Quote from: kapalmabur on Today at 03:55:59 AM

Quote from: Viscore on July 15, 2021, 11:21:34 PM

Quote from: DatKing on July 15, 2021, 10:53:25 PM

Firstly, you save a good amount of money. Then, you would consider investing some of it into a cryptocurrency or something different. It's really an important thing to be aware of. Because there have been many people who didn't care about saving much and invested all of their money into a cryptocurrency. This is just a deathwish for a person. It's always better and crucial for one to save a good amount of money not to stay in a bad position.

You can invest from your savings but not totally the whole part of it as you are not sure yet if you will make profits or the vice versa. If you'll lose, you still have some left for your own necessities.

But if you start investing from a borrowed money, its quite a big decision you'll make. You'll end up wrongly if you lose plus you have nothing to pay for the interest too. So as much as possible, invest on the amount you can afford to lose. Losing is definitely a part of investing so there's no way we can avoid that particularly if we are still a newbie.

Yes, it's true that in any investment, I think there must be risks, so we need to continue to learn and minimize making wrong decisions.
Besides that, in investing, we are also easily tempted by the lure of instant profits, it's impossible

It is necessary to know our limitations. We have to remember that investment will never be in profit right after we start, indeed, it takes time to see it. If we all spend our money just for the sake to make a huge return, I don't know what will happen to us when there is a problem occurs.

It needs for us to learn Fund Management, some people don't care about this but for me, it is very important to know this and to know how manage our funds wisely.