Money Management and Portfolio Management is one part of economics. Many people in the world spend their time to study this in depth at universities and in various other forums. This is an interesting topic to discuss, and after reading the assignment given by @stream4u in week 7 of Steemit Crypto Academy Community, I will try to write some of my opinion on this topic.
In cryptocurrency investment, good capital management is required. Every opportunity certainly has different risks, therefore you must always have realistic considerations in making every investment and you need to decide what action you will take next. Good financial management is a good starting foundation when you invest in various assets and vice versa. When you decide to invest and you already have a certain amount of capital to do so, the next step you need to do is choose the right asset for you to invest in. You should invest this investment capital in several assets. You need to divide the capital into several assets. Don't ever use all your capital to invest in one or two assets or manage just one asset, you should have 4 or 5 assets that you invest. If you have bigger capital, it is possible for you to invest in a variety of different assets and even the number reaches tens of assets. Why is that? This is of course to reduce the risk of loss. If some assets have decreased value, then you still have several other assets that have increased value. Of course, no one wants to suffer losses, but they must always be prepared for all the possibilities that will occur, including the worst. This method, of course, will reduce the risk if this bad possibility occurs. There are many assets out there, you should consider them as best you can before deciding to invest in. You can do a little research on the assets that you are going to invest in. If you do it well and you choose the right assets, surely you will get multiple profits.
Apart from financial management, portfolio management is also important. By making portfolio management, you can more easily monitor the assets that you have, see various developments and decide on further action. In the future, I also have plans to invest in several assets. The last investment I made was to buy some BitTorrent (BTT) a few months ago and I just sold it yesterday. The price of BTT has been pumping up significantly these days and I made three times as much profit. At this moment I can't show my management portfolio because I don't have any assets for now. However, I am considering several other assets that I will invest using the profits that I have earned. Speaking of investing, apart from benefiting from crypto investing, I have also experienced losses but not too much. Several years ago, when I was just getting to know the crypto world, I tried cloud mining and deposited a certain amount of capital with a provider. Because I didn't have good knowledge, it turned out that the platform was a scam and I lost out. As the closing: Whatever type of investment you are going to do, you should study it first and do some research.
Hi @zheyeng
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.
Your Homework task 7 verification has been done by @Stream4u.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
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