Quote from: Die_empty on Today at 08:05:34 PM

Quote from: eightdots on Today at 04:52:32 PM

Yes, there are those who think differently about diversification. While some understand this diversification as only crypto, some diversify by making gold, real estate, crypto and other investments together. I actually think this situation is related to financial strength because a certain level of financial strength is needed to invest in different investment vehicles. Those who do not have this financial strength use their investment right by choosing a single investment.

The financial capacity of an individual might determine how he manages his investment. But diversification could be done even with limited resources. Since Bitcoin can be bought in bits, someone can buy based on the funds available. The same thing can be applied to gold and other precious stones. As for real estate, instead of focusing on assets in urban areas that are expensive, teal estate assets in rural or semi-urban areas can be cheaper to invest in. You don't need to have a fortune to diversify your investment.

All matters with mindset because on the time or moment that you do become that mindful or having those plans that you would be needing up to consider out on having multiple income sources then this would be your primary mindset on which is trying out to diversify your assets to have that potential on making up some multiple income source. Yes, this could be hard but its not something impossible. It is just that a matter of target goal on how you would be making up such plans on trying out to make those considerations on taking out such step. We do know that once you do have that multiple income source then you do have the chance that you can be able to recover if ever you would be facing up some difficulties. Its a matter of choice on how you do made out such management when it comes into this aspect.