Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Bravut
on 13/05/2024, 22:49:01 UTC
Now in your country if you are being paid N150k a month investing N30k every week will it still be seen as aggressive investment or not I think it will be.
I gave example of dollar and I think it should be viewed in your own individual countries.

Is obviously an aggressive investment because like you said if you are being paid N150k on a monthly basis and you decided to invest N30k on a weekly basis there is a higher chance that you could run into trouble on the process because for instance the total money is N150k and weekly accumulation is N30k so that means N30k*4=N120k for four weeks and you will be left with only N30k so you can see that is obviously an aggressive investment because there is no way N30k will be able to serve you till another month when perhaps you have a family.

Preferably since you are earning N150k on a monthly basis you could draw your investment calendar that from the N150k you will be investing N10k on a weekly basis and you will see that that the total amount you will spend on the four weeks will be N40k while you will still have N110k remaining on your balance, with this way you will hadly be affected on the process.

Your calculations is right and informative Mate.
Such is very aggressive as well as exhausting for anyone to keep up accumulating, there is possibilities of lagging behind. You can't meet up, even that method you don't have any discretionary and emergency funds, to keep up with as you're accumulating. Needs will always arise, the fact is wether aggressive or conservative it shouldn't be exhausting.

From your calculations of investing N10k weekly, that's N40k monthly, one with such pay can accumulate with ease as well as step up with time sns have more liquid funds.