Quote from: milewilda on June 19, 2023, 07:12:45 PM

Quote from: Sayeds56 on June 19, 2023, 04:51:16 PM

Quote from: Godlovesyou on May 12, 2023, 04:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

It is crucial to save a portion of your monthly earning, and making wise investment can prove advantageous for your future retirement. Investment in crypto currencies such as Bitcoin or stocks of popular companies like Amazon,Apple, Microsoft or Samsung can potentially yield substantial returns in the long term. To minimize risk, it is better to begin with small small amount and continue investing by using DCA (Dollar Cost Averaging) strategy which is consider beneficial to maintain buying cost at a reasonable level. However, it is important to acknowledge that all investments carry some level of risk, therefore carefully evaluate your risk tolerance level before making any investment decision.

Having a savings is always been advantageous because this isnt only for the sake of emergency purposes but also in other things as well like investment or making up a business because not all would really be that the time that we do always have the money unless if you are extreme filthy rich which does have lots of income source then this wont really be an issue if we do speak about spare but if we are on someone whose been sitting on the middle. Then for sure you would really be mainly thinking about about on having savings since we know that we could really make use of it on the future. About investment then whether a saved money or not then
it would be no choice but it would be better if you do make use on something that you can really afford to lose. Every step we do make and every decisions would really be accompanying such risks because we know
that investment is risky but we cant really be able to progress if we dont take up such risks.

I see you carry the badge of a traditional saver, focusing on future, plans, watching that nest egg swell. Cozy feeling, right? But remember, savings isn't static, it's a living resource meant for tactical use.

Your nod to investments is on point. Risks do exist, but they aren't all the same. Gauge your risk appetite and explore fitting options. It's not about sinking everything in one daring punt, but diversfying your assets.

You highlight the need for money know-how. We must guide folks towards smart financial choices for personal and national upliftment. So, cheers to savings, but let's also rally for a deeper understanding of financial savvy.