The Best Investment

in #steemit5 years ago

Do we need to debate which is the best way to invest your hard earn money?

Foreign Currencies, Stock Market Shares, Real Estate or Cryptocurrencies?

invest.jpeg

Since the early times, man has been trading.
When you buy in the local market you buy groceries.
I experienced to pay in a supermarket with cash, when they do not have a change/coins they give you chewing gum or candy some of the time.
I feel short-changed because I just collect them, I do not eat candies very often.
Then I collected almost 10 of it. I returned to the supermarket, then in jest I told them I will use it to pay, the cashier did not accept it, at the same time, she is not happy and uncomfortable about it (I understand her predicament so I did not insist although I believe I am right).

Unless you are a marketer you can sell that candy or any items you buy. Marketers can get back their moneys worth, sometimes they include their expense like fare and time and get profit from it.

You have to buy low and sell high if you want to profit.
Profit means the gain when you remove the original price of the item, the expense of getting the item, the tax, and the processing fees.

If you invest in Foreign Currency you go to Forex

You swap your Local Currency to Foreign Currency. That is simple enough meaning to it.
Swapping your money to currencies other than your own knowing that the value of the other currency is more stable and may make your savings have more value in the long term or during the week or the day, even some during the hour.

You can go to the Stock Exchange in order to invest in the Stock Market.

Market shares make you buy or invest for securities, manufacturers, corporations, metals such as gold and silver, oils, and various products, there are also what you call penny stock that may or may not evolve into a dollar.

For Real Estate;

You have to be buying, selling, or renting land, buildings, or housing.
Properties, in time, will usually appreciate and the market value increases more than the interest being offered by most banks.
Real Estate investing maybe good but you have to have much excess money to buy, If you only have $1,000 it will be hard for you to use it as an investment, but if you can provide it monthly, you can look for rent to own houses or units.

For Cryptocurrency, you have to open a wallet and buy cryptocurrencies.

There are numerous wallet and trading grounds to look for today.
You just have to comply with their requirements.
Cryptocurrencies come from the blockchain technology a form of investment other than the ones mentioned above.

invest2.jpeg

How do we choose which is better?

Really, do you need to ponder and think hard about it?

Why not just invest in all of them?

It is always possible, it is not impossible.

Every time you want to invest it is always a good strategy to study and learn the company you are trusting your hard earned money.
You need to know how's the ins and outs of the system.
If you are not sure but you just want to hop in, then you are betting or just plain gambling.
In gambling, you may win or lose it is that simple.
Otherwise when you study and try to learn to invest you reduce the risk when you start to invest your money.

Most investments require KYC which we provide in good faith.
It should be taken cared for and secured.

In my opinion, what we need to do is to adapt.

We need to learn and study the portfolio, the white papers, the blue papers, the about us page, terms and conditions, the policies, the rights and lefts, and the risks associated.
You can also go to Google reviews and recommendations from entities you trust or authorities you consider trustworthy.

With the onset of new technology and new systems coming out,
We do not need to be wary, be stressed on how or why it works, because most of it works, some fails or collapses, others undergo improvements and developments, still, some stays the way it is and move on.

One way to invest without too much of a risk is to join here on Steemit.
You earn a cryptocurrency called STEEM.
You only need to login, create an account and you are good to go.
As you go along you can learn at the same time earn.
Learn and read the different blog posts you encounter.
Upvote and comment using your initial 90 Steem Power.
Make a Blog Post to introduce your self.
You can learn what niche you want to make and community to join.
There are Bloggers, photographers, gamers, and bettors.
There are developers, upvoters, cleaners, and bots.
It is nice to learn at the same time earn.

Regards to Everyone

Make your due diligence when you invest.
This should not be taken as investment advice or personal recommendation.

Create your Steemit Account Sign Up here

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I believe so much is diversifying portfolios and for me investing in all is the best solution. But then what if you do not have much funds to invest in all? what is the best to begin with?

Greetings,
I suggest you look for the less risky,
You can choose which platform you are very familiar with.
Regards

Posted using Partiko Android

That said, I'm more familiar with crypto and real estate. Right now, I've only invested into Crypto and will venture into real estate when I have some more funds.

I know nothing when it comes Forex and Stock exchanges :)

Thanks for your opinion though.

Posted using Partiko Android

There is this wise saying "Never put all your eggs in one basket" and I think in taking investment decisions we shouldn't be over confident in one form of investment, one little action can cause everything to crumble. So it is wise to spread our portfolio so that it includes all manner of investments. Very thought out write-up I must confess. Cheers.

Yes,
It is better to spread portfolio.
Regards

Posted using Partiko Android

Don't forget all the DAPPs we have here. I have 76K Hunt Tokens from the airdrop and with only 1/3 of the ful poduct released it's already worth as much as half of my STEEM account value. Just think about that. A 50% gain through engagement. Now I'm delegating most of my SP to @dlike and I'm earning a lot o tokens. I made some good investments on following DAPPS:

https://steemmonsters.com
https://epicdice.io
https://drugwars.io
https://magic-dice.com

Those are not even everything that's being developed. Those re the ones I engage in. See if you'd like any of them. Best of Luck!

Happy to learn and hear about that.
Regards

Posted using Partiko Android

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Interesante

Posted using Partiko Android

I really hope that we will be able to recruit more people. 2 Days ago I was showing steemit to them and I was suggesting them to make an account and they actually did, they used the new sign up though. I hope more people will adapt to this and use it as a social platform. Thanks for sharing this with us!

I also forgot to put that I remember reading something about investments and the best investment that you can do is invest in yourself haha.

Have a great week po!

Thanks
I believe more people will come here
Especially when the value of Steem grows
Regards

Posted using Partiko Android

Great article, it is all about what you believe that you want to invest. I believe the first step is to invest in yourself in the first place, then to build an emergency fund in case of!

Then research properly which one fits more what you believe!

Happy to hear that,
Investing in ourselves is a priority which I agree.
Regards

Posted using Partiko Android

I believe in investing in a diverse portfolio is the way to go.

A lot of people put all there eggs in one basket and this is a highly risky strategy.

currently I do see that crypto currency is a great short-term solution, especially for early adopters. When the wave hits and we see explosive growth and you cash out, that is the time to diversify your portfolio and by things such as land, or invest in startup companies that could generate more sustainable returns. That's just my thoughts. :D

Appreciate your input,
You have a sound strategy.
It really helps to have a plan.
Regards

Posted using Partiko Android

It depends on who you are but if I am the one, I will just go with all of them

I agree
Regards

Posted using Partiko Android

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