Steemit Crypto Academy | Homework Task 7 For @stream4u// Future Plan with My Money management // @sammylinks

in SteemitCryptoAcademy4 years ago (edited)

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Hello everyone,
I'm very grateful to make this post strictly based on whatever I benefited from the lecture of this week from our crypto-professor @stream4u which focused on "Money Management" and how we can invest and control our portfolio effectively.

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MONEY MANAGEMENT

Money management is a vital aspect of resources control or management. It is very important because if it is not properly managed, it will get wastage and will not grow. So since money can grow, not as a living things per say but can yield other incomes and increase in worth too.

There is no problem with the making of money but there is, in saving and investing it wisely.

This is a intelligent saying in my place which is very correct and can apply in all our human affairs since all of them involves money to function properly. It is a natural believes that whenever we engage in a geniune business or work and take it very serious and apply every policies and good strategies into it, it will fetch us money or income. That's true, look out for whatever in need or problem, provide a solution to such problem, then smile to the banks.

However, as with the money, it is best to invest them. Cryptocurrencies trading is the modern trend of business with huge profits with little or no losses. It is an open platform that beckon on many new or older users to invest into it but wisely. Whenever, we invest our money into this avenue wisely based on the technical knowledge acquired from the lessons of week 3 till week 6. The investor must surely rejoice because of this move than having that money domiciled in the bank, often used by them to make more money for themselves only.

Whenever we invest our money, it is better to fragmented it and invest in the arrays of digital coins as this week lesson taught us. It is very important because it is not wise to "put all our eggs inside one basket" to avoid loss or redundant growth due to the fact that some coins have the different potentials, some on small scale profit or loss within a set time while others with huge growth within that time too. When we invest into different digital coins, another thing happens, how can we manage our portfolio wisely?

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PORTFOLIO

Portfolio is the term given to investing in several coins and managing them effectively. To manage a portfolio wisely, it a huge task that will need our technical knowledge and skills. Failure to manage our portfolio wisely can lead to losses and such is very bad for us. Our investment can lost and will not increase whenever we fail to control it wisely. Equipped with charts and other tools, we should study the trend of any coin with our investment and know when to increase the asset or reduce it to avoid wastage or to maximized profits. With the huge profits gotten from the effective management of all our assets on our portfolio, we should have future plans.

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FUTURE PLAN

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All that we are careful doing now is to have a blissful future. Although future is uncertain but with great plans, it will be a happy days. Here, I will list Two of my plans for the future based solely on my sojourn on crypto-world.

  • To invest More.
    Investment is the only sure way to secure a wonderful future. I will invest more with fiat money into acquire more coins like what this contest @power4soar that I participate fully encouraged. I will engaged in more powered up contest to have a robust steem power to boost my asset on steemit and did same to other digital coins that of my interest.

  • To learn more technical skills
    I want to be more proficient like many of our crypto-professors @stream4u, @gbenga, @yohan2on, @besticofinder and others on this @cryptoacademy. To be like them or more, I want to acquire more knowledge and skills. I have follow all the lesson from this our class and engage in other areas to learn more. All these knowledge and skills will be very important for me in the future.

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I'm very grateful to the our crypto-professor @stream4u, @steemcurator01, @steemcurator02 and @steemitblog for all these insights and curations.

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All pictures or text gotten from other sources are correctly referenced and this post is original.

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Hi @sammylinks

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

Review Visit Level
Task Remark
Comment
Guidance, Feedback, Suggestions
Grade
Verification (Done, Hold)
First
Completed
Good, explained well, but short view given on future plans, you could try for to show preparation, aim/targets, assests examples that you are planning.
Try to explore subject as much as possible with examples but in simple term.
6
Done

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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