Crypto Academy Week 7- Homework post for professor @stream4u on money management and portfolio management Homework by @justvalerie

1. DISCUSS MONEY MANAGEMENT

In time past, I'm sure we've been in situations where we were so sure that investing in a particular asset at a point would yield really huge returns and put all our capital into it with high hopes only to end up wrong and heartbroken. Predictions are not totally doubt free and you have to learn to invest wisely.
Money management teaches us to scout for assets that we think might yield good results, sharing our capital into fractions and investing each fraction wisely. Don't put all your funds in one asset but conduct proper research and diversify so you could find other profitable assets as well.
This will help prevent you from suffering from huge losses you can hardly recover from as;
Firstly, you would only be losing a certain percentage of your capital and not all
Secondly, you could also recover more easily from losses made as other trades could bridge the gap.

Link

1. FUTURE PLAN ON MY MONEY MANAGEMENT

In the future, I would endeavor to conduct a proper research and not just hopping on the trend at the moment. After conducting my research, I'll try to split my capital and place in different possible good investments to be able to maximize the chances of more profit and minimize the possibility of total loss.

PORTFOLIO MANAGEMENT

Your portfolio shows all your investments and the overview of information concerning each one of them.
Your portfolio should ideally, contain not just one but different assets you invested in even if you think your capital is too low, you should try splitting and making proper research so you carefully choose your investments. This will maximize your overall chances of making good profits from investments.
I currently do not have a portfolio I can show off as I'm still trying to gather enough data and essential funds to make investments.

FUTURE PLAN ON PORTFOLIO MANAGEMENT

I plan on having a portfolio showing a good number of investments in the future, done after well thought out decisions and proper research rather than being too greedy. I hope to be able to practice this soon and it's why I'm grateful for this lecture by @stream4u

WHEN WAS THE LAST INVESTMENT FAILED AND WHY?
Like I said earlier, I don't really have a lot of experiences but there was this one time I made an attempt.
A lot of people had been talking about this platform that dealt on bitcoins and said something about trading. I didn't understand any of it and how it worked then but greed pushed me to try nevertheless. People told me if I didn't know how to trade, they would do so for me and take a percentage of my profit. I bought some amount of bitcoin and got such huge returns that I eagerly borrowed some money to invest more.
I didn't get any returns again as they said they ran into some losses and gave vague explanations which again I didn't understand, leaving me heartbroken. I didn't ask for charts to know how things were going or any of such as I knew nothing about it and that was why I made such a bad decision and I'm very sure I would never do something like that again. I'm so glad now that I'm learning all these and identifying my mistakes.
In summary,

1. Learn to share your funds and make the right investments.
2. Make sure you conduct proper research before going into such things.
3. Your portfolio contains all your investments and you should endeavor to have a good one having a good number of different investments.

I hope you enjoyed reading this and learned from me also.

Cc:
@stream4u
@steemcurator01
@steemcurator02
@steemitblog