First steps of investing - risky investment
Hi,
today I will write you about risky investments.
I like them, as they give the most return, but they are also responsible for most financial failures. People usually fail in this high risks investments as most are ignoring the facts.
There are risky investments and there are loses from the start. Most risky investments are loses hidden behind an apparent opportunity.
First rule in high risk investments is to check and to do the due diligence. Check every aspect of it. as if it was your last money.
Next thing is to plan the investment accordingly. Invest only what you can afford to lose.
Yes, if you don't have means, don't take risks, go on a slower path and build up buffer, in case you get into troubles.
Don't put the return in your future plans. Never ever calculate a plan with returns of risky investments. You might lose also this one if the first one fails.
Forget about the money put in this. Don't forget to track it, of course, but don't think about it as you own it anymore.
For me a high risk investment was Steem. I invested in it when Steem was over 1,1 $. Good 'ol times. I managed to turn it into a positive story in the end and to build something out of it. I'm glad I did invest as it brought me a lot of knowledge besides financial gain. Knowledge and a tremendous network. This two are gold worth.
So, what was one risky investment you did?
Do you do risky investments?
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I invested in lots of steem when steem was between 1 - 2 EUR.. So I still have to run, cycle and walk many more kilometers to get out of the loss!
But in any case, what is much more important I gain health and fitness!
I also bought STEEM.. at $3... $2... $1... $.50.. and don't regret any of it.. current investment.. 115 STEEM to @spinvest.. plus 2 oz of silver
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perfect entry and exit is a must a little bit of greed and everything is over in such time of investments
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