Steemit Crypto Academy | Course 7 By @stream4u | Money Management & Portfolio Management. @selva1
Hello my Steemit people, today I joined the master class of professor @stream4u the truth I must confess, I have not been able to have some time to sit down and study the other lessons, but I wanted to participate in this course and just comment my understanding to this class, I am really very new to discuss about investments, but I can comment the things I have learned today, thanks to the professor's class.
Discussed Money Management.
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In my opinion I think that money management is a very important issue, even when we talk about fiat currency or crypto currency, we must make responsible decisions, because when we decide to invest in something we do it trusting that we are making a good investment and we want to see future profits, nobody invests to lose, but we are not soothsayers either.
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So money management is a way to control our investments and not lose so much on the way, as the teacher explained, we can make small investments in different currencies, after studying the possibilities of each one, to see which one leaves us more profits or if we can win with all or if we lose, only with one, so that the impact is not greater.
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It is easier to invest a small amount of capital in 5 different assets and wait for them to do their job, and if on the way one of these investments fails us, we know that we should not operate any more with that currency.
Future plan on your Money Management.
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At this moment I am a new born, I am learning from master classes like this, to be able to understand a little more about the crypto world, I don't own enough capital to invest and my daughter @danay is teaching me the little she knows so far, to be able to help me to invest in the future.
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What I want now is to be able to study and thus be able to understand how to manage my money management in the future, I still do not have a virtual wallet or coins with which I can invest, but I would like to be able to enter this world because it is already our present and a way to generate passive income.
Discussed Portfolio Management, if you have an investment and if it is okay with you then show portfolio and explore it briefly.
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As I commented above, at the moment I don't have a portfolio to show because I am a newbie, the one who has some small investment is my daughter @danay but I don't think it is correct for the task that I show her portfolio as an example. What I can say is that she did the test by exchanging her TRX coin for ETHER and it is the only thing she owns, she also opened her wallet in Poloniex, but she has not made any investment yet.)
Future plan on your Portfolio Management.
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My plan is first to be able to grow within the Steemit platform sufficiently, and to be able to build up capital that will allow me the opportunity to make small investments and try my luck.
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But for that I must study and research enough to know a little more about the proper use of cryptocurrencies in trading, and to be able to take it as an investment option for the future and as a way of income savings.
Conclusion.
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I can say that this class on Money Management & Portfolio Management teaches us a little more to understand the management of our income, for example for someone like me who is just starting, this type of course is vital to start with the basic knowledge about the world of cryptocurrencies and not be lost when you want to make an initial investment
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This topic opened my eyes a lot, because I can understand how the diversification of investments can play in positive or help us to save our assets from bad investments, not to lose all our capital investing in a single currency. For example in my country several cryptocurrencies like EOS, ETH, USTD are being used and I would like to be able to make small investments in these currencies and see if I reach profits with them.
Hi @selva1
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.
Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th course.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
Hola amigo @steemcurator02 @steemcurator01 @steemcurator05, por favor ayúdeme a curar esta tarea que ya esta verificada por el profesor y ya se va a vencer su publicación, un millón de gracias por su apoyo.