Investment during the holiday season
It is said that the December season is the Holiday season and most companies don't plan any big things during this season. The investments are also very minimal during this season as people save up a lot of money and wait for the bright season. Due to holiday expenses and festival expenses, people will run short of money. I have heard that some companies also help their employees by doing a double payroll during the month of December to provide additional support for year-end planning.
Holiday planning is the most interesting part here than investment planning. I personally have decided to take a few days off during the end of the month and if I do so, I would get close to 10 days off during the end of the month. The expenses will be very high and people might want to spend their money than save up. In spite of that, if we do proper planning and invest our money right now, we will be all set for the bull market. I would also recommend that we shouldn't be compromising on our holiday expenses either. Along with making money, creating memories is also very important in our lives and there shouldn't be any compromises. Being with the family and enjoying with the family is very important too.
Investment and planning
We are currently in the bear market trend and it is expected that it can take a while before we see the bull run again. I remember that when I started my journey in crypto about 4 years back, December and January month was the peak month for crypto and the price of all the cryptocurrencies were at their peak. But luckily I was able to do a small investment and was also able to get the returns back from that and that boosted my confidence.
I personally think that this is the time when we relax inside our den and keep accumulating crypto. The market is for bears now and what bears do is relax and wait for the bull run. Doing a dollar cost averaging is also a good strategy right now and this will reduce our investment value further down and make it easier for us to break even if the price starts improving. That's one important aspect of our investment planning.
Good to avoid risk investments
As it is the holiday season, we would need a lot of money this month to plan our expenses. For people who are daily traders, this month should be a careful month. We shouldn't be planning any big risk-based investments or short-team risk investments. It is ideal only to spend money that is available extra and we should save the money for year-end expenses and family expenses.
I understand that some investments are attractive and we want to do it right now because the price is very attractive. There is also a high chance that it may not turn around very well. It is also believed that there can be a recession next year and it would be wise to save up all the money we have if at something like that happens.
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