This article is intended to remind you that we can and will lose money if we invest in risky investments long enough. The only way to never lose money again is to never invest. Let’s talk about some things to do before making an investment. We keep our money in a monetary fund or treasury bonds, which, by the way, are paying more than 5% thanks to the aggressive Fed rate increases!
To build great wealth over time, it is important to take calculated risks and invest continuously over the long term. Over time, stocks, real estate and bonds have proven that they beat inflation and offer a real return. With the power of compounding, it’s only a matter of time before investors build a healthy nest egg.
Things to Do Before Investing: a Cautionary Tale
To show the dangers of investing and hpe Although Bitcoin is again near all-time highs, it went through a deep downward spiral in 2017.
There’s this guy who bragged about earning a minimum wage a year ago and is now a cryptocurrency millionaire. He shows his e-wallet in plain sight on social netw Many follow him.
Then, 2H2017, began aggressively promoting Bitconnect, a Bitcoin-based lending platform where you take your money or Bitcoin and grant yourself guaranteed interest between 0.25% and 1% per day using the Bitconnect currency. They said they have a “proprietary Bitcoin trading bot” that generates such returns.
In other words, if you invested $1,000, you would have something like $53,000,000 after 3 years with a daily compound interest of 1%! Do it! Check out this chart from Bitconnect highlighting the promised returns and the maturities table for principal repayment.