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RE: Investment isn't Fun: The Conversation you don't want to have.

avatar of @mintymile
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@mintymile
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2 min read

So, nicely written. Creative I say!!

It's a serious topic and very important.

But yeah, to invest you must first have goals -

and some goals can be just exciting

Like saving up for a holiday travel to some great place in the world...

You invest also to grow your wealth not for the time when your old and retiring tommorow ...

also for the nearer future ...that's 3 to 5 years.

You need more money each year than you earn, and you need to have passive income.

Passive income can even be you made so much money to buy real estate which you put out on rent... exciting things...

So, you start by evaluating your goals, and your financial position and starting to invest according to your risk profile.

If you have less money maybe you can make a safe less risky investment...

You should also learn about investing and grow your knowledge so you know and get clarity on what to do!!

Like Bank fixed deposits, then mutual funds, stocks, crypto... and you have Govt. bonds etc...

So, you evaluate... even in stocks and crypto you have safe investments like Bitcoin is... if you hold it for 3 or 4 years, capital appreciation.

There are recognized and well established trusted projects, then others that are new.

So, invest according to your risk profile and keep learning about these things... it will give you the formula to grow wealth.

There are books, and people like Warren buffet you can read their material and gain ingsights, its always helpful.

You have to be smart and take risk and balance... other is certain and future is not but preparing for the future, so its better than today is always a worthy investment.

Goodday!!

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