Quote from: Fortify on Today at 08:25:24 PM

Quote from: Bananington on March 11, 2023, 08:26:31 PM

In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.

The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?

Erm, no, you seem very confused by your asset classes which is usually a recipe for disaster when it comes to "investing". I say investing in quotes because one of the first rules you need to learn is to become familiar with your asset of any kind and be able to assess it properly. Cryptocurrency is not real estate, the clue is in the name of it - it's a currency or possibly even a commodity. Real estate is generally considered to be land or buildings which can come in many forms. Any sensible crypto buyer knows and appreciates it is high risk with the potential for high reward. This is much less apparent with most real estate, which has had a long time to equalize to it's currently traded value and while it may continue to appreciate in value, it will be over a longer time frame.

The thing on here is that, why would need to choose one if you could be having both? Plus we know that real estate investment isnt something that dirt cheap on which you could directly purchase out some property

in a snap.This is why the ones who would really be able to touch up this kind of investment are to those people who do have sufficient financial status on which they could be able to buy without any problem.
We should really be putting up into our minds that having an investment does have that particular risks. Dont know about real estate risk level but we know that this doesnt give out 100% guarantee that
you would be able to succeed on this kind of field but cant really deny that once you do able to buy a property strategically then you do somewhat assure that making money would be there.

On the time that you do make money? This is the time that you would consider on diversification and this is where you would be including other corners on the time that you do make investment.