Two of the most frequent questions that I get from people in the crypto community are: what do you invest in and what are the best investing strategies? As a general rule, the best investment strategy focuses on maximizing gains while minimizing risk.
If a person invests $250 a month at an 8 percent average annual investment return the following retirement outcomes are achieved.
A lot of people, particularly millennials, don't invest in stocks because they are afraid of losing money in the short term.
The remaining 10% is invested in physical real estate and Real Estate Investment Trusts.
I invest as much as possible in tax shelters like Roth and SEP IRAs to avoid paying taxes on the gains and to increase the amount that is compounding.
So how does one actively invest in markets and maximize their potential earnings?
Invest over a long period, the younger one starts, the more powerful compounding will be.
As described on their site, "Acorns automatically invests your spare change and lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs." This is a fantastic way for developing a diversified portfolio and the platform invests in more than 7,000 stocks and bonds.
Invest early and often! This is the true key to investing success.
When you are young you can invest in almost any asset as younger investors should keep the long time-horizon in mind.
Veteran Crypto and Stocks Trader Shares 6 Ways to Invest and Get Rich
Published on Oct 8, 2019
by Cointele | Published on Coinage
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