Quote from: Fortify on Today at 07:26:36 AM

Quote from: JamesBorn on April 14, 2023, 03:24:03 AM

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Investing is all about risk and trying to minimize it while extracting the biggest returns possible. If you want zero, or at least close to zero, risk then you should keep your money in the biggest banks earning 2% if you're lucky via a savings account. That being said, people can often be far too naive when it comes to handing over their money if someone throws them a sales pitch and there is often a level of greed to it. People see claims like doubling your money in a few months and start to have wild dreams of what they could spend the money on, but ignore the fact that such a return will come with extremely high risk of losing all your money. Be happy with taking 6-8% out of the stock market where your risk is reduced, especially if you buy an index with a diversified basket of companies.

Indeed right, investing do have risk in, that you needed to understand before jumping into any conclusion to use your hard earned money. The point is, you are willing to take that risk to earn decent earnings,

but the problem, without further knowledge about the industry, you will find yourself losing your investment instead of seeing it to grow. Before you take your step better, to equipt yourself with the right knowledge and the right idea to make sure that once you risk, you have proper sets of expectations and target to achieve.

With being said, you should take more time in learning the market that you are going to participate and use only the amount that you are willing to let go, if in case something bad happen to you always have a good backup money to finance your next try.