Hello fam, please read closely e get one wise quote, way I like so much " a stitch in time saves nine" for this investment game no body know everything all at once , we are all Learners , and trust me, we go continue to dey learn and also dey adapt as long as say na this investment game. Normally e get some mistakes way we dey make as investors normally , nine make I say make I bring them to the table so we go fit educate ourselves and also improve our investment skills. The first most common investment mistake way most of us dey make na
•un-diversified portfolio: this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets. then another major investment mistake na
• timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na
•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.
Bro wetin u yarn no bad oo, but diversification and undiversification dem get their advantages and disadvantages. Diversification for one side dey risky and e go fit make other assets no do well and u fit dey spend ur profits from de one wey dey bring profit to another, of which wey go fit result to loss or u no go benefit from de one wey dey profit u. De good thing about diversification the plan fit help protect u from loss incase one side no dey do well de other side go package u and u fit dey mention de other till that one sef go begin bring profit.
Anybody wey invest, especially crypto (bitcoin) need adequate knowledge to dey move and grow hin investment. And how u go take get knowledge na to dey do research to balance and set ur investment, put am for de right track so dat u go reap de benefit. Make u get am for mind say no be every crypto dem dey put money some na loss u go fall enter if u no do research well well. De market sometime things dey change, different things dey happen, if u no do research time fit come when things go tight or dey difficult but dat knowledge u get nai go make u pass dat difficult situation for de market.