Lessons
- Diversify your assets. Don't invest all you have in a single asset.
In as much as every investment has a loss and profit, it is important that the investment is diversified. Diversified assets can help in reducing risk because different assets has it's own season that they perform well, whether and economic changes can affect or profit some assets.
When you diversify your assets and the season doesn't favor one at a particular time, the other assets that are in favor of the season will cover up for your loss at that moment and this will help you to manage the risk of loss.
more precisely investment instruments have different price fluctuations and risks, someone who wants to maintain their wealth must have reserve assets in various forms to maintain stability, so I agree that diversification is very important when you are already at the financial level of maintaining wealth, but in this case you also have to look deeply at the risks and long-term potential, and have a time period that needs to be considered so as not to take the wrong steps.
if you do not have an abundance of funds to invest to different kinds of assets then just pick one that is solid and can offer you good profit and at the same time not too risky since this is your only investment
There is no investment that will give high returns with low risk, maybe gold but the profits obtained are very small and will not be comparable to the time spent, the only best way with limited funds is to take risks in one asset by continuing to learn it and the choice is bitcoin, yes this asset can still provide 10x or even more profits in the long term.
That's not necessarily sir, if you have little funds to invest, then the best investment you should take is to invest in yourself to increase your value and skills, with that you can get more money than the usual amount of people, so you are able to have some money to invest, you have to remember that a 10% increase from $ 10 million is $ 1 million, don't focus on high increases focus on the amount of money you have, for example you get 500%, but the money you invest is only $ 100, it will only amount to $ 500, my friend.