What's the best piece of advice you have gotten so far in investing?

eldavis

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All this while you have been investing, have you ever gotten any advice from anyone? What would you say would be the best advice you have ever gotten?
For me, one of the best i have gotten so far is to always invest only what you are okay with lossing. In other words, no matter how sure you are about an investment do not put in all you have.

 

SHAHID987

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Invest the money which you can afford to lose. Some people start their investment with big amount and when they lose this amount, they usually becomes much more depressed and mostly they started hating with investment.

 

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Stardom22

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Although l am not in to much of the investment, the advice l know about any investment is that making a due diligence before venturing and investing what you can afford to loose.

 

saoussen5765

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The advice is that there is no site getting money to pay you back a percentage like 150 % after 30 days because those kinds of websites could disappear anytime and run away with users funds or even pretend doing mining and selling hash power while it is just a script and use old users funds to pay new ones.

 

Starmix

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Being an investor, the best advice for those who are still new is to keep track of your capital and spend less. You need to define your goal and the risks you may not avoid to encounter. Do not trust anyone.

 

cherry123

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I should start investment with small amount to avoid losing big. I should invest the money that I can afford to lose. I should start investment as soon as I can.

 

kirubel

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I have 3 advices that i remember every time, i get thus advice from YouTube trading tutorial, and the first one is never invest the money you can't afford to lose, and the second one is if its too good to be true then its probably scam, and the last one is don't be greedy.

 

saoussen5765

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• Nov 6, 2023

• #8

cherry123 said:

I should start investment with small amount to avoid losing big. I should invest the money that I can afford to lose. I should start investment as soon as I can.

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Then you do not have to invest more than 10 % of your budget so if your budget is one thousand dollars investment should not exceed 100 dollars in the trading to at least divide the lost funds by 10 times.

 

Golden9

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• #9

Keep on learning and putting that knowledge to use. It's possible to learn something new daily and that knowledge is never wasted.

Another investing tip is to diversify the right way. Diversifying is good but many people do it the wrong way and eventually lose everything regardless of all their efforts to avoid that.

 

cherry123

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Yes. We should diversify the right way. Don't just copying others go into what you are sure you know about .to losimg big which I know can be avoided if property done

 

nomad

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• #11

Learn a new skill.
THis is the best piece of advice I have ever received when it comes to investing. By investing in yourself to learn a new skill, you will be equipped with tools to generate income

 

Starmix

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• #12

My advice is never start an investment you lack knowledge about. You might be throwing your money on a wrong investment. You have to do research, interview the veteran investors to get hints on what to do. Before you do that know what investment you want to.

 

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Ratine

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I was told to invest in the bitcoins by a friend of mine online. I really got the interest in the journey.

 

Shavkat

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• #14

The best advice I received is not to invest if you are not sure. It is a waste of money and time if you are unsure about investing in something.

 

bestwriter

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• #15

Being good at it ourseles both my husband and I did what was best and what we did turned out to be good.

 

saoussen5765

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• #16

Ratine said:

I was told to invest in the bitcoins by a friend of mine online. I really got the interest in the journey.

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Did you invest in the staking by the way? Because word interest lets someone think about 25 % APR or similar tricks on staking cryptocurrencies for example? Just to know.

 

Starmix

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My piece of advice to new investors is not to invest impulsively. They have to observe the investment they like to venture. They have to wait for the right time.

 

saoussen5765

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• #18

Starmix said:

My piece of advice to new investors is not to invest impulsively. They have to observe the investment they like to venture. They have to wait for the right time.

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It needs you to try each domain at least once in your life otherwise you are still limited as most of the members of PTP earn money selling P2P transactions and that is all. You know that investing in some projects will be beneficial however, there are scam ventures.