Steemit Crypto Academy Week 7 Task: Money Management & Portfolio Management by @swetatiwari

• Money management
• Portfolio management
  Money Management:

Money management in defined as the management of money before investing or trading in cryptocurrencies. It means that investor or trader should not invest or trade his/her money in one asset/coin. They must me divided there money into 2 to 5 parts. And then invest those parts in different cryptocurrencies. This is the management of money which helps peoples to gain more profit from cryptocurrencies. It is not depend on which capital you invest in, it is depended on how many part of money you want to invest in different assets. If you invest all of your money in just one assets then it will be risky for you because if that assets will go down then you will lost your all money. To conquer this risk, money management is important.

What you need to do:
You just need to divide your total money into 2 to 5 sub parts. And then select some cryptocurrencies on which you want to invest, then invest your one sub part of money into one asset/coin.

What you not need to do:
You just not need to invest your all money in one asset whether it was a large capital, mid capital or small capital. You just need to do money management before investing in cryptocurrencies.

My Future Plan On Money Management:
In future, if i will have some extra money then i planned to managed that money into some parts. I invest that money into different cryptocurrencies because they are less risky than others. I selected some good penny cryptocurrencies. Then i add those coins in my watchlist. Then i researched on some penny cryptocurrencies. I watched there graphs, ups and down on daily basis. After proper research, then i invest my managed money in those coins. That's my future plan on money management.

Portfolio Management:

This management is known as the collection of assets on which you want to invest your money. It means, selection of cryptocurrencies of any capital for investment is called Portfolio management. Like i said in my future plan on money management, if you want to gain more profit without taking many risk, so you should have to do money management and then portfolio management.
They both are depended on each other. Money management is important to break your money into sub parts and then portfolio management is also important to selecting assets on which you will invest your money.

If you have an investment and if it is okay with you then show portfolio and explore it briefly?
I am not having any experience in this digital world. But i planned to invest my money in this unpredictable world.

My Future Plan on Portfolio Management:
My future planning on portfolio management include these things,

• Select those coins which gives profit. Means those coins which are pumped up in recent days and will be go up in coming days.
• Manage my money, and think how many money should invest in one coin.
• Research on selected coin for better understanding of there growth and decline.
• When perfect time comes, invest my money on those coins.
  This is my future planning on Portfolio Management.

When was the last investment failed and Why?

I am not having any experience of investing in cryptocurrencies but i have a friend who invested his 3,297$ in different cryptocurrencies. It was his bad luck, many currencies on which he invested were go down and he lost many money. :(
Currently he hold that investment and hope that those coins will pump in coming weeks then he will sell them to gain some profit.

This is the list which was shared by my friend who invested his money in these listed coins but unfortunately he could not gain profit.

Thankyou for reading my post. That's it from my side. Hope you like it.

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