Crypto Academy Week 7 Homework Post for @stream4u - Money Management & Portfolio Management

Hello Everyone......

Today I will try to do the homework given by professor @stream4u, which is about money management and portfolio management.

Money Management

source

In everyday life, money is one of the most important things in the economy. Usually we definitely have income and expenses, so this all has a lot to do with how we manage the money. If we can't manage it, without realizing it, the money will run out and we can't enjoy it in the future.

In this case, the science of managing money is very important. By having a good plan and strategy we can manage the money properly and correctly, so that if we can manage our finances well, the benefits we will get will be more focused. Money management is closely related to managing our money on income, expenses and investment.

Future Plans for Money Management

Everyone must have their own plans for the money they have, such as saving, transacting, and investing, so things that must be prepared to manage money properly are:

• Manage finances. We must be able to distinguish which ones are needs and wants, so that we can prioritize needs first so that we get success with our finances. It is not permissible to fulfill our desires but if our desires are higher than our needs, we will get our financial failure. If the needs are met, we can save the money for the future.
• Set goals. In this way it can motivate someone to manage their finances, one of the things that must be done is to invest, there are many ways to invest now, now investing in the cryptocurrency world is booming because of the huge advantages offered such as investing in bitcoin currency. However, we must be smart to see opportunities because otherwise we will get a loss investing in the cryptocurrency world.

Portfolio Management

source

Portfolio management can be said to be the way we manage a collection of assets to achieve our investment goals. Talking about investment, we need 3 main things, namely :

• Capital. Capital is one of the most important aspects of investing. If we have large capital, the opportunity to get profit in investing will be even greater.
• Advantage. As investors, we must be clever at seeing the profit opportunities that we will get from our investments.
• Risk. When talking about profits, it all cannot be separated from the risks that are obtained, if we choose the wrong investment that we will carry out, we will get a loss.

Future Plans for Portfolio Management

In investing, we can choose the type of investment that we will use, from small investments to large investments. Of course, a big investment has a big risk too. Therefore we must be able to see good opportunities to invest.

source

One of the best investments in the cryptocurrency world is to buy a currency that has a great profit opportunity, such as bitcoin. Bitcoin is one of the most popular parts of cryptocurrency today and is ranked 1st in cryptocurrency. We also have to look at other opportunities such as stablecoins, while the stablecoins asset that I recommend is Digix (DGX) by investing in these Crypto assets like we are investing in gold. Because 1 DGX coin is the same value as 1 gram of gold bullion. This asset is also very suitable for us to combine with bitcoin. We can store our temporary assets on Digix when we see a big profit opportunity from bitcoin so we can exchange it for these assets.

Failed to Invest

Talking about failure, I have never experienced a major failure, but by applying financial management and portfolio management carefully and carefully, it can be said that this is a very good solution to minimize failure.

Conclusion

In money management and portfolio management, we must finalize our future plans accurately and carefully, such as investing with a view to great profit opportunities, and we also have to study the types of investments we will make so that we can minimize the risks we get.

that's all I can explain about money management and portfolio management, thank you very much.......

Cc:-
@stream4u
@steemitblog
@steemcurator01
@steemcurator02