Post
Topic
Board Economics
Re: The choice of investment is dependent on your region of residency.
by
jrrsparkles
on 11/06/2024, 14:22:53 UTC
If one intends to make a first time investment into any venture,
it is always wise to seek professional advice from experts and brokers who can help you plan, execute, and manage ones investments into any area, so that one would attain their investment goals faster  irrespective of the region of residency.

Let's discuss!

I would say it's not necessary, professional investment advisors don't know your specific interest of investment and they maybe an old school investor who don't know the real potential of crypto investors so I suggest do your research on your own instead of giving the decision making to someone else because you only know what you want and how much your risk tolerance than anyone else.

I agree, even though advisors have knowledge about business or investing, it doesn't mean they know everything or are always good at everything. If they are really so talented, why don't they start their own business, and become consultants?

Once we decide to venture into any field, we need to understand it well and be confident in our knowledge. Relying on others shows that we do not believe in ourselves, how can we succeed?
Talking about cryptocurrency investment, I even believe that there will not be too many advisors and financial experts who know about it, let alone give us advice. Personally, I would rather bet on myself than bet on someone else.

I knew some of the professional investment advisors who are also filthy rich investors but they charge huge amount for giving the guidance which we can get on our own if we put in some effort or if someone is capable of paying them and just want to sit and let their money speak then they can go for the OP's advice.

Another fact is, experience is something that can never be bought anywhere which is one of the important thing needed to become successful not just in crypto but in any sector.