Post
Topic
Board Economics
Re: it's so risky!
by
Similificator
on 05/05/2023, 03:42:17 UTC
I don't invest money easily in any asset because of fear of losing that money. i think of investing 80% of total savings.
do taking risk is important or not?

please quote all question and answer it's very helpful for me and others.


Seriously, 80%? And you say you're still afraid in that state? I wonder what will happen if you gain more confidence! lol.

Okay, serious mode. My advice to you is to not hate that fear, never try to rid yourself off of it (although it would probably be impossible to get rid of fear). In fact, it would be best to befriend your fear instead because with that fear, you become cautious and would be more likely to push yourself to learn more and prepare lots of counter measures etc., just to make sure you don't mess up and lose your funds. Which is very vital in this industry.

Now about taking risks. Yes, it is important to take risks in order for us to better ourselves and to not lose out on great opportunities. But that doesn't mean you mindlessly jump headfirst unto everything you set your eyes on just because it looks good. Always calculate the risks that you take and make sure that whatever the consequences may be, you will be able to withstand all of it, win or lose.

Good luck op.