The necessary rules of investing.

[AYIMAN]

Like you rightly said,the rules of investing...
The first rule requires that you must have an idea and understand the kind of business you wants to invest in.
Second,you must carry out marked surveys...it is important you find out if the kind of business you want to do will sell in a particular area so that you don't end up wasting your money all in the name of investment.
Another thing you need to check out before investing is security... you must find out how secure the business you want to invest is.if it is a physical business,you want to know if the area is condusive and secured for such investment.

These and many more are things you need to look out before going into any investment.

[Mr intelligence]

Investing is wide and very complex, therefore requires deligence to understand it and make your investment decision wisely.
Below are some of the rules of investing.

While investing in any asset, ensure to set a clear goal. Ask yourself a question and know what you are investing for. Are you investing for your retirement? or you are investing to own a home? When you know your goal, you can determine your investment plan.

Invest for long term purpose: while investing, ensure investing for a long term purpose, irrespective of the short time ripples or fluctuation in the market do not make impulsive decision.

Diversify your portfolio: While investing, ensure you don't put all you money in one asset. Ensure to diversify your investment to different assets like bitcoin, stocks, real estate. This is a way of spreading your risk of investment and avoid putting your hope in one asset.

In investing, considering compound interest is very necessary. Is like a catalyst that speeds up a chemical reaction. Compound interest will help your investment to grow rapidly over time and ensure potential profit.

While investing, it is very important to make your research on the asset you want to invest. Do not rely on hype or friends to influence your investment decision.

While investing, it is necessary to consider tax rate. Ensure you avoid heavy tax rate on your investment, as heavy tax rate can become a hindrance to a successful business or investment.

Ensure to monitor your investment portfolio and make amend where necessary. Check your investment to know if it is growing or not and rebalance it where necessary.

Knowing the right asset to invest can be quite challenging, but when you use the right strategy, the probability of succeeding is there.

Which investment strategy do you use and why?

Your opinions are welcomed here.

Investment as the ensure while when n investing is asset to stock it come for real way of understanding or spreading it as the risk of investment for ensure it quit the basic research for investment into it will help you investment to grow potential good points to own the investment I used to make my own at the is to make the of the study of the movement that goes the location of business movement like advise and it necessary part of it challenging come in the difference way if both know the best way to invest in it

[Bigjoe33]

Diversify your portfolio: While investing, ensure you don't put all you money in one asset. Ensure to diversify your investment to different assets like bitcoin, stocks, real estate. This is a way of spreading your risk of investment and avoid putting your hope in one asset.

About this point, I have been thinking, of course, diversification of our investment depends on financial stability of the investor, yea. An investor who is able to invest in bitcoin, and at the same time in stock, and also in real estate shows he is financially stable and has enough money to spare for years without needing them. So the the question is... From this your point, what then should an investor who is managing to survive and accumulate bitcoin do? Since he is finding it difficult to even sometimes figure our what his discretionary might be to invest from there, so how does he fit in to this your point that investors should diversify? Or is the point just only for well to do investors?

[gracreavix]

You highlight things that must be done by an aspiring investor before thinking of starting their investment. After reading through, I think you have omitted something very important here, which is a sustainable source of income. You must not be a salary earner, nor receive pay check to pay check. But it must be sustainable for you to reach your investment goals. Another thing I feel was not talked about is setting aside an emergency fund to avoid tampering with your portfolio. We live in a country that is very difficult to stay true to our investment, but with emergency funds, we can conquer any unexpected event while our portfolio still remains. I'll stop here for now.

That's right, but for one to stay true to their investment, its advisable that they should have other sources of income, as it will help them to prevent anything that will cause them in tampering with their portfolio, which might stop their journey half way.
That is why they should not always be in a haste to start investing, when they haven't understand what it takes to invest and be successful in it, because it will help them to acquire more knowledge and understanding, which will support them in achieving their goals in it.

In terms of investment, we know that it is necessary to keep some emergency funds, so just investing will not do, people must have a source of income. When the market starts to fluctuate, if there is an emergency fund, then it can be prevented at that time. It is possible to expect profits by continuously buying Bitcoin. In terms of investment, one should not rush, but should be patient and analyze the market sufficiently and then make a good plan. To make investment successful, one should always proceed through one's own knowledge and experience. If one faces volatility, then be patient and continue buying using DCA. To achieve goals by investing, we must proceed according to a good plan in every matter, only then can help be successful.

True true, Nor be say person go just carry all him money throw inside investment without backup..  Emergency fund dey important well well because market no dey pity anybody.. If wahala show and you no get reserve, na panic sell go follow..

But at the same time, make we no too overthink am reach level wey we no go start.. Some people go analyze tire, plan tire, then still nor buy anything..  Small start with DCA still better pass waiting for perfect condition wey nor dey ever come..

[Adams0001]

You made good points, getting into an investment without settling out clear targets that you are working towards, don't just start an investment without having goals in mind. if you decide to invest in cryptocurrency bitcoin is the obvious investment most people would go for but it is important to diversify your investment instead of putting all your investments in eggs in one basket you can invest in other coins.

You are right, we shouldn't invest in one particular things if we can separate it out and invest in different place you can easily succeed in investment. They have different type of investment that you can probably do and succeed and they get someone that if you do you won't succeed in it that is why if you have many places that you can be investing on so that anyone that comes you can get the benefit. Bitcoin investment is the easier way to manage your funds and be using DCA method and gradually your investment will be increasing and get profit when the price increases. Let just try and understand something before we invest in them because without knowledge you can succeed in anything you try to so because you don't have the experience to handle it.

[Yorubek]

You made good points, getting into an investment without settling out clear targets that you are working towards, don't just start an investment without having goals in mind. if you decide to invest in cryptocurrency bitcoin is the obvious investment most people would go for but it is important to diversify your investment instead of putting all your investments in eggs in one basket you can invest in other coins.

You are right, we shouldn't invest in one particular things if we can separate it out and invest in different place you can easily succeed in investment. They have different type of investment that you can probably do and succeed and they get someone that if you do you won't succeed in it that is why if you have many places that you can be investing on so that anyone that comes you can get the benefit. Bitcoin investment is the easier way to manage your funds and be using DCA method and gradually your investment will be increasing and get profit when the price increases. Let just try and understand something before we invest in them because without knowledge you can succeed in anything you try to so because you don't have the experience to handle it.

Without proper knowledge success cannot be achieved by investing, it is very important to gain proper knowledge before managing investments. It is true that investing all your money in one place is risky, so it is better to invest in different places as much as you can, as a result, the risk of losing money is reduced. Bitcoin is a long-term investment, consistency is very important to achieve success, by maintaining consistency and regularly purchasing small amounts of Bitcoin and holding it for the long term, you can protect yourself from inflation in the future and expect profits in the long term.

[L E G E N D A R Y]

You are right, we shouldn't invest in one particular things if we can separate it out and invest in different place you can easily succeed in investment. They have different type of investment that you can probably do and succeed and they get someone that if you do you won't succeed in it that is why if you have many places that you can be investing on so that anyone that comes you can get the benefit. Bitcoin investment is the easier way to manage your funds and be using DCA method and gradually your investment will be increasing and get profit when the price increases. Let just try and understand something before we invest in them because without knowledge you can succeed in anything you try to so because you don't have the experience to handle it.

But, for the benefit of their funds, its good for them to make sure the have the important tools that they need in this journey and they can get it by acquiring more skills and having good information source and can also help themselves by improving their knowledge and understanding of how the market operates and how to manage the risks that are involved. This will make them to find it useful and helpful in achieving their targets in the market and consistently apply to the rules of it as they will not later regret it in their investment and also its the key to have a fulfilled life.

[Mate2237]

When it comes to investing it's very important that we give attention to diversifying of our investments options because it's not a totally good thing to do if you restrict yourself to investing in only only one asset, when the price of such assets is down it's going to affect you negatively. Investing in different business and business helps you to secure you creating a sustainable wealth creation that helps you to not depend on only one source of income or business because, that in times of crisis in businesses that you have invested diversifying helps in protections from loses.



Another business lesson is the goal that you have, you should not invest without a definite goal and plan. Setting up business goals will help you to achieving these your goals in the shortest of times.

[Fiasem20]

When it comes to investing it's very important that we give attention to diversifying of our investments options because it's not a totally good thing to do if you restrict yourself to investing in only only one asset, when the price of such assets is down it's going to affect you negatively. Investing in different business and business helps you to secure you creating a sustainable wealth creation that helps you to not depend on only one source of income or business because, that in times of crisis in businesses that you have invested diversifying helps in protections from loses.



Another business lesson is the goal that you have, you should not invest without a definite goal and plan. Setting up business goals will help you to achieving these your goals in the shortest of times.

The aspect of diversifying is very crucial to investors,it’s highly recommended but not a compulsory requirement.The essence of diversifying your asset is for reducing risk,risk is reduced if an investment falls the other investment may rise.The issue of diversification of investment is likened to not putting all your eggs in one basket because if the basket falls down all the eggs would be broken,so being on a safer side it’s important to split the eggs on separate baskets.Diversify your investments incase there’s a market downturn on one of the investment it won’t affect you financially.

[Charcol]

When it comes to investing it's very important that we give attention to diversifying of our investments options because it's not a totally good thing to do if you restrict yourself to investing in only only one asset, when the price of such assets is down it's going to affect you negatively.

Okay, I also think that having investment diversification can definitely be something. But diversification means the more coins, the better, let's not think like that again. I think real diversification for us means distributing different types of risks. For example,

Hard assets: Land, gold within hard assets. They have a physical value store.

Equity: Productive assets and participation in the growth of the company.

Bitcoin: Digital, which despite being a digital thing, its supply is limited and controlled. Also a monetary hedge.

Having 10 altcoins with similar risks is not really diversification, but rather it is a repetition of our own mistakes. However, among these, Bitcoin is different for me, because Bitcoin is not a company, nor the currency of any country, nor does it have inflation-heavy tokenomics like any altcoin. It does have risks, but that risk is of a different category.

[AGogi2003]

Long term investment will always help when you're in need, it create more path for us to become financially stable in the market. Where others are shouting and complaining,  we should be having the best time of our lives with flowing profits from our investments. The goal of every individual or businessman is to see himself growing every day and making top notch goals. It's simple, do what works for you and leave the trends because everyone solemnly have something working effectively for them. Long term investment is very crucial and have become something we ought to be taking really serious.  

Long term investment always help, but if you can be patient to invest in it because some people can't invest for long they always prefer short term investment so that they can get fast money and if you're someone that need quick money you will always struggle to succeed expecially if you're investing in bitcoin you can't just invest now and says you will get money fast you need to invest for the long term before you can get the benefit. But if you prefer fast funds I think you need to take high risk and focus on trading that can probably help you out. Investing need consistency and patience before you can surly succeeded in the investment, nothing will comes easy without facing challenges.

[Olatundespo]

Which investment strategy do you use and why?

Your opinions are welcomed here.

I am currently focused on Bitcoin accumulation using DCA method. There is no specific strategy here. I am making regular buying every week using the funds that are left over from my income and expenses, which is called discretionary income. To be honest I am in a job that pays me a salary every month but I spread that fund out every week for Bitcoin accumulation, which means I buy Bitcoin every week.

I only do it every week as well as keep a cash reserve fund available for lump sum Bitcoin buying during price decline events. This is a simple equation through which I am able to build my Bitcoin holdings. Discipline is as important as concentration in order to acquire wealth.

[Cgrexp]

Which investment strategy do you use and why?

Your opinions are welcomed here.

I am currently focused on Bitcoin accumulation using DCA method. There is no specific strategy here. I am making regular buying every week using the funds that are left over from my income and expenses, which is called discretionary income. To be honest I am in a job that pays me a salary every month but I spread that fund out every week for Bitcoin accumulation, which means I buy Bitcoin every week.

I only do it every week as well as keep a cash reserve fund available for lump sum Bitcoin buying during price decline events. This is a simple equation through which I am able to build my Bitcoin holdings. Discipline is as important as concentration in order to acquire wealth.

Waiting for the right time or a decline is not a good method, especially for those who have a short-term investment mindset. Because they think that they will buy when the price falls and sell when it rises. While looking for opportunities in this fluctuation, they can often miss big opportunities. In addition, it is difficult to find a dip for sure in the Bitcoin market. The best method for every investor is to invest regularly. When someone invests in Bitcoin regularly, he will naturally find some declines and the smart ones use this decline as an opportunity. Where you have adopted the right method. You have a stable income system and you buy Bitcoin from there on a weekly basis. In addition, you have kept a reserve fund to use the opportunity during the decline.

[Showlove01]

Diversifying your investment is important when it comes to crypto but the catch is, any other thing you invest in asides bitcoin has a very high potential to fail. Not saying bitcoin is ultimately the safest or doesn't have it's risks but if you consider investing in altcoins you need to do lots of research to make sure that you are not just putting your money into a dump. Make sure you go about it smartly.

It is not encouraging or good to diversify in Crypto though some people like the idea but I don't think i can diversify in Crypto because aside Bitcoin I can't invest in any other asset in Crypto because they so much lack the potential to do well and some of them once they dip there is no going or rising up again. So after investing in Bitcoin I will diversify into land and some assets because I have tried once to invest in shitcoins and I was highly disappointed.

[Judith87403]

You just covered the fundamentals properly.

My method leans on worth and long term compounding. I focus on solid, proven assets and avoid going after hype. For instance, in crypto I prefer assets that has long track records just like Bitcoin, and in equities I look at wide market exposure through index funds instead of picking stocks randomly.

I invest having a clear goal, make sure risk is spread across asset classes, and periodically rebalance. Most essentially, I think in years, rather than months. Markets fluctuate, yet time in the market mostly beats timing the market.

Consistency, patience, and disciplined management of risk matter more than chasing fast returns.

[Pressurizedem]

Investing has so many rules, and those rules are what you must abide by or follow critically for you to be a successful investor,
If those rules are broken, then you are bound to fail in the process. For you to be a successful investor, you must have patience

Patience is most important rule you must abide by, if you really want to be successful in trading, because most times, you will see reasons to take back your money, but if you are patient enough, you will definitely get lots of profit which will give you more strength to invest again.
Another rule you must abide by is Zero rush. You must not rush to invest in any coin that pops up, make sure you do your research before making any investment.

Another important rule is that you should invest little that you can lose. Always make sure the amount you want to use in your investment is one you can do without, else you will have yourself to be blamed.

[Tungbulu]

About this point, I have been thinking, of course, diversification of our investment depends on financial stability of the investor, yea. An investor who is able to invest in bitcoin, and at the same time in stock, and also in real estate shows he is financially stable and has enough money to spare for years without needing them. So the the question is... From this your point, what then should an investor who is managing to survive and accumulate bitcoin do? Since he is finding it difficult to even sometimes figure our what his discretionary might be to invest from there, so how does he fit in to this your point that investors should diversify? Or is the point just only for well to do investors?

The truth is that diversification isn't supposed to be for everyone, in fact newbies who are just getting started with bitcoin are advised to avoid any form of diversification and just focus on their accumulation, maybe until after several years when they are able to have build a solid stash for themselves. The reason for this is because, diversification in some cases could serve as a major distraction for an investor who barely just trying to get a hang of the the whole investment thing and delving into diversification at this point could deviate their attention from focusing in their bitcoin accumulation.

[Dex_master25]

About this point, I have been thinking, of course, diversification of our investment depends on financial stability of the investor, yea. An investor who is able to invest in bitcoin, and at the same time in stock, and also in real estate shows he is financially stable and has enough money to spare for years without needing them. So the the question is... From this your point, what then should an investor who is managing to survive and accumulate bitcoin do? Since he is finding it difficult to even sometimes figure our what his discretionary might be to invest from there, so how does he fit in to this your point that investors should diversify? Or is the point just only for well to do investors?

The truth is that diversification isn't supposed to be for everyone, in fact newbies who are just getting started with bitcoin are advised to avoid any form of diversification and just focus on their accumulation, maybe until after several years when they are able to have build a solid stash for themselves. The reason for this is because, diversification in some cases could serve as a major distraction for an investor who barely just trying to get a hang of the the whole investment thing and delving into diversification at this point could deviate their attention from focusing in their bitcoin accumulation.

I would like to have a slightly different opinion on the subject of diversification, because diversification could be broad and spans outside the context of just cryptocurrency or bitcoin alone.
Diversification could include options like buying stocks and shares in different companies, investment in real estate or simply trading forex.
The goal I see with investment, is to earn passively and frequently, that instead of funds sitting idly in an account or wallet somewhere and possibly losing value, it could be making more money or giving birth to babies in terms of profit that could amount to something better and bigger in the long run with a consistent effort and proper management skills.

[Lembo69]

The rules required before investing are not only knowing how to start investing. Rather, how to sustain it is also the rules of investment. Start small, start small through the DCA strategy, and invest for the long term. During investment, keep an emergency fund along with the investment, so that no sudden danger touches you, to manage the investment normally, it is necessary to invest from the source of income without violating the rules.

If you invest from your expected income, you will not have to worry anymore later, because you are investing with money that you are ready to lose. All it takes to make the investment sustainable is discipline and a strong morale

[Tungbulu]

I would like to have a slightly different opinion on the subject of diversification, because diversification could be broad and spans outside the context of just cryptocurrency or bitcoin alone.
Diversification could include options like buying stocks and shares in different companies, investment in real estate or simply trading forex.
The goal I see with investment, is to earn passively and frequently, that instead of funds sitting idly in an account or wallet somewhere and possibly losing value, it could be making more money or giving birth to babies in terms of profit that could amount to something better and bigger in the long run with a consistent effort and proper management skills.

Business earns you income passively m, not necessarily investment. Although we have short term and long term investments and each have their different approaches and goals, having them mixed up could mean disaster. All the form investment you listed are good, except for crypto trading, first of all, I don’t really consider it to be an investment, or more so a short term investment with short term goals. If what you’re looking for in an investment is some passive income or short term gains, then you should know where to go, but you gotta know that Bitcoin isn’t the best or right option for you because it’s a long term investment, meaning your goals need to be long term too. Although Bitcoin could also serve as a passive income too, but this isn’t through trading or short term gains but through strategic withdrawals but after you’ve already attained or reached a state of over accumulation and reached your long term goals.