Investment Warnings to Know When Investing in Crypto

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We all want to get out of the financial burden. We want to get rid of some of the financial issues that are affecting us and are making our life difficult. Today I wisht o cover a post that covers some of the investment warnings.

So these warnings are going to make it easier for you to understand how to get the most out of the investment. So I wish to cover some of the basic signs of what could go wrong.

Because often the basic warnings we miss and end up in more or less problems for our own self. And something like that needs a change. So this article is basically going to be pointing those mistakes.

Do read the points and let me know if you have thought about them from your own context. I would love to know your perspective on this in the comments.

Let's see the first thing we should be thinking.

Avoid Zero Knowledge

When you get into investment. Don't listen to what other people say. Learn from all then decide what may or may not work for you. This is how most of the people think of when it comes to zero knowledge.

I have realized that having the zero knowledge can be bad because you end up listening to any random advice. And that can lead to some of the really bad outcomes too. So think for your own self and avoid the zero knowledge.

When you want to invest learn first few steps of the knowledge. Some of the time it can get things easier as you learn one thing at a time. And this means you end up moving yourself one step ahead towards further assets of investment.

Investment First. Spending Last.

Most of us worry about our investment later and instead become desperate on what to do and where to spend. And that means spending is coming to our own rescue very last. Something many people don't understand when they are young.

Your approach should be something like this. You spend first and then worry about investment but it should be something like you invest then get some returns and spend those returns. Continue investment till then.

This is some of the approach that needs to be thought about. You have to think of future and do the steps required in the present. I have mostly got my mindset fixed using the same.

What you put is what you get.

Always remember that world has changed. You can't expect to add 10 dollars and expect that to turn into million. Some of the time such type of the amount addition while investment can go wrong as well.

So think of the investment from both loss and profit perspective. Things can get better when you can find out the proper arrangement for your investments. Some of the time this may not work out well but needs to be done with care.

You put in the amount you can lose or choose to invest with some risk. Slowly increase your risk taking capacity and work on what you can get out from the same. Not all the time that would reflect but it can work well if you are being calculative about it.

Know when to rest. When to stop. When to continue.

You don't have to invest every day. That would be good ideally but not from market perspective. Know when not to invest, when to rest and when to stop with your investment. That is something you have to plan.

You have to also learn when to stop. Say some stocks are only profitable upto certain extent. And those things you have to learn about from the experience. Know when to stop and when to take some break for your investment.

You need to learn how to continue. You have to understand how the rest can make sense. Like rest is necessary in our life. And so does the finance. Find out when to stop. This way you would realize the control of the finances in the gaps.

Keep shuffling to adjust to change.

At the end of the post, I want to put on one more warning. Avoid keeping your portfolio stagnant. You have to shuffle the investment. You have to adjust the investment as per the change in the mind.

Like say some of the shuffling can make it easier for your investment to properly calculate in the long term. You would understand what could be right and wrong. So know when to put on some distance in the portfolio in the shuffle.

It takes some years to work on this. It may not happen in one day or the year. But in due time you have to learn to spend the shuffle for the stability. Learn this from the experiments.

What do you think?

This is my views and warnings in case of the investment. I have realized that some of the time we don't understand how to do things unless we are warned on what not to do. So hopefully you would understand this and practice.

What's your opinion? Let me know in the comments :)

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Comments

The points do seem valid, not that experienced so can't give much opinions haha. aynd from the article I feel like you have a good grip over financial knowledge.

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2 years ago

Your first point esmeesmith, Avoid Zero Knowledge, reminds me of when I aped into crypto with zero knowledge and made consistent losses while enriching my supposed Masters/Advisors along the way through referral commissions. We must seek knowledge first. Thank you.

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2 years ago