To my own knowledge and i will also be glad if i can get some opinions to me before you ask what, ask why. Why are you investing?
Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.
Always take risk into account. What is your risk tolerance?
There are really good replies to this subject. I'd like to add that to invest means not only set the specific goals but also always be informed and be aware of the latest changes in the market. It's difficult to deny the fact that the person who owns information owns the world. In the crypto world your tool for being aware of all the exchange offers might be Swapzone (https://swapzone.io). This platform provides the user with all the relevant information about some particular swap: where to exchange, for example, BTC to XMR with the lowest fees, the fastest speed and best rating. So, make informed choices while investing Investing is like a project. All projects have a goal or finished item.
What is your goal? Be specific. Getting rich is not specific. One million saved or $1000.00 a month in dividends is specific.
Your goal should be your realistic. One million is realistic. One billion is not. One thousand in dividends is realistic, $10,000 per month, no.
Define your time horizon. Months, years? The time will help you to stay on target and provides measurable times.
Always take risk into account. What is your risk tolerance?
