Crypto Academy Week 7 Homework Post for @stream4u// Money Management

Hello guys,
Thanks to @stream4u for the wonderful lecture on Money Management
Homework

---

Money management

Money management is a financial ideology of how to maintain certain resources, or fund or capital on different projects or investment.How does it works.
The idea is to separate and divide our available resources and investment them on different investments: It is too risky to invest on just one project because it might fail and investors incurring loss at last.Money management ideology were built to reduce spending of funds on products which are of no importance or which do not contribute to the future plan or standards of corporate organizations, firms or that of individuals. This policy help individual to access different business opportunities and assets with their resources in a tactical way.

---

Future plan on your Money Management

Naturally, the way I was brought up, I use to make plans. My mom use to tell me that as a lady, I need to learn to manage funds and capital in the house. Because I will have to maintain things in the house when the breadwinner is financially down. How do I do this? I will divide the available fund given to me at the early days of the month, and use it in dealing with stuffs in the house one after the other. This principle mastered me till I am grown up. I like to diversify.
As been said in the lecture, I will like to advance into Money management strategy, so that I can continuously manage my funds and build my investment life with the ideology. I am confident of catching up within a twinkle of an eye.

---

Picture Credit

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

Portfolio Management

Portfolio is a list of assets that are been aquired, and particularly settled aside to be tracked and follow their updates.
Portfolio management then means that various assets are chosen, handled accordingly, and monitored closely, be it that the assets are meant for a short or long term. Portfolio management requires detailed consideration, in particular when weighing the strengths and disadvantages of any investment in your portfolio.
In a short therm... Portfolio management is a style of maintaining, monitoring, deciding on a list of aquired assets.

Presently, I don't have an investment that I would have love to show and explore. But I am planning on starting something.

---

Future plan on your Portfolio Management.

The Crypto academy that was organized has been helping so much in learning new and interesting things about blockchain and cryptocurrency. Now I am seeing this moment as an opportunity to organize and start something new.
I am planning on investing on at least 2 assets very soon, perhaps, that will be after I have done my research. And I will manage my capital very well, since Money management is one essential thing we need to consider as an investor.

---

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

That was 2 years back when I heard about deals.weku.io, it was actually rising in fame when it started, and they seem to be promising. I read an article when they wanted to list it on bitshare that one weku token price will be 0.5bts. Then I saw someone who wanted to sell some of her weku coin, I bought it, and when it was listed on the exchange, the price was really good. But within 2 days, it was dumped to shit. Until now, weku coin haven't seen the moon. I hope weku coin make sense in the future (if that's still possible). Weku coin locked my capital completely for almost 2 years with nothing to show for it.

---

Conclusion

What I learned best from the lecture done by professor @stream4u and my experience from my failed investment is the fact that I don't want to spend all money in a single currency, Money management would have prevented me from making that decision of investment my hard earned capital into just one project. I have learned a lot now from this lecture.