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RE: Get Inspired by a Few Quotes about Diversification of Your Investments (Putting Your Eggs in Multiple Baskets Instead of Just One)
I agree 100%.
When investing we need to spread the risk, have a diverse portfolio.
Personally I even have time defined portfolio books, so I have a longterm book, a midterm book and speculation trades. I find that is the safest and most profitable way to invest:)
That sounds cool. Could you tell a little bit more on how it works with those 'books'? How did you come up with them and how do you use them?
Well, it's just forex lingo for portfolios.
In my longterm portfolio I have funds and BTC. I used to invest in forex carry trades, but they are more uncertain now. Since my other investments rely more on USD I tend to avoid american or tech funds.
Midterm is commodities, indicies and fiat currencies. I avoid markets with a negative daily interest swap, but other than that all good prospects are fair game:)
Short term I normally trade currencies. Since I hold my positions for only a few hours I normally do not worry about swaps, but I pay attention to the spread.
Cheers!
Ahh, now I get it. Sorry, was not familiar with the term ;-)
Sounds like a good build up man! Would be awesome to be able to read about your adventures within your total portfolio. Are you planning to write about it one Steemit?
That is actually a good idea:)
I might write about my investment approach in a more general way. I am not sure if sharing actual positions is a good idea since newbies might misinterpret it as investment tips...
What I am planning to post is a 6 to 10 post trading course to introduce newbies to the consepts of trading and money management.
Cheers!
True, you'll have to find the right balance between sharing everything or nothing. Things don't have to be super detailed for people to be able to learn from it. I am also cautious with sharing exact details :-)
Good luck!