Crypto Academy Week 7 Homework Post for @stream4u

Hello everyone, it another beautiful week in the crypto academy class.

I will be attending to my homework task for this week.

The professor ask us to talk about:

• Discussed Money Management.

• Future plan on your Money Management.

• Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

• Future plan on your Portfolio Management.

• When was the last investment failed and Why? (those who have experienced this can provide views.)

Discuss Money Management

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Money Management means the way we handle our funds to make more profit.
It simple means the technique we use to make money yield the highest interest-output value for any amount spent.

In the world of crypto money management simple means the process of distributing your funds either big or small in many assets to yield maximum profit at the end of your investment.

Future plan on your Money Management.

I have a very big plan to invest big in cryptocurrency, but my plan are still on hold due to some personal challenges.
But I still consider investing in Real Estate because land never depreciate it usually appreciate, so there is 100% guarantee that I will surely see profit.

Am planning on investing on many things, including precious stones and metals.

Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.

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Portfolio management simple means keeping tracks of your investment, in another word it means managing your investment to maximize your profit.

After you have understand the concept of money management the next thing to do as an investor is your portfolio management because Portfolio management helps either an individual or an organization to determine the success of thier investment either small or big investment.

For now I don't have any portfolio due to some personal challenges, but am hoping to overcome this challenges and start my crypto investment journey as soon as possible

Future plan on your Portfolio Management

Like I stated earlier am still facing some personal challenges so I don't have enough money, but am working hard to earn more on steemit and with that my plan is to invest big in cryptocurrency, and I will be splitting my funds into four equal parts

The first part will be for long term investment, although I am still studying some coin that I think will yield big income in the nearest future

The second part will also be for a long term investment but in this case I am planning to invest on coin with low ranking and value but that had good white paper and project.

The third part of my investment will be for a short term investment probably a month or two and my plan here is to invest on coin that has already have name but still possess a great potential in one or two month time

While the last part of my fund will be for trading, although am still new and I haven't really understand how the trading aspect works, so I consider using the last part of my funds to do some practice on trading and hopefully with the lecture from my professor I know with times I will understand how to trade very well.

When was the last investment failed and Why? (those who have experienced this can provide views.)

Yeah I have one failed investment, it a Ponzi scheme although the money I lost wasn't really much.

In December 2011, 8 days to Christmas my friend introduce me Earner Fx an investment platform that promise a 50% ROI in 7 days, I decided to try with my salary then, so I invested $100 and was expecting $150 after 7 days, the investment was suppose to mature a day before Christmas but 2 days before Christmas I notice the site refuse to open and it was saying error 404, so I called my friend and he said I should wait till the maturity day I waited and still the same error. So I later found out that the site as crashed with any reasons.

Since then I have stop anything related to Ponzi scheme.

To the attention of professor @stream4u this is my homework task

Special mention:

Cc: @steemcurator01

Cc: @steemcurator02