Steemit Crypto Academy Week 7 by @stream4u, money management and portfolio management.

Thank you professor@stream4u for this very wonderful opportunity to participate in this week’s homework task and I am happy it is a very relatable topic that I can easily join without feeling any hindrance. The question about money management is a very serious topic, financial knowledge provides us with the opportunity of being able to manage money to a great extent.

Money management is not a question of how much you earn or how much you can afford, it is simply a matter of how much knowledge you have about finance, investment and how you can carefully utilize the knowledge for investment opportunities in a way that will produce good rewards.

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My future plan on money management.

My future plan on money management is to be able to gather more knowledge and make more research on the way I can manage money and what type of investment I can take part in to yield increase my financial portfolio.

Portfolio management.

We cannot specifically say what the market is going to say in the next minute and a particular stock that appears very promising and attractive this minute may just hit a big dump and that is why having an investment portfolio is advisable, with an investment portfolio those investment stock may be split into different assets which may bring a promising pump despite the amount used for investment.

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Future plan on portfolio management.

Portfolio management should always be on the increase and I will continue to gain knowledge on the next type of crypto investment that I need to do, while trying my best to meet up with the financial standard required to make this happen.

Last experience on a failed investment.

I was a victim of trying out different good opportunities that may present themselves to me and a friend came to me with this investment platform with a very high profit attached, I jumped right at it without taking my time to read the terms and conditions involved therein until the company disappeared into thin air with every fund we invested in it disappeared.

Conclusion.

This made me realize that there are different types of investment and before putting our hands into any type of investment we need to carry out our own research on it. Thank you so much @steemitblog for the amazing privilege this week and to @stream4u, I hope you find the time for it.