Creative Writing: Some Things to Know Before Making Investments
Hello good people... steem greetings. Most at times we rush into investments just after hearing the good part of it. We forget the risks behind it. Many of us have made investments that we cannot explain detailly how it works. We just dive into it because of the profit s. I'm sure most of us have learned from that kind of experience and for those who haven't fallen victim here, I recommend you read this.
cover photo edited by me on pixellab
Don't Invest in Something You Don't Understand
Like I mentioned in my intoduction most of us have dived or are planning to dive in an investment scheme we don't understand. We just here of something with wonderful profits and requires little work and there we are pumping thousands into it. Of we are asked to explain we can't do so fluently. That's the first sign that you are joking with your money.
Invest an Amount You are Comfortable Using
This one is actually funny but it's true though. We can be cautious but we can't predict the outcomes all the time. So whatever amount you are putting in you should bear in mind that you can make profits as well as loss everything.
Spend Time and Money to Educate Yourself
One of the best investments you can make for yourself is acquiring more knowledge. If it means paying money and taking a course so as to have more knowledge on what you want to invest in then I recommend you should. Making Investments like you are playing parifoot is one big bad idea. Make sure you learn everything about what you are investing in.
Upvoted! Thank you for supporting witness @jswit.
I can see your really a business student in deed seriously school is going through you😂😂😂
Hahahaha
Yh yh u got that part right
Ya I got it 😎 was afraid that you want to add
Also it's good to invest in something that you love doing or you are passionate about.
Noted
With what you are saying, almost every body has fallen victim. There was a time that one of my neighbor were buying plots, later again he bought a bike. I said let's me find out what this boy is doing which he said was forex. After saying l have studied for few months, l started pumping money before I realized that what I was doing, the forex has wipe quite an amount from me.
Wehhhh so sorry to hear that
Like the trading one can say it takes a lot of time and knowledge to gain experience. Those are the fields that one need to have much money before going there
Hahahaha true
Its true u loosing an amount you couldnt afford is aching
Certainly
Some people invest in crypto and gain why others cry
Hahahaha na so the world ei dey
You are right about that