Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management homework by @janemorane

Hello Everyone!

Today i have attended one more lecture of professor @stream4u and i found out how important money management is and i am also one of those persons who believes on money management and investments.
Let's start our home work task week #7 which is Money management and portfolio Management.

HOMEWORK TASK #7

Money Management

Money management for me is a very smart thing everyone should follow because in money management the money you keep to invest for future is secure and gets profitable. How money managements works? well in money management you manage your money and divide it into 3-4 parts and than invest all of them into different places and in case of crypto you will invest your money in different coins and through this the money you invest will not lose at once I'll tell you how, in this way if one coin prize gets down but the other three are going high than only you will not lose all the 4 parts of money and only one will get downwards but the other 3 coins you have invest in, will get high and give you more profit and in this way you have secure your assets in different ways so you will not have fear of losing them all at once.

Future plans of Money Management

My future plan for money management is that i am thinking to invest some of my savings to penny cryptocurrency because now i am student and do not have that much money to invest in big crypto and that's why penny crypto currencies will be more profitable for me in the future.
But for sure i have plan to invest one part of my capital into some long term profitable currencies, in this way my money will not get down at once and i can get good profit at the right time.

Portfolio Management

Portfolio management means the collection of all your investments or your assets and it consists of 3 -4 different assets means that portfolio should include all your assets you have invested in and for that you will have to follow the money management because only than you can make your portfolio beneficial and when you have already decided and looked over some assets than it will be easy for you to invest when the right time comes and that is the most important thing that you get more profit when you manage your portfolio.

Future plan on your Portfolio Management

I am not having any portfolio right now because I have not yet invested in any of the asset because i am still student and do not have my own portfolio.
But yes i am having some strong plans for the future as I will be dividing my capital into 4 parts and will than make portfolio of the assets I will invest in the future and will invest my capital on the right time right moment comes.

failed investments ?

No, currently i do not have any failed investment because i am very new and just entered this new world of crypto and that's why i do not have that much experience and do not have any failed investments right now but i think if will invest my capital according to money management and make a proper portfolio and invest in right time than i will never get fail in future.

Conclusion

Conclusion of the task is one must divide his/her capital into 3-4 parts and than invest them into different assets in order to get profit and not lose all the capital at once.

Professor @stream4u here is my home work task for week #7 , Money management and Portfolio Management.

Special Mentions To @steemcurator01 and @steemcurator02 to get their support.

REGARDS
🌸 @janemorane 🌸