1. For games where the house edge is positive but not very high,which is the most table games and your chance of winning is not that low.As a first order approximation,the games are a random walk.For example,if you come in with $500 and your goal is to stop betting as soon as you reach $750,and your average bet size is not too small(which would increase EV for the house),then your chance of success is approximately 2/3. If you include the house edge and other friction e.g tipping the dealer,you are still at about 60% and if you know you have negative EV but want to play socially and feel good about winning most of the time,this is not a bad strategy to use

2. In some cases,the house edge is negative and strong players can take advantage of those cases.

3. Poker is more biased toward skill than luck,so if you are a beginner,it is pretty far from a random walk with small negative EV. If you play for a few hours,you will probably lose 80-90% of the time.
        So if don’t want to lose too much
        While learning the game,you need to                 
        Start at the lowest stake tables
        Possible(e.g $1-$2) and move up from
        there,then you need to know that you
        shouldn’t expect to win as a beginner
        and look at your modest losses as
        “tuition”until you get better.

        In all the point above,it is
        important to commit to a certain
       strategy that is pre-determined and
       leave emotion at the door.

With the possibility of the federal consumer financial protection bureau being diminished or eliminated,I offer the following for your consideration;

Protect yourself and all your assets from scams.As AI takes hold,the number of scams that will come over the phone,in email,in real mail,in internet searches,in text messages,in link on web pages between news stories is beginning to multiply exponentially.
So if you have not already frozen your credit,please do it,it’s not difficult to do and turn off temporarily and refreeze.Thereafter,run your free annual credit report and check it for bad or suspicious information.

Make sure all,and i mean all access to any of your financial accounts including banking,credit card, investment and retirement is protected using 2 factor or multi factor authentication and pass keys are supposed to be state of the art.
Stop answering calls from unknown callers,let them go to voice mail and i think that alone will allow you to screen out scams.

And be extremely wary of AI generated search results,they cannot yet be trusted without verification.
Keep all your electronic devices up-to-date making sure all operating systems,security updates and applications are checking and updated frequently.

In conclusion;
Remember,there are perhaps millions of human and maybe billions of electronic bots out there that are trying to steal from what you have worked-out your life to build,so is time to put in some effort to protect yourself and your assets against any potential attack.

Employee Provident Fund(EPF) is a government scheme that helps in building up a retirement corpus.It was introduce in 1952 under the Employees’ Provident Fund Organization(EPFO).

In this scheme,employees contribute 12% of their basic income to the fund every every month,and the employer matches this amount with an equal contributions.

Where does your money go when you invest in EPF?
The EPF is not a single scheme. Actually,it consists of three distinct schemes,each with a different goal.

1. The first part of the EPF scheme is where your retirement benefits are accumulated.This is basically the wealth generation part of the scheme.

2. The second part of the scheme is related to EPS. This scheme aims to provide a pension after the age of 58years. 

3. Third part of the scheme is related to EDLI(Employment Deposit Linked Insurance Scheme).Under this scheme,you are covered under a life insurance policy.

Interest Rate You Earn.
EPF deposit currently have an interest rate of 8.25% every year,the government reviews and declares the EPF rate of interest.

Useful to Save Tax.
EPF investment come under the tax company of Exempt,Exempt,Exempt(EEE).As contributions are deductible from your total income.There is no tax due on the amount you invest,the interest you earn,or the amount you receive on maturity.

EPF Withdrawal Rules.
There are three scenarios upon which 100% of the EPF can be withdrawn;
* Upon attaining the age of 58years.
* If you are unemployed for two months or more.
* Upon the premature death of the member.

Though,there are other scenarios too,in which you need funds such as Children education,buying or construction of the house,marriages etc.
In this case,you can withdraw some portion of the contribution from the EPF. However,there are quite a number of terms and conditions that you need to be mindful of.

Omo! This is a great job i must say it. It is not an easy task to put this data in well organized format like this,it really show how committed and devoted you are in our Local Board.
It may look easy but it need someone with a strong zeal and passion to put up this piece of work in this organized format,i urge you to keep it up with this project because it really serve as a motivation to all the quality posters and active members in our local board.
I see it as a way of telling them to still continue,that thier good works can never be ignored or leave unnoticed.
 Bravo!
You re doing well.

In recent years,Bitcoin has emerged as a compelling alternative to traditional fiat currencies like the US dollar for storing ones savings. The reasons for this shift extend beyond mere speculation,data analysis and market trends offer substantial evidence to support the idea of keeping a portion of your savings in Bitcoin.
I will further explain why it’s advisable to consider Bitcoin as a store of value and will provide a data-driven insights to back the claim.

1.INFLATION HEDGE
The primary motivation behind choosing Bitcoin over the US dollar is its inherent ability to act as a hedge against inflation.
The Federal Reserve’s explanationary monetary policies and the increasing money supply have historically led to devaluation of the US dollar.
Over-time,this erodes the purchasing power of your savings,Bitcoin on the other hand has a capped supply of 21million coins making it inherent deflationary.

DATA ANALYSIS:
Over the past decades,the US dollar has experienced an average inflation rate of approximately 1.9% per year,according to the US Inflation Calculator. In contrast,Bitcoin’s scarcity and halving events have led to an average annual increase value of approximately 200% since its inception in 2009.

2. STORE OF VALUE                                                                                             Bitcoin’s function as a store of value is reinforced by its performance as a long- term investment. Historical data shows that Bitcoin has consistently outperformed the US dollar and even traditional assets like gold over various time horizons.

DATA ANALYSIS
Bitcoin’s annualized returns over the past ten years have been significantly higher than those of the US dollar,gold and the stock market.
For instance,a $1,000 investment in Bitcoin in 2011 would have grown to over $8millionin 2021,whereas the same amount held in IS dollars would have seen minimal growth due to inflation.

3. GLOBAL ACCESSIBILITY                                                                                   Bitcoin is a borderless currency, making it accessible to anyone with an internet connection.This global accessibility provides a level of financial inclusion that traditional banking systems often fail to deliver.
Bitcoin can be sent or received quickly and with minimal fees,irrespective of the geographical boundaries.

DATA ANALYSIS
Bitcoin’s adoption has seen remarkable growth worldwide.The number of Bitcoin wallet addresses has been steadily increasing,demonstrating its rising popularity and accessibility.Bitcoin decentralized nature makes it resilient against government-imposed capital controls,a factor that is particularly appealing in region with economic instability.

4.TECHNOLOGICAL ADVANCEMENTS
The blockchain technology underlying Bitcoin has continued to evolve,by becoming more efficient,secure and scalable.This progress further strengthens the case for Bitcoin as a reliable store of value.

DATA ANALYSIS
The development of layer 2 solutions,such as the lightning Network,has significantly improved Bitcoin scalability and transaction speed.
As these technologies continue to mature,Bitcoin’s utility as a means of payment and a store of value will only increase.

To put it into more perspective,while Bitcoin’s price can be highly volatile in the short term,its long-term performance and the aforementioned data analysis reveal its potential to preserve and grow your savings more effectively than the US dollar. It is important to note that,as with any investment,there are risk involved and it’s crucial to approach Bitcoin in a long-term perspective and a well diversified portfolio.

However,as a store of value and a hedge against inflation,Bitcoin has demonstrated its potential to outshine the US dollar in the modern financial landscape.

Before planning to diversify your portfolio into something huge,you should not divert your attention from a digital asset like Bitcoins,though there are other different type of digital assets but crypto is the one that i can guarantee you of,it is a swift and smooth kind of investment one can ever think of to indulge because irrespective of the ups and downs or market manipulations,you will definitely leave the market with profits if you adopt a good investment strategy.

It is an asset that cannot pushes both old and new investors into panicking and it will certainly assure them of huge returns in future.
Bitcoin does not assure any investors of quick returns in a short period of time, as such patient,consistency and perseverance is the watchword.
Don’t be deceive, bitcoins does not promise any profitable potential investors of any huge profits in a short time,unless you’re thinking of something else but not bitcoin.

Though,the spread of online gambling,particularly in the realm of betting has sparked intense debate regarding impact on society.To understand how it affects gambling behavior,profitability and addiction concerns,let us explore the key differences between online casinos and sport betting.

In recent years,both have gained popularity but their availability and legal status vary significantly across the global gaming market.
Some gaming comes in various forms including lotteries,number games,sport betting,casino games,horse racing,poker and electronic gaming machines.

Casino gambling is often considered as a traditional form of gaming,whereas sport betting has gradually taken a dorminant position in the global market.To provide a better understanding of this evolving in the industry, we compare these two aspects of gaming as the case maybe.
Basically,sport betting primarily depends on the outcome of sporting events and is largely based on chance,as it is not influenced by a live event(ie)bettor can control.Both casino games and sport betting offer social and solitary experiences.

Traditionally,casino games like poker and blackjack were social event,which create a room whereby you interacting with other players,and it was a key part of the experience.
Earlier before now,online casino mainly offered solo gaming but a modern platforms now feature live dealer games,allowing players to interact with dealers and communicate in real-time with other players via live chat,replicating the experience of playing in a physical casino.

For those who prefer to play alone,non-live games like slots or video tables games are the best option.

I think it’s more of the old Bitcoin investors back from 2010 that now own $100M or more in Bitcoin,than new institutional investors for the following reasons;

1. Old Bitcoin investors have done this 20times in the last 8years,so they will surely do this again.
Institutional investors have done this before.Although,they have probably done this with stocks a few time before now,however it is very illegal with stock,so doing that is not something many people would do.

2. Old Bitcoin investors don’t care. No one knows who they are and it’s very unlikely for them to get caught.Also,it’s not really illegal to manipulate Bitcoin prices because its legislation is still unclear and a grey area.
Institutional investors have to play by the book,they have company guidelines,CEOs and board members,rather unlikely that rogue employee dumps all these Bitcoins without anyone knowing.If this were really an institutional investor,the whole board,CEO,employees would need to be complicit,which will just  doesn’t make sense.
Sure,it’s not illegal per say but institutional investors have more to lose here than to gain.For them,crypto is still a testing ground and they don’t have too much money in it.

3. Institutional investors would need to own Bitcoin in the first place before they could dump them.
Over the last 6months Bitcoin has been very stable and there was too much of an opportunity to buy large amounts.
Sure,there were a lots of OTC purchases,but they also affect the market,Old Bitcoin investors already own the Bitcoins and they can sell them at will.
Furthermore,i don’t think it is institutional investors but rather old Bitcoin whales getting back into the Bitcoin manipulation game.

However,i think that the Bitcoin whales have told institutional investors what they are up to,they have likely told them through the grapevine that they will dump the price to $4,xxx,so that they have institutional investors with them in order to have a stronger pump.
In all,i believe this doesn’t incriminate institutional investors at all because they know what’s going on in the market.

With the emergence of AI in our global economy and the future at large,there are certain tasks AI may not execute well and it will demands for human input.

Al usage in our daily activities is something that cannot be overemphasize but it really undermines human ability because the two functions distinctively.

Blockchain is a good technology when you have two specific issues;
1. Checking the authenticity of a transaction and
2. You’re not processing very many transactions.

For example,if you want to apply blockchain to property registry that would be better and that might be a good application.
You probably can’t apply it to things like election because it will be too slow if you get in rush in voting.

But actually blockchain has one major problem and it’s a problem that would be fatal to Google/Alphabet’s business model.
Though,it’s not “scalable” and scalability is the ability to add more capacity to a system by adding more resources. Blockchain is the opposite of scalable,the more resources you add to it,the slower it gets as each resources is always checking all the others for authenticity,which will doubling your hardware cuts processing ability by 50%.

Google Drive works because if you need more users,you just add more servers. You can put them anywhere and any resources you add makes it work better.

Bitcoin is the best known example of a blockchain,it gets slower when new miners are added.
At present,Bitcoin is limited to seven transactions a second but by comparison,i think VISA has a peak transacting speed of 500,000 transactions a second. So it’s not based on blockchain.

Thank you for that insightful observation,very much noted.
I will work on that in my next post.

1. Anchor your portfolio with high-quality bonds. Investors are often tempted to time market as market dynamics change.

2. Explore non-core income options.

3. Use short-term bonds to help lessen interest rate sensitivity.

4. It is always necessary to add municipal bonds to your portfolio.

One has to be very careful when making transactions in bitcoin most especially in a non-custodial wallet because its happen that once it is been confirm,the chances of getting your assets back is very slim.

No recovery services can beable to recover a lost bitcoin irrespective of the recipients address unless the person just decides to send it back maybe when he/she discovers it was a mistake from the sender.
And the only way to get that done is by laying complaints via the exchange platform used by the sender stating clearly the sender wallet address and the recipient wallet address from there,i think the free flow of mutual ascertain,rather than building hope on any fucking recovery services with high hopes and promises.

I feel that the recovery services platform is designed to help calming down the tension and not recovery any lost assets because once transactions is been confirmed is always difficult to get it back,so it is always advisable to check the recipients address thoroughly before confirmations.

Stop!
I mean it…….stop!
I’m going to read your mind and save you money.

Interesting?

Okay, you’re a first time entrepreneur, you’re just getting started.

Congratulations;
You’ve taken the first and most difficult step, so getting started.

Amazing!
Now,i can almost read your mind, and i can anticipate the mistake you’re most likely going to make or already making.

But wait,don’t feel bad.It’s okay,we all make this mistake,but i want to stop you before you continue………..

I can tell you’re working on your better version of your products and services.

Your plan is that,you want it to work perfectly before you get it to your customers.

Right?
Most likely you’re investing long nights and hundred of hours of hard work to make this your perfect product.

Correct?
Most likely coding,buying inventory,making a hefty investment of time,money,effort and resources,

That’s your mistake!
What that means is that,this guy is crazy.
Yeah,i know you’re thinking about that.
It’s okay,you’ll love to know after i will save you tons of money,effort and resources as the case maybe.

You should not be buying inventory,coding or creating your products, and you shouldn’t be renting office space or buying furniture,No!

So what will i sell? I need something to sell.
Exactly!
That’s your mistake.

You’re gambling!
No,I’m not gambling.Everyone needs this product,if i could get just 1% of the market,we will be very successful.

Yes,you said it correctly.If you get a part of the market.

A very common mistake we all make is creating the product before we find the customer and that’s gambling.

Infact,it’s extremely expensive to find the ideal customer for your product.

Here’s the key difference
You create your version,then go out to the world and say,I’m trying to sell this.
And i need to find the perfect customer for my product.

The correct way to do this is by creating a “DEMO PRODUCT” and then going out to the world saying, I’m trying to learn what you need and I’ll make it for you.

See the difference,
One is GAMBLING, that’s you invest everything into your business and then you go out to sell.
The other one is INVESTING, you invest very little,find the customer and then create the product for one or more clients you know that will buy your products.

Example;
1. This is a Demo Donut.


2. This is the Donut customers want.




In a summary,it is hightime, you stop working on your product and get out there and validate your idea before you invest more.

The biggest one are;

1. Spending more as you earn more(lifestyle inflation). People can’t live like they are student forever. Yet countless people do just increase how much they spend as they earn more.  This is one of the biggest reasons why even some high-income people are broke, studies have shown as many as 20% of high-income people are broke(living from paycheck to paycheck),and even more in upper-middle and middle class.
     
        This is a major reason for that, and
         there are two reasons why people 
         tend to this;
* What bad habits have eventually formed.
* Some are trying to “act rich” and show the world they have made it.

To be frank, i think instagram probably wouldn’t exist if there weren’t people looking to show off.

2. Getting into credit card debt,but not all debt is bad in some cases.Almost every successful business has used it,yet credit card of consumer debt is very dangerous.

3. Spending loads of money on depreciating assets like cars, and not assets that appreciate.

4. Saving rather than investing,this is particularly in some risky countries where the exchange rate and inflation risks are huge.Plenty of people have been wiped out by this in the past.

Ultimately,wealth and income are not the same,cash flow is also kind,as a potential liquidity for a portion of your assets is an emergency and its serve as an emergency funds.

Therefore,if somebody is worth $5M on paper,but it is all tied up in illiquid assets,that isn’t the same as having $5M in a liquid ETF portfolio.
Likewise, if somebody is making $500,000 a year but is spending $500,000 each year,that isn’t the same thing as earning $70,000 and spending $50,000.
In fact, it will make that person poor in many ways,even though general society would think they’re rich as they are earning 500k.

Yet in reality, they are just living pay cheque to pay cheque, and any unexpected events like ill health could put them on the breadline.

First and foremost trading is a risk on its own, den you still have the gut to risk yourself again with loan,automatically that is 2 in 1 risk yuu dey take like diz.
Omo i can’t advice even my worse enemy to indulge in such act because the outcome will not be nice atal,if you don’t have enough money to start trading,you can as well start with you what that is at your own disposal and it must be an amount you can afford to lose incase of any eventuality.

If you eventually borrow money to trade,ah swear emotions will not allow you to rest and it will make you lose most of your trade because of fear.

Sustainable and a profitable trader don’t loan to trade,because;

1.It will instigate fears (ie) making you to lose confidence because of fear of losing someone money.

2. It will destabilize you totally making you uncomfortable when trading.

3.It will pushe you to aggressive trading,most especially when you’re at the point of recovery after huge lost.

4.It induce you to open unnecessary entry when trading etc

Please future trader don’t involve in this mess.

Such thoughts or misconceptions is mostly seen in people that don’t have an in-depth knowledge about bitcoin and how it works.
Bitcoin is not getting rich quick kind of investment because in its operations you will find out that “Patience” is the key factor that cannot be overemphasize,so if truly you want to be one of the beneficiaries in bitcon investment you need to work on your risk tolerance.

It is not ponzi scheme that you will be expecting huge returns in a short period of time,so if you come in to the space with that kind of mindset,you need to do away with it because definitely the reverse will be case,and at that point you’ll tend to paint the investments black by tagging it as a scam.
Any crypto related investment is always a long-term project,so the time you give for the accumulation of wealth is what that will pull out that huge returns you were expecting in a short period.

Don’t buy any informations or ideas regarding bitcoin investment when you have not tested it before.I’m talking with experience because that was my initial misconceptions i had,not until i embrace it and the mode of operation was totally different from what i perceived.
 
Tested and Trusted.

When investors intend to embark on a long term investment like buy and hodl,i think he/she must have make good  provision for emergency funds time before now,it is quite obvious that bitcoin investment is pretty different from any other investment you might think of but its returns is always massive.

But its volatility nature and the market price is what prompted every investors in crypto space to take emergency funds serious because it will enables you invest with less emotions and with calculative risk as well.

The importance of the emergency funds in bitcoin investment can never be overemphasize because it helps you not to tamper with your investment and it will also encourages increase in profits in your investments despite the market movement.

As an investor, i think we should try as much as possible to place premium on emergency funds,if only we really want to adopt buy dip and hodl strategy in bitcoin investment,is another way of managing risk.

@Imiau you’ve have done more than enough in this our local board and no vote of thanks can match up to this outstanding gesture you have shown.We are much anticipating to see more of this and looking forward to come across thread-like nature of this type because it really making us to discover our inner abilities in the aspect of content writing.
Many thanks,
Gracia

Whenever  I buy any mutual fund,I will also buy a good gilt,bond and liquid fund too.I always do that.

I usually have 5% money in my debt fund. Then, the moment my equity gain gets to 50-70% of my principal amount and i am seeing that the market is going up very fast without any correction,and it seems there will be some volatility,i will immediately start moving my equity fund money to debt fund and i will stop once i move 50% gain to my debt fund.

There could be some situation where the market will possess false correction,in that case i will still need to wait for reverse-move to my equity fund.

Once market start correction,we don’t know when the market will stop and where,so it is better i move back money to 7-10% correction.

See these condition is not always ideal. Sometime market keeps moving back and forth,in that case i will stop the movement in my portfolio.
But i will still be able to improve my portfolio by 60-70% for the next upward trend.

So my debt fund is only for future plan and fund parking.