Steemit Crypto Academy Week 7 Task: Money Management & Portfolio Management | lecture by @stream4u
Hello everyone,
First of all, thank you to @stream4u for giving us the opportunity to participate in one of the great classes of lecture 7. Hopefully by completing the class I will be able to learn a lot and benefit a lot which will be of great use to me in the days ahead. Hopefully with the courses you have done I will be able to apply in each case and achieve success.
Professor @stream4u give us the homework on the topics below:
- 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.)
- Conclusion.
Money Management :
Money management is essential to protect or properly use a business or huge capital. In this case, by asking some questions, businessmen can put their real capital in the right place. If one wants to do cryptocurrency business then he must follow money management and it is very important in any other business. Through management, a person can collect information on how much of his total capital is being spent where and how much income is coming from where, and where the investment can be further increased by data mining in the future.
If a person thinks that he will invest and has some capital, then he must first have an idea about the processes of money management. He also needs to know the preparations for the investment and have a good idea about data mining. Because the people who are in the forefront in this world who are making a lot of progress in their business are all following the money management process properly, they are collecting it properly and investing in the right place so that they can move forward.
Future plan on my money management :
Since I am a businessman and I have a lot of plans for cryptocurrency in the future, I will try my best to implement this plan properly and for this I have to make some future plans which are based on complete money management. The plan I have is to first connect with some people and get an idea of some websites from where I can get all the information about my business and the relationship with them. Then I will collect the information and try to sort it out very well and at the same time I will invest to implement my plans very well in a place where I will not have any kind of rickshaw. I never start with a big plan in the future, I start small from the beginning and then I think when I can achieve success. After implementing everything, I will do my best by monitoring all these activities properly. In this I will save some amount of capital.
Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly :
Portfolio Management is a management that if you have some amount of capital investment in the wallet of an exchange, then it is Portfolio Management. This allows you to understand when and where you should invest in volatile situations. Those who want to invest in a place first should definitely start from a small place. Money management procedures can be followed properly but portfolio management will help you a lot. Below are some screenshots of my investment.
Future plan on your Portfolio Management :
I have a big plan for portfolio management that I am going to implement in the future. I will wait a few more years to increase my investments through this management. First I will invest some amount on many coins and I can easily see those investments in the wallets of different exchanges. In this case, I will realize that by mining, I can reach my highest desired destination by going on or towards any coin.
Failed Investment experience :
It goes without saying that I do not have any kind of Failed Investment experience. Because I am very new to this cryptocurrency. So I don't know about Failed Investment experience. But I have learned through my professors how to achieve a successful investment experience. And I'm moving forward with that goal. I hope to be able to invest very quickly and through data mining I can understand where and how to invest so that I can achieve success.
Conclusion :
I would like to give a suggestion to everyone and from this list I have learned that if we know and apply the questions of money management and portfolio management properly when starting a business then we can surely cross the paths successfully.
Thank you for reading my post.
Hi @radoan
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.
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