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.

Diversification of your investment is a very good thing, I think it helps you minimize the risk of losing all your asset at the same time. Real estate is a very good investment, but I think your colleague's father's mistake was too put all his eggs in one basket, which I will never advice anyone to do. It is also proper for you to have an idea of the business you are trying to invest into, or you seek an expert advice on it, because it will be a very big risk investing on something you don't have an idea about, so him not investing in bitcoin might be because he has no idea about it and also because of the high risk.