❓ What to do for a beginner investor
Cryptocurrency is a very volatile market, which needs some measure of learning so as to avoid some pitfall along the way.
I have been in the crypto space for quite a good numbers of year, if am not mistaking close to 7 years during the mining days when one can mine btc getting good amount of Satoshi when mining it.
Some of the site are no longer working like eobot.com and some are still working like freebit.co but mining this days one only get peanut.
Fastfood to year 2020 during the bull market, I got trap in the e bull investing blindly into some coin which some rug pull and some still stagnant and some doing well now.
I did all that due to lack of knowledge about the market not taking fundamental analysis and technical analysis into play. I taught knowing how to buy and sell was all I need.
I have always told my students my experience some they can learn, and over the years I want to share what I think will help you told in your crypto journey.
1️⃣It's worth saving 10-20% of your income and investing it.
2️⃣Read books on investing (you can listen to them on YouTube) - "The Intelligent Investor," "One Up On Wall Street" by Peter Lynch, "The Richest Man in Babylon," "The Warren Buffett Way."
3️⃣Avoid speculation; instead, focus on long-term investments (10-20-30 years).
4️⃣Investing $100 every month with a 20% annual return will result in a capital of $3.2 million in 30 years.
5️⃣Divide your portfolio into several parts for diversification:
🟡 Safe instruments (Bonds) - 10-20% of the portfolio
🟡 Dividend stocks (4-7% in dollars) + some growth in stock value - 20% of the portfolio
🟡 Growth stocks (higher risks and potential profits) - 30% of the portfolio
🟡 ETFs on gold, pharmaceutical companies, the technology sector - 20-30% of the portfolio
🟡 Conditional startups like Virgin Galactic that could multiply by x10 in 3-7 years - 10-20% of the portfolio
🟡 This way, we create a balanced portfolio that won't crash even during strong downturns, unlike investing "all-in" in stocks like Tesla.
6️⃣IPO - It makes sense to invest if you have capital starting from $20,000.
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