Quote from: EarnOnVictor on Today at 06:17:11 AM

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

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.

Your advice is good, nothing can be compared to investment diversification, and I wonder why some people would say this is not a good idea, especially if you are dealing with Bitcoin, I've seen a few like that. Even in that real estate, your friend's father should have thought better, the money invested can be diversified in at least 3 locations with different factors considered, which is the mistake I think he made. Real estate is good and will remain good.

Asset diversification helps to reduce loss of properties during natural disasters and unfortunate situations no one should invest everything in a particular local it doesn't matter if the location brings more profit than other places, the people who doesn't listen to this type of advice are wrong investors who does things like gamblers they can only learn when they have lost all they have invested when the have issues. Whether you are investing into cryptocurrency, real estate other other types of businesses try to diversify your investments so that if anything goes wrong with one you have others as badk up.