Quote from: GxSTxV on June 06, 2025, 09:10:05 PM

Quote from: Die_empty on June 03, 2025, 11:42:32 AM

The father of my colleagues invested heavily in real estate. Immediately after he retired from his job, he invested his entire retirement benefits in real estate. And he kept expanding the business by building more houses. My co-worker usually tells me that real estate is the best investment because of less risk. It is common for him to say that he or his father will never invest in Bitcoin because it has high risk.

There was a flood in a section of my country that destroyed lives and properties. His father lost about seven blocks of flats which is all he has in life. The houses were not issued, so he is totally broke.

Lessons
- Diversify your assets. Don't invest all you have in a single asset.
- If you are investing in real estate, let your properties be in different locations. My friend's father lost all his property because they were in the same place.
- insure your assets and businesses. Insurance can help reduce the effect of a loss.

This is a fact and what you shared is a tough lesson, but an important one for all of us. I always believe in diversifying not just in different types of assets like real estate, crypto or stocks, but also in different coins, currencies, and even platforms. You never know what could happen like price crashes, withdrawal limits or unexpected pauses from banks or platforms...

A big mistake is putting everything in one place, no matter how safe it seems but in reality thats a big risk on its own. I believe in balanced portfolio to help protect you from unexpected events, whether it’s a flood a market dip or a blocked withdrawal. Successful people are already aware of this feom experience and that's how they avoid surprises.

There's always that saying that we shouldnt be putting up our assets on a single basket or point or simply focusing on just one on which we do know that failures and crashes could happen on which means that recovery would be that so hard at the time that you able to encounter it out on which unlike when you do have different sources then you can eventually be able to make out some recovery in no time in comparing into those individuals who do focus out on a single investment. Well, its not that so easy when it comes into this aspect since when we do speak or talk about investment then it do need out that capital on which not all people would be that financially capable when it come into this aspect on which this is why it would be ending up for them to deal up with single investment and made out some decisions on making up some business expansion just because they have made out some profits. This is commonly been done but since we do know that business or investment doesnt guarantee success on which this will be that still situational.

Diversify as much as possible because on this way you would be able to find yourself having that kind of probability that would be able to hit up those problems on which you would be needing up that kind of preparation. Diversify your assets and if you do have that single income source then you do made out your first investment then the profits do made then you would be trying out to expand out to other businesses or ventures but of course you do need up to study and made out some research because you cant just that dive into to those ventures on which you dont even know or having the idea on what it is. Proper research and relevance of your interest will be that needed on which each step that you would be making will be crucial and since we are talking about investment then you do need up to be wise on the decisions you are taking. As much as possible on where you do need up to make up back up plans.