Contest Alert! My Investment, My Choice

It's my pleasure to participate in this contest organised by @steemdoctor1, investment is very important in humans life without good investment it can be hard for some people to prosper.

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Where do you invest your 5000$ and why?

Poultry feeds is one of the lucrative business that's very popular in Nigeria because majority of the household are into rearing of chicken and turkey.

Some people sell the chicken and turkey for final consumers while others consume it in their various house, I will invest part of the money which is $2,500 to stock different variety of poultry feeds in my shop.

I will also invest the remaining $2,500 into any cryptocurrency of my choice because blockchain is the future of digital currency where people around the world have make million of dollar

What possible benefits will you get by investing your money there?

Majority of people in Nigeria are into agricultural business, continuity in that business will make me an experts so that I can have full knowledge of the business.

Poultry feed business and crypto require patience, both of them also have a lot of benefits especially when the buyers always patronise what you are selling.

Good location determine the success of the business particularly when it close to poultry farmers or market place. In addition, during bull market majority of crypto holders cash out big time because it is the best moment where they gain good profit.

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What risks are involved while investing your money in your chosen market?

The only things that can affect the poultry feeds business is rain or water. Once the water mistakenly pour on the feed it will totally spoil or make the feed watery. In that moment no customers will buy such products.

In cryptocurrency, traders invest their money at their own risk particularly when the market fall. The novice traders usually fall victim, they are newbie who does not have knowledge about how technical analysis work.

Conclusion

Investing in any business of your choice have help so many people to be successful in this life. People need to have full knowledge on any business they want to invest into.

I would like to invite @goodybest, @amoakdaniel, @abu70, @writer123 and @salifu to share their own view in this amazing contest.

Best regards
@akareen