Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management.

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MONEY MANAGEMENT

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Money management, also known as investment management, is the process of keeping track of one's expenses, investing, budgeting, banking, and calculating taxes on one's money. Basically you have the authority to manage in your assets but there are many institutions or companies that can help you manage your money, investments or expenses.


They are there to help you manage and keeps you away from or cut unnecessary expenses by that I mean too much spending on luxuries, logically or to explain it in simple way this is just a smarter way of spending and investing. Tho we often heard money management systems like financial assistance usually associated with bank corps.


Individual customers receive money management services from private banking financial advisors. Corporate clients benefit from commercial banking's money management services. Money management is also known as portfolio management and investment management in the financial markets. Financial professionals are in charge of managing investments and making investment decisions for large groups of money.

MY MONEY MANAGEMENT FUTURE PLANS

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I actually invested before in some of the popular insurance company but I want to try to spend or allot my money in a traditional busines like a clothing brand. Actually I am currently managing a startup clothing business, which we will registered as a small business so this is one of my future plans.

Hopefully I'll earn some more with the likes of this platform to help me in diversifying my investments in the future. Ofcourse I want to invest in cryptocurrency too which I had done a couple of years ago. I mean learning from Steemit Crypto Academy for sure helps me in learning and managing my plans particulary with the decision of my future assets.

PORTFOLIO MANAGEMENT

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Portfolio Management tackles the idea of being organize and that efficient attention to details with regards to diversifying your assets in 3,4 or more parts. This includes your time to take a look on how to balance the highs or lows of the risks your assets or money. You can use different apps in managing your portfolio.

The journey, like everything else in portfolio management, is determined by the destination. So, as always, the first thing you should do is rely on your financial planning. What are your financial goals, according to your financial planning? What are your objectives? What are your plans for the future? That'll be the driving force behind the method you employ to get there.

MY PORTFOLIO MANAGEMENT FUTURE PLANS

Well as of the moment i don't currently have the luxury to diversify my money, assets or crypto but if fate strucks me soon ofcourse with hardwork and perseverance and when that time arrives then I would likely want to study and learn about 3 or 4 cryptos. In these cryptos maybe I'll balance the high and low risks so the chance of me losing my money is not high but rather to gain more.


I also want to put some in the stock markets and just like I mentioned earlier to put some in my traditional business. I will use ofcourse some portfolio management apps that could also help me in monitoring what is the current situations of my diversified investments.

INVESTMENT FAILURE

To be honest with you guys, I failed misserably in a lot of my crypto investments If I remember correctly it was three years ago and it took a toll on me. I mean the lack of assertiveness and discipline on handling my assets even tho I look at my portfolio almost everytime.

Tho all that came from a little money I invest when BTC hits its ATH in late 2017 or early 2018 I think, but failing to manage all of that earning is still considered a failure. I learned a lot from that mistake and for me personally this is one of the greatest move by Steemit particularly the Steemit Crypto Academy where it educates us to minimize the failure while also helping us to manage what we will earn here or even outside steemit.

CONCLUSION

To sum it up learning about money management and portfolio management is the foundation if you want to gain assets from your investments. These two can't be separated and as I mention foundation just like how you start constructing a building the foundation is the first step without it the building can't stand.

Basically learning about these two important parts should be your priority before risking your money in any kinds of investment you cannot skip it.

Special regards and thanks to;
Cc: @steemcurator01
Cc: @steemcurator02
Cc: @steemitblog
Cc: @stream4u