Quote from: Dr.Bitcoin_Strange on Today at 09:33:36 PM

Quote from: nlovric on June 22, 2023, 10:31:59 AM

It is crucial to recognise that those who do experience extraordinary success by investing a lot of money are either very lucky or have made a lot of investments allowing some of them to be profitable and offsetting any losses they may have experienced along the road.

Having just one investment is obviously a risk too, because even if you have managed all the possible risks and have a good idea of how well your investment can work out, it still might not work out due to some unforseen circumstances. The reason most people are successful is because they did not just rely on one investment. I don't mean that relying on one investment is bad, but the risk is that, in some cases, it might not work out the way you have planned it. If one still has other investments in other assets, then they can serve as backup for the non-profiting or low-profiting investment. So, I agree with what you said. Having more investments will even increase how successful you can be because you will always have other investments to support you.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Thats actually the best thing any profound investor can do for himself, because diversifying your investment to different area actually increases your chances of gathering better profits and like you said also reduces the possible loss rate that you might inquire to your investment. Although its not a compulsory thing and it also depends on the budget in which the investor is going with because you can't make different invest if actually your capital money isn't enough.