Crypto Academy Week 7- Homework Post for @stream4u. by @roselly

Hello.
My homework for @stream4u Money Management & Portfolio Management lecture.

Discussed Money Management.

To my understanding, money management is a strategy by which we divide our capital into different parts for the sake of having different investments and having a better chance of making a profit even if unforeseen circumstances affect people's investment. It is a simple practice of planning for uncertainties. Money management protects us and our financial life from going bankrupt.

How do we manage our capital?
We can do this by dividing our capital and investing it in various assets.
We can divide our capital into a minimum of 2 places to any extent we see fit.

Future plan on your Money Management.
The majority might think until they have a big income flow before it becomes necessary to have money management theory in practice.
I personally have chosen to be wise. I want to start my investment practice. To do that, I need to manage my capital which I am going to separate from my income. I would like to invest in assets where I won't have to bury my capital into it for a very long time. To achieve this, I will divide my capital into like 5 or more parts and invest in different assets. As I wish, I would love to invest in 10 or more assets. Depending on how much my capital is, that is how well I am going to divide capital and invest.

Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.
Portfolio management is a model of putting together all our cryptocurrency investment into a list where they can be closely monitored. Replenishing our portfolio exclusively is one way to enjoy profitability in crypto investment.
The majority only have Bitcoin in their portfolio because it has brought a lot of money to them in the past. But it is always good to actively experiment our portfolio with little known projects, e.g., the likes of Small Capital assets and then hope for the growth of the assets. Perhaps research must be done on the small capital assets of your choice before investing or experimenting with them.
To be successful in crypto investment, portfolio management which implies the collection of securities, assets which are meant for a certain purpose (profit), is a good course we need to take care of.

Future plan on your Portfolio Management.
I am trying every possible means to gather my capital. I only have a watchlist for now, and that is because I have started following and monitoring some assets, and I want to keep updated with them. I think that's where I am going to start before I proceed into deep research, and once I have acquired enough to invest in some of those assets I have been keeping a close watch on, I'll simply have a portfolio of my own to manage.

When was the last investment failed and Why? (those who have experienced this can provide views.)
I haven't had any serious investment. When I started blockchain, I started with steemit, and later I went to school, while I couldn't catch up with blockchain any longer. But once I started my investment, I hope I don't invest in a failed project.

Conclusion

Money management is a crucial aspect for crypto beginners, investors and everyone involved in the blockchain, even outside the blockchain. Money management should be a way of life, —an essential way of planning how to use your capital in different ways and avoid loss.
Our money (capital) management determines our range of investment; it determines our profit-making and also determines how long we will be in the crypto business.
Money management is important in managing our capital to help us invest it in the right direction.
Portfolio management is crucial for tracking our investment and help our decision making.

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Thank you
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