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

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Greetings everyone I am very happy to be back with all of you today we will talk about money management and wallets how to invest in how many currencies we are going to invest and how our decisions influence our capital, very important to build a base that is solid in terms of investment is to get more benefits with different currencies and lower the risk of losses.



Money and wallet management.

We all want to talk about how to grow our money so we think a lot about managing where and how to invest as there are many digital worlds there is the stock market, cryptocurrencies, and independent assets i will focus on cryptocurrencies to achieve my financial freedom in the lecture of professor @stream4u we read several options that we have available in terms of how to manage our capital. this we will see in the following topics that we will discuss.



Money management discussed.

We are going to work with very volatile digital cryptocurrencies we have to keep in mind that it is not a game, thanks to these courses we can learn how when and where we can manage our capital which currencies to use and how much capital we should invest, really the capital does not matter but if in the diversification of it, we are clear that if you put everything in a mule and you go down a mountain and it falls you will lose everything in it but if you have 2 mules and you divide it and one of them falls you will have safe 1 you would not lose everything. The same thing happens with digital currencies they go down and up and we do not know in what time they do it while this happens we can even divide them we will buy from 2 to 5 coins we open a portfolio and we make a follow up of them.



Plan for the future on how to manage your money.

My future plan is to be a trading I want to dedicate myself full time to manage the necessary techniques to be able to trade without so much risk, also to have a portfolio of currencies at least 10 of them to maintain a positive stability in my investment now I am generating my initial capital.

I for example opened a portfolio of coins that I like and I have them currently in the process of buying to within a not very long period to invest in those coins that you see potential for growth in the short and long term. there is a coin that launched yesterday the v3 is called UNI of Uniswap this coin on May 5 will launch mainnet of L1 with an implementation of L2 to follow a little later. this will generate a boom in the currency and pump do not know how much can come but my opinion is to leave a seed before this happens.

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Analyzed portfolio management, if you have an investment and it suits you, show the portfolio and explain it briefly.

Currently I do not own a portfolio I am working on it but if as I spoke earlier I have a buy order in (UNI) with a low capital of invernizo I am looking at this coin for some time with a desire, the coin does not go below $29 and fluctuates between $30 to $35 what you can deduce that this coin you can generate money much faster than with others in the market well I tell you in this there is nothing safe, the risk you will take at your discretion this is my low range investment. I am working on my portfolio currently with micro coins and the BTC I will work it in the long term.



Plan for the future in managing your portfolio.

The future no one knows for sure what will happen in your future and what obstacles you have to break in order to achieve our goal mine is FINANCIAL FREEDOM yours I know it is too, so I am studying day by day in my portfolio in generating capital to be invested in digital currencies having the knowledge and clear goals I can depend on this activity and be every time bigger thanks to all the teachers and the hosts of this conference I have learned more and more my favorite currencies are (UNI) , (BTC) , (ETH) , (STEEM) , (TUSD) here we can see several very large and very small coins also stable coins to safeguard my capital when there is some pumping of one of these coins, all are excellent and each has a different purpose.

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my wallet in binance



When did the last investment fail and why? (those who have experienced this can provide information).

The truth is that i have never failed with digital currencies but in real life with the purchase of centralized products, i don't know well the risks with respect to the raw material to make ice cream, my case was buy a lot of raw material at a stable price but in my country the money is devalued daily in a very fast way so i have to change daily the currency to usd in my country venezuela, every time you sell a production of ice cream has a cost in bss (currency of my country) for example the cost of 1 pack of ice cream is 1000bss = 100USD with those 100o in the afternoon you can buy 97$ m failure was not to measure the volatility of the market so I did not generate any profit and rather I got losses this same thing happens with cryptocurrencies so we have to be very cautious when investing.



IN CONCLUSION

The diversification of each currency has a purpose to keep stable your initial capital and make it grow more and more in terms of movements choose the currency and divide the capital will be on your side, through a good research you can achieve acquire that knowledge that will make your dreams come true financial freedom not depend on a slave labor and have more time for your family.



CC:
@stream4u
@steemcurator01
@steemcurator02


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Hi @perozo23

Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.

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Looks fine, but you also need to focus on the post presentation, use markdown syntax to highlight important notes, break sentences.
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Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th course.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

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