Can you share any insights for the 4-6 steps ahead, even in a DM?
I invest & trade too but been on break. Looking to be more active again latter half of the year, and just researching / getting hearing perspectives until then
Diversification is the key. Take any earnings/gains from the market casino and roll them into tangible assets (gold, silver, land, buildings, etc.) and assets not dependent on the market directly (crypto).
Over time you should have about 50% of wealth in market and 50% distributed in the other assets. 10-15% in fiat currency is a safe position.
Cool, it is common sense really gained with experience ;) I used to be one of those that wold condemn investing in the market because I did not understand how the game is played.
Most believe currency = wealth but in fact it is just a tool if used properly can get you to wealth.
PS. Ideally at least 20% of your non-market assets should be generating some income/return.
You think that because you do not know anything about crypto and are forming your opinions based on mainstream sound bites and headlines. It is essential for conducting international commerce without the banks and state mafia breathing down your neck.
Like anything it has risks, but those can be managed easily.
If you want to gain some fundamental knowledge about cryptocurrency start here.
If you hold fiat currency you have already lost 80% in the last 10 years.
Anything in the market is disposable. I am 4-6 steps ahead of any scenario you can come up with.
Can you share any insights for the 4-6 steps ahead, even in a DM?
I invest & trade too but been on break. Looking to be more active again latter half of the year, and just researching / getting hearing perspectives until then
Diversification is the key. Take any earnings/gains from the market casino and roll them into tangible assets (gold, silver, land, buildings, etc.) and assets not dependent on the market directly (crypto).
Over time you should have about 50% of wealth in market and 50% distributed in the other assets. 10-15% in fiat currency is a safe position.
Yeah that's actually sums up my current position already
Cool, it is common sense really gained with experience ;) I used to be one of those that wold condemn investing in the market because I did not understand how the game is played.
Most believe currency = wealth but in fact it is just a tool if used properly can get you to wealth.
PS. Ideally at least 20% of your non-market assets should be generating some income/return.
I was with you until you said "crypto" ... that's even worse than fiat.
You think that because you do not know anything about crypto and are forming your opinions based on mainstream sound bites and headlines. It is essential for conducting international commerce without the banks and state mafia breathing down your neck.
Like anything it has risks, but those can be managed easily.
If you want to gain some fundamental knowledge about cryptocurrency start here.
https://moneromeans.money/