Post
Topic
Board Economics
Re: The first rule of investing is saving
by
Fredomago
on 17/07/2021, 08:19:10 UTC
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.

Saving is the most important thing, we must do it because we need cash at any time, with Covid conditions like now, choosing the most profitable type of investment is important, many people are stuck buying property and during the pandemic the value drops, crypto is the right choice because it has proven to be very profitable .

With proper knowledge within this venue then you said it right, crypto is more profitable if you know what's you're doing inside this business, having good amount of reserve money and split it into the right investment.

Make sure to assess and do your good research before to jump into any investment that you pick, savings or the money that already excess to your budget is the best capital in my opinion, though you should always go and use the amount that you can really  let go or to forget in a longer time frame, with that, you are not going to make bad calls while you are inside and already have your assets being selected for your investment.