4 basic principles of investing #Fundamentals ◈ Use only | Investor's sight: Stocks, Crypto, NFT
4 basic principles of investing
#Fundamentals
◈ Use only free money
Never use for investment the money that you need to support your family and maintain your usual lifestyle.
◈ Have an investment plan
Your investments should not be spontaneous (a friend called, promised "mountains of gold"). Investments need to be analyzed from various points of view and choose the most optimal for you.
◈ Diversification
In other words, the distribution of investments in various directions. It is not very reasonable to break the investment amount into five parts and put them in five different banks. An example of a correct one would be the distribution of funds between various assets: different stocks, cryptocurrencies, as well as bonds and real estate, well, if the budget allows.
◈ Don't spend what you earn
You invest free money not to spend it in a month.
Reinvestment is the key to increasing capital.
Invest following these principles and you will be fine.