Don't invest all your Money in one Place

[raaman]

If you are new to trading in options, you should be careful in your trading activities. There are certain tips for investing. If you follow the same, you can be successful as a trader.

If you keep these tips in your mind, you can avoid mistakes and follow the right methods and get closer to your success. Without further excitement, it is better to check out these simple tips.

If you want to see success as a trader, you should not keep all your money at one place, because you may retire one day and you will need money for your retired life.

 

[btaliat]

Investing in diffrent places may enhance quick key to success. When we invest in diffrent places, there is tendency that we will have multiple stream of income flowing. But when we focus on only one source, if anything happen. Everything may stand still. For instance, during the Corona virus pandemic, people with only source suffered a lot because business was not flowing. But people with many sources didn't even feel much impact of Corona virus because it didn't stop the cash flow of money, it only reduce the cash flow of money.

 

[Profuk57]

I totally agree with you, the fact is Investing in different business will definitely make you to be successful without too much stress. When one have different investment, there is tendency that multiple stream of income flowing will boost your finances. But when we focus on only one source of income , then anything happen. We will return to square one, back to where we started. So it is totally advisable if any person what to be truly successful then having different source of income is your best bet.

 

[Donkiz]

Investing your money in different profitable ventures helps to increase your source of income and equally ensure that you don't incur too much loss if anything goes wrong with one of your investment.

The fact that an investment is paying very well does not mean that you should put all your eggs in one basket, if you do you might regret it in the long run. Investment is good, having a business is good, but having a business and investment is the best way to secure your future.

 

[Joseph555]

A quick reminder to how I lost two hundred and twenty thousand naira on the 26th of January 2021 on three different platforms, the three companies fold up and went away the same day, I mourn for my sweat but thank God I am still alive, therefore, it doesn't matter how many platforms you invested just know that it is a game of luck with which you may lose or win. Despite that, I am still investing more and more because surrendering is not in my dictionary.

 

[Ub40]

You are on point. It is very risky to put all your money in one investment or business. If that one business collapse, you will have nothing to fall back on. Like I stated before about how I invested in some online business but they later become scam. If I had all my money in one of them, I would have been left with nothing to fall back on. Some may do and succed but this is from my personal experience.

 

[Ub40]

You are on point. It is very risky to put all your money in one investment or business. If that one business collapse, you will have nothing to fall back on. Like I stated before about how I invested in some online business but they later become scam. If I had all my money in one of them, I would have been left with nothing to fall back on. Some may do and succed but this is from my personal experience.

 

[Kennysplash]

If you are new to trading in options, you should be careful in your trading activities. There are certain tips for investing. If you follow the same, you can be successful as a trader.

If you keep these tips in your mind, you can avoid mistakes and follow the right methods and get closer to your success. Without further excitement, it is better to check out these simple tips.

If you want to see success as a trader, you should not keep all your money at one place, because you may retire one day and you will need money for your retired life.

There is a saying that you should not put all your eggs in one basket. If you want to invest then the best thing is to diversify your investments, not just focus in one area. Research more on other fields. Invest in agriculture, crypto currency, business start ups, shares and stocks etc. Pick two or three out if these options and invest. The more they are the better your chances of making profits and minimizing losses. But if you put all your money in one investment, you will be minimizing your profit and maximizing your loss.

 

[Mataracy]

You are right,one shouldn't invest in one place because of unforeseen circumstances so therefore one must be careful .
In business one should invest in different business should in case one is down you can quickly lay hand on the other one. And if the functioning one is move well then you can use money generated t9 improve the other business.

 

[BuchiBankz]

Actually investing your money in one place is not a nice idea, especially when it comes to investment or business you no nothing about.
Investing in such can make one go bankrupt, which can lead to debt.
It's better you read about the business or investment before venturing in it.

 

[Alexandoy]

Right now our investment in stocks is only on the stock of the biggest bank here. I believe in the adage that says don’t put all your eggs in one basket but for now our stocks are not moving because my wife does not want to sell. The worth of our stocks is substantial so I want to spread it somehow. Anyway, those stocks were the gratuity bonus given to my wife for her long period of tenure in their office. That is why I cannot argue with her about the stocks.

 

[greatguy1]

Diversification of funds is a prerequisite in the ladder of wealth creation. All your proverbial eggs should not be in one basket. This simply implies that we spread our investments to ensure that we are not affected by a downturn of fortunes if our main source of income dries up. As a business person, you must invest here and there to find balance and boost your portfolio. Gathering up investment in one particular sector is a big sign of weakness.