Don't invest your money like this

in LAKSHMI3 years ago

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Has this ever happened to you?

Well this is based on my personal experience. I wanted to learn how to play the guitar.
So when I got hold of a guitar I was exited like anything. I could not help but try to hold the guitar in a stylish manner like how the rockstars do and try to pay a tune.

Maintaining a stylish posture can be tough

If you are new to playing an instrument it can be quite tough to focus on two things that is maintaining a stylish body posture as well as playing the instrument with ease and finesse.

My mom suggested I learn the notes first

I got some goos advice from my mom who suggested that I should first learn the notes.

I was impatient

I knew what she was suggesting was 100% right however I was quite impatient to start with.
So I spent more time trying to play some random song then trying to perfect playing some initial notes like Do re Me..

When I got the hang of the notes

I thought I knew how to play the notes! With this belief I would self promote myself to the next level that of a proper guitar player and play out my favourite songs.

These songs play well perfectly in my head

So all I have to do is keep pace with the audio on my head and play out the tune with my guitar.
Well quite easy I must say!

There was a problem

I played perfectly or so I thought however none of the people around me could make head or tail of what I was playing.
There was a serious disconnect.

Hope your investment strategy is not like playing the guitar.

A lot of time we see a great potential in a coin or a token.

So much so that we are convinced and put our hard earned money in to the project.

Connecting with others is a good yardstick to understand real value.

If an investment is good then others should see the value too.
If true value emerges then it should be reflected as growth in charts and valuations.
This is a good way to validate the potential of investment. It is better to do so before we jump in.
Once an investment becomes a part of our portfolio it is important to keep tracking it versus its roadmap.
Another tip can be a strategy of how a sports person evaluates his position relative to other participants and runs ahead in a race in a measured and calculated manner.
Without this sync with reality it would be a case of playing a musical instrument without doing a reality check and making a fool of oneself.

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