Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management. @jose6

in SteemitCryptoAcademy3 years ago (edited)



imagen.png
Source



Discussed Money Management.

How to manage our money and how to invest it correctly is a topic that today is very good to understand, since sometimes we have money saved and we do not know what to do with it, or we simply get a good investment and with the fact that That it is at a low price does not mean that it is a good investment, not many people know it and they end up making one of the worst mistakes of their life as an investor. To make a good investment, we must apply a lot the knowledge of how things flow in the financial market, without knowing that, I recommend that you do not invest because you will be doing it to your own devices. And it is not good to do that continuously.


Future plan on your Money Management.

We must all have future plans for when we retire from our work to be able to live on what we have invested, I work as a nurse and for years I have taken advantage of everything that I do and my wife we invest in fixing our house and in our family, to give them everything they deserve and that we all have a normal life. For a couple of months I have talked with my wife about our investment in the future, and we have discussed many issues in relation to cryptocurrencies, which is a very broad market topic and very risky if you do not know it, as well as how you can win, You can lose, she and I, together we are learning a lot and expanding our knowledge for when we decide to invest in some cryptocurrencies, do it right.


Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

We are still not clear about which currencies to invest in, we are taking some time to discuss which ones are the most appropriate and we will make the decision, look for a way to create my portfolio to see the movement of the current currency.

imagen.png
Source


imagen.png
Source


imagen.png
Source


imagen.png
Source



Future plan on your Portfolio Management.

Through studies carried out on cryptocurrency investments, the best thing to do depends on your income is to invest in 5 different currencies, because not all of them fluctuate in the same way, and their variation and difference in value is very large with each other. I will look for some coins that cost a few dollars or maybe pennies and that fits our income, income that we generate with savings and royalties, money that we do not use and is paralyzed for the moment.


When was the last investment failed and Why? (those who have experienced this can provide views.)

A relative was excellent in some of his investments with cryptocurrencies in 2018, he was able to buy his car and his house with his investment since he bought very cheap coins and sold them when they rose in price, that transmits that it is possible to make our dreams with a lot of effort, my wife and I will study the currencies that he invested and we will take his advice to take them into account in our situation.


Conclusion

A good investment can change your life, but for that to happen it is important to know that you have to focus on your goal, conduct studies on what you really want and if you are not currently achieving it, take another path to make them come true, yes. You want to invest in cryptocurrencies, you have to know that there are times when you need a lot of luck to make things go well for you. You have to risk to win.



thanks to:
@stream4u
@steemitblog
@steemcurator01
@steemcurator02


Sort:  

Hi @jose6

Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.

Review Visit Level
Task Remark
Comment
Guidance, Feedback, Suggestions
Grade
Verification (Done, Hold)
First
Completed
Explained Well. But in management and future plan you could try to explain like what to do and what not to do based on your understanding on it with crypto assets details.
Looks fine, but focus on post presentation, use markdown to highlight the important note, break sentances.
6
Done

Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th course.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

Well discuss about keeping the accounts and the profile in a systematic way. Thanks ... a lot

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 64081.52
ETH 3398.85
USDT 1.00
SBD 2.62