare condition, you have to replace it and the only way to know about this is proper going for check ups but a number of us ar guilty of this, we don't go for regular check ups.

If you check this forum, we have a lot of people here that are guilty of this as fuck, ask them the last time they went for check up and they will tell you they have no idea but meanwhile they can spend atleast 2 hours here a day when the time with your personal doctor wouldn't exceed an hour unless when you have a vital condition that requires special attention. Health is wealth, we need to take that seriously.

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April 26, 2024, 05:13:58 PM
 #49

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.
  There's a saying which says,  HEALTH IS WEALTH" if you agree with me then, you should have it at the back of your mind that when you have health that is when you can be able to go about your daily activities. when you are not in a good health condition, you can't be able to show much concern on even the money that you gathered. Do you agree with me if i say no amount of money can buy health? And if you don't agree with me then tell me how much you can buy it. maybe in USA, China or England.
You can only say that you pay hospital bill but that doesn't mean you can automatically be healthy after paying it
Financial pressure and stress can sometimes be the catalysts of significant mental health concerns. Our mental health, however, is just as worthy of an investment as our finances are. We should always take into consideration our risk tolerance and capacity for losses before engaging in any investment endeavors. Failure to attend to one’s state of mind may lead to severe repercussions that can even be life-threatening.

You need to be aware that stress and failure associated with investment may lead to the development of heightened anxiety levels, high levels of stress, or even depression. But we must be able to know our own boundaries and take steps that will allow us not only to care for our mental health but also to consider contacting a specialist if necessary.

It is a great lesson from the story you narrated about someone facing mental health problems when they lose their investments, which demonstrates that possessions are not of primary importance but our sound mind is. We must at all costs value our well-being above anything else.
They say if you don't take risk, those who take it will hire you to work for them. But still that doesn't mean if you are taking it you should put all what you have. no.  If you are trying to invest, is good to be careful and also know the kind of business you invest in. Also make sure you think of the other path. That's,while you are thinking of the gains and profits also consider the loosing path as well.
   Some time,most people fall sick due to the financial failures they had. Some even die with this illness.  Some even go bankrupt and never rise again.

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April 27, 2024, 04:22:43 PM
 #50

Many people are ignoring and ignoring this golden rule and this is happening most especially in the cryptocurrency market. Many people naively think that bitcoin is a low-risk, but high-reward investment and they invest everything they have in bitcoin. They even think that saving is a waste, they like to invest it all in bitcoin and think that it will make them rich in the upcoming bull season.

There is no denying the potential of bitcoin, but it seems many people are becoming too delusional when relying on stories of getting rich by buying bitcoin 10 years ago. And they are blinded by greed without knowing that the risks they face are not small.
That's a great point, and it can actually be seen in this forum quite a lot. When you see newbies's questions on what coin or where to invest, you'll see the generic advice to buy Bitcoin, DCA, and so on, and honestly, I agree. Bitcoin has proven it's a relatively safe investment; however, as expected, it also has its ups and downs. It was a little more than a year ago that Bitcoin had plummeted below $20,000; someone who has gone all-in on Bitcoin because they thought it was a panacea is going to have serious issues keeping their cool.

Unfortunately, we often overlook how important mental health is and the strain financial troubles cause, and investing is no different. I personally suffered it when attempting trading during the second COVID-19 quarantine; it's a subject that is not often discussed on the forum as well.

 
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April 27, 2024, 04:35:38 PM
 #51

Many people are ignoring and ignoring this golden rule and this is happening most especially in the cryptocurrency market. Many people naively think that bitcoin is a low-risk, but high-reward investment and they invest everything they have in bitcoin. They even think that saving is a waste, they like to invest it all in bitcoin and think that it will make them rich in the upcoming bull season.

There is no denying the potential of bitcoin, but it seems many people are becoming too delusional when relying on stories of getting rich by buying bitcoin 10 years ago. And they are blinded by greed without knowing that the risks they face are not small.
That's a great point, and it can actually be seen in this forum quite a lot. When you see newbies's questions on what coin or where to invest, you'll see the generic advice to buy Bitcoin, DCA, and so on, and honestly, I agree. Bitcoin has proven it's a relatively safe investment; however, as expected, it also has its ups and downs. It was a little more than a year ago that Bitcoin had plummeted below $20,000; someone who has gone all-in on Bitcoin because they thought it was a panacea is going to have serious issues keeping their cool.

Unfortunately, we often overlook how important mental health is and the strain financial troubles cause, and investing is no different. I personally suffered it when attempting trading during the second COVID-19 quarantine; it's a subject that is not often discussed on the forum as well.
You would really be able to expect when it comes to this manner on which you would really be able to see those kinds of generic suggestions but you cant blame them if they would really be giving Bitcoin advises.
You cant blame them because when it comes to long term then this is something that will really give out that kind of worthy long wait but of course it will really be that depending on the entry point.
On the time that you are really just that starting with this market and see out your money that decreasing then you would really definitely be having that kind of impression that it might be going to zero.
This is where you would really be cutting your losses on which it would really be that a waste on having that kind of approach.

Its always important on having that consideration that emotion is something that you will be needing to control but since you are noob then lacking of experience
will really be something giving out a toll for you. Mental state would really be strengthen on the time that you would be getting that kind of experience which its a normal condition.
You would really be able to get yourself having that kind of grasps if you are really that preparation.

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April 27, 2024, 04:50:01 PM
 #52

Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.
This thread is an important thread to us all not just for the beginners alone. Putting out mental state into consideration is very important when we are about to invest in crypto because of how volatile bitcoin and crypto investments are especially if you are investing heavily on altcoins because altcoins cannot be trusted and there might be a big dump that can affect mental state of mind which is why you need to mentally stable before you invest and you should also avoid FOMO.











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Ultegra134
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April 27, 2024, 05:20:57 PM
 #53

You would really be able to expect when it comes to this manner on which you would really be able to see those kinds of generic suggestions but you cant blame them if they would really be giving Bitcoin advises.
You cant blame them because when it comes to long term then this is something that will really give out that kind of worthy long wait but of course it will really be that depending on the entry point.
On the time that you are really just that starting with this market and see out your money that decreasing then you would really definitely be having that kind of impression that it might be going to zero.
This is where you would really be cutting your losses on which it would really be that a waste on having that kind of approach.

Its always important on having that consideration that emotion is something that you will be needing to control but since you are noob then lacking of experience
will really be something giving out a toll for you. Mental state would really be strengthen on the time that you would be getting that kind of experience which its a normal condition.
You would really be able to get yourself having that kind of grasps if you are really that preparation.

Well, acquiring Bitcoin and DCA aren't bad suggestions, but they are indeed generic ones. I mean, the majority of users here who're giving out advice don't take into account how much someone can take mentally, nor can you blame someone for panicking during a market crash, you aren't to blame for someone else's inability to keep their cool during bear markets. I believe we've all experienced such crashes, and while now we may have a completely different approach, as newbies, it was perfectly reasonable to feel frustrated.

Having a cut-loss strategy like you mentioned is essential, especially when dealing with altcoins or actively trading, and this is what most of us fail to do because it's unfortunate to deal with a loss if we fail to put a stop to it when it's at least early.

 
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April 27, 2024, 08:25:33 PM
 #54

You have a good point, most people tend to forget that investment also has its risks and that is also something to take Into considering when investing, you won't cry to anybody that bitcoin crashes or something unforseen happens to bitcoin or any other investment so it is a good thing to invest what you can tolerate to lose. The biggest mistake most people make is to get to optimistic about anything, yeah bitcoin is probably the best investment asset that we have in the world now bit that doesn't mean its immune to life and unforseen events, and this questions the viability of having all your value in one asset especially as an established investor cause nothing is guaranteed.

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April 27, 2024, 09:40:33 PM
 #55

Hal ii will be useful for ourselves in assessing a risk profile so as not to focus on one asset, you need diversified investment and need to have a good money management so that a good source of income so that your investment is in good condition, things that interfere mentally are usually because we cannot accept the fact that what we have is lost, For example, investing in real estate, we use our money to invest in that sector everything is affected by disasters and everything is lost and of course it will make me stressed, this is a simple thing to destroy your mentality, whatever assets we invest in including bitcoin if we have good management will have a bad impact, many people are made crazy by this.

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April 27, 2024, 09:45:57 PM
 #56

I can compare this with gamblers doing gambling when they're not on the right state of mind as they're likely to lose. And the same goes with altcoins investors that they're choosing everything that they see and relies on the hype that these projects does have despite not having a good state of mind. Investing is actually requiring a lot from our mental state and if you're not prepared to take risks, you've already lost your battle towards gaining or getting ROI. There are investors that are too hyper with their investing activities, they don't mind the 'DYOR' suggestion by many because they've just overheard it from someone who have made a lot of money and so, they also want to invest.

 
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April 27, 2024, 10:47:45 PM
 #57

What did we expect? Mental health has been always overlooked by most often pushing it to the side and saying that it is not real and all we need is a little more determination and motivation but it is not that easy. We need to build perseverance above all especially when we are dealing in high pressure environments.
I think we have come a long way in modern times. There is more of an awareness & acceptance of mental health issues now. There is a slogan, ‘its ok not to be ok’ which I think is a good statement regarding mental health issues. Regarding the statement in the OP though, obviously you shouldn’t make investments & take risks when you are not in a good place mentally, it could have disastrous effects.
You will have difficulty investing when you have health problems, especially mental health problems, in investing there are many decisions that must be taken and considered carefully, wrong decision-making will only have fatal consequences for investing, usually, those who have health problems have a disturbed mind collided so a lot of mistakes happened.

Therefore, take good care of your health, improve your sleep patterns, eating patterns and relaxation patterns, don't overdo your work and don't relax too much, always live in balance, so that your health will be healthy and you can invest in peace and comfort.

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April 27, 2024, 11:24:19 PM
 #58

Hal ii will be useful for ourselves in assessing a risk profile so as not to focus on one asset, you need diversified investment and need to have a good money management so that a good source of income so that your investment is in good condition, things that interfere mentally are usually because we cannot accept the fact that what we have is lost, For example, investing in real estate, we use our money to invest in that sector everything is affected by disasters and everything is lost and of course it will make me stressed, this is a simple thing to destroy your mentality, whatever assets we invest in including bitcoin if we have good management will have a bad impact, many people are made crazy by this.
Considering having investments in several assets, of course this will be able to give us satisfactory profits for us in investing, because if we only have one type of investment then if we cannot make a profit of course we will experience losses and will not be able to make a profit. profit from the investment that we make, in investing of course there will be a risk of loss that we will face and also profit and we must be ready to face if there is a problem with the investment that we carry out and we must be prepared for all the situations that we will face in carrying out the investment , good management of funds in investments will enable us to obtain good profits, because without financial management it will certainly be difficult for us to obtain the profits we get from the investments we make.
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April 28, 2024, 06:29:29 AM
 #59

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.

That's right, because investing all your money in an investment is clearly too risky, because after all, investment is a place that is not only about the opportunity to make a profit, but the opportunity for profit will always run simultaneously with the possibility of loss which means you can experience losing money in any amount. . And on the other hand, I am sure that someone who puts all their money into investments is someone who doesn't really understand the world of investment, it seems like they don't know that the market has a fluctuating nature that can make them experience losses, and this is the reason why we are always advised to just put an amount that we can account for, it doesn't matter if the amount is small because our goal is to achieve profits in the future, namely 10 - 15 years, so it's better for us to only put a small amount that we can account for, along with maintaining consistent allocation of investments in the long term , it doesn't matter even if it's small because if your accumulation runs in the long term then the profits will definitely be good and this is the best approach or idea to keep your psychology calm and also give you a path to a brighter future.

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bluebit25
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April 28, 2024, 07:39:00 AM
 #60

(...)Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are  are affordable to loose.

Perhaps we all have to go through different things to see what we are looking for, from money, health, time, family,... they all have connections to each other. together. And for me, there is a sense of balance for everything, because I have also faced situations where I only focused on working to make money, and realized that I was no different from tools and money like a king control us. I knew I needed to return to life with many other good things, there was no pressure to favor one thing at all, the key thing was balance in life.

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