RE: Steem - Your Path To Retirement

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Steem - Your Path To Retirement

in steemit •  8 years ago 

Interesting article. I would like to point out it is important to never throw all of your eggs in one basket. Even if you believe something will be successful you always need a plan B. I think steemit is a great investment but if you are talking about your retirement plan, I would be careful. Cheers!

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Couldn't agree more. DIVERSIFY! If you're looking for financial freedom then time tested methods keep coming back to the basics
Multiple revenue streams all trickling in concurrently SECURE YOUR FUTURE
eg:

  1. Steam, Bitcoin and other cryptocurrencies
  2. Gold and other precious metals
  3. Property
  4. Dividends from physical business investments
  5. Work (Yup, this old method works a treat :)

Basically if one takes a nose dive then the losses are mitigated from the other four income streams.

Ideally all income streams are in different areas as it's no use having 5 different crypto investments thinking you are diversifying. If the whole show goes down in flames then you've got a hard crater to climb out of.

Yeah... #5 is still the best way to make money ;) The reality is that. Doesn't matter how much you work but how much someone/people want to give you for your work... You can execute a complicated task and never receive what you expect/deserve - or - you may just spend a few hours to write a good song and this can turns out to be very valuable.

a SMART!

Retirement plan? Steemit is still very young. I would not even call investing into Facebook a retirement plan. You are talking like 20-40 years out for most people. Investment yes, retirement no!

Wise words I would have to agree. Thanks

Absolutely, your portfolio diversification is very welcome.