Always Invest In Things You Know About | Don't Just Follow The Crowd
When ever your investing your hard-earned money make sure you Actually Understand what your investing in. This is crucial otherwise your investment could vanish instantly.
About a year or so ago bitcoin was booming, and crowds of people were rushing to invest in coins but what happened the price tanked. People lost thousands.
The number mistake was a lot of these so called “Investors”invested in something they barely knew anything about rather than actually taking the time to look at the bigger picture. Whenever you hear people talking about a “hot” investment chances are the opportunity has passed because everyone is talking about it.
You would be better off investing in something you have knowledge on and like rather than chasing get rich quick schemes.
Take for example sneaker flipping a lot of flippers actually like and understand what kicks are going to sell, so investing for them is perfect where they can easily purchase a pair for $200 and flip it online for $1000 upwards.
Because they understand what they're investing in and actually like it – so their more inclined to push and do well.
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