Quote:
Originally Posted by Phil Banks
Pro Life Tip : Keep cash on hand no matter what the lil non rapping irish kid on the rap site says.
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Poor 2FUEL.
But yeah, you don't need cash on hand because it's 2020 and the world isn't going to collapse into anarchy. If it does, money is irrelevant and you'll probably die due to your countries over-reliance on importing anyways.
Quote:
Originally Posted by The Saaxxx Baba
Technicall speaking it is pretty simple. If have 10 bucks to invest this is what i would dp basically -
- firstly decide how long is my investment horizon or how long can i do without this said 10 bucks thats my investment horizon and the the longer the horizon the higher the risk i can take and vice versa
- second i would only invest 70% of it in tranches as and when the buying opportunities come until such time i did keep it in debt funds.
- the rest 30% i did use to hedge unforseen circustances. I personall prefer commodities and forex (US Dollar esp) and just use 5% for derivative measure which when leveraged basically give me another 30% of the 10 bucks gradually.
- after that only 10% of the 70% is used in trading per se generally.
- after all this liquidating the investment is done part by part too in order to save on taxes so lets say where most people stored the liquidate amount in their bank accounts i did do it in a debt funds for 3 years and save on taxes through liquidation.
The problem is a lot of self taught folks who think they too big for their shoes or have been misled by greedy brokers (which is basically ur CNBCs) take only one of the above mentioned steps to save on brokerages and satisfy their personal biases whilst losing a lot of money at the same time too.
Now the practical aspect of these things is the most important you gotta be in the know of things to be aware of when to make your moves for which you gotta choose the sources that u gather ur info from very very wisely !! For global economical news every corporate uses Bloomberg so do i and for the local ones i use exonomic time and bourses websites for stock specific technicals.
that which i have omitted in this post in terms of definitions can easily found on sites like investopedia, etc...
Yes this is a full time job. expect nothing less and consult professionals instead and learn from them until ur confident to take matters into ur own hands.
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"It's all quite simple"
"Posts entirely jargon based advice" haha.
Yeah it's interesting. I make quite a bit off of MMA betting though and dunno if I want to add anything extra in.