STEEM CRYPTO ACADEMY WEEK 7 HOMEWORK POST FOR @stream4u ; MONEY MANAGEMENT AND PORTFOLIO MANAGEMENT

Thank you so much professor @stream4u for the lesson. It was simple and precise. Below is my homework task for this week. Please join me!

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MONEY MANAGEMENT

Money management has to do with doing an analysis of your total income, and deciding on the amount to be consumed and used for our daily needs as well as the percentage to be set aside for investment.

In order to manage our money well, these investments should not be done non challantly without due technical analysis to determine the worthwhileness of such.

With this, it is better to undertake a technical analysis of some assets, study the performance of those assets, and then select about two to three of those assets whose indicator signifies a buy signal and invest our money in bits on them to avoid huge losses in an event of false indication.

FUTURE PLANS ON MONEY MANAGEMENT

Everything about Investments is risk, there is no investment without a percentage of risk in it. But what will help is a thorough analysis and critical study to realize the assets that will make profit. Therefore, the advice and knowledge gathered from this lesson will help me manage my money well by sharing and spreading it into several investments.

PORTFOLIO MANAGEMENT
Portfolio management has to do with spreading your investment capital into two or more assets so that if the value of one investment is negative due to a declining movement, the profit recovered from the other will cover it.

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For instance, if one buys and hold three assets say TRX, Ether and CAKE, if the investment in cake has a negative return, there is a probability that Ether and/or TRX will have a positive growth. The profit recovered from Ether and TRX will cover the losses incurred with CAKE.

I do not have any portfolio investments for now but with the knowledge from this lesson, I hope to create one and invest in them.

FUTURE PLANS ON PORTFOLIO INVESTMENTS

Investing without doing any analysis is very risky. Similarly, selecting assets to invest in without monitoring the performance of such assets is also risky.

So for me, I'm really looking forward to having productive investments by managing my portfolio well. This would be done by setting a watchlist and also carrying out a technical analysis to select from them; having in mind that the chances of losing everything is very slim.

MY LOST INVESTMENTS?

Thankfully, I don't think I have had a failed investment before. It is not pleasant at all as I have a friend who lost so much in a day due to bad analysis. I am also hopeful that with all I've learnt on the Steem crypto academy, failed investments will be minimal if not completely eliminated.

CONCLUSION

Investment is a beautiful thing. Some Investments can change your life in a relatively short time. But for this to become possible, one has to be extremely careful in selecting and managing the investment options available so as not to make mistakes.

Doing a technical analysis and setting a watchlist can go a long way in assisting investors in making investment decisions. Spreading your capital to different investments is also advised.
Thank you so much for stopping by! I really appreciate.

Cc:
@steemitblog
@steemcurator01
@steemcurator02
@stream4u