More or less we all are excited when we here the news like :
" A city boy made fortunes by investing just 100$ in a company " & then people recognizes and goes round & round keeps asking the same question again n again ................ Whats the secret ????? "
Some masterminds have answers for that ..... "Its just luck "...........
Let me tell you .......................there is no secret, you should understand what you have & where to put it in order to fully utilize it to make your dreams come true.
Lets begin to understand the most important factors of wealth creation
- Time :Surprisingly its equal for all . Its same for "Mr Bill Gates " as well as for any other person in every corner on earth
So whats creating the difference
Its devotion to achieve the goals in a focused way . Yes the Rome was not built overnight but in case of crypto currencies ..... Guess what that can be a case :)
2)Risk: You are already taking risk by not investing even by knowing that a little investment in a short span of time can work wonders . With risk , comes fear , but wait !!!!! fear of what ???
loosing it all ........ Hell No .......... that's not fear, you'll eventually loose out that 10$ someday or the other,
but your fear is that you'll loose it all at one go....... isn't it ?
Now ask yourself
Can i gain ? How big it can go ? ........ If you can still unable to get an exact ans( either Yes or No ). then you can stay with tour 10$ and regret in the future . Anyways thats what most of the people do ........
Play safe & regret
I agree that risk is high but "Risk To Reward" ratio will always pay you off. By the way , you can always minimize the damage & take a calculated risk with a balanced approach , that's what is diversification
3.Diversify: As rightly said Never put all your eggs in one basket This will make you feel relaxed .
Does this ever happens to you ???
You put all your money in a single stock & then wake up early to pray daily ...... Well diversification takes that away . Investing should bring peace of mind not restlessness.
Use 8th wonder of the world : Yes you heard it right . There is an eighth wonder and that's compounding. This is not said by me but by one of the most genius minds of all time
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So hopefully you should give it a thought and this should motivate you to become master of money rather than being its slave. I am not a very renowned person to share or guide the people , but i am definitely a very positive and optimistic person ready to learn from all of you guys in this powerful steemit community.
So here's crypto-indian sigining off for now .............
Make comments if i missed out something as per your own views . Lets learn, share & Grow together :)....
Happy Investing