Always keep your investments diversified so you can avoid big losses. A few weeks ago I said that I am entering the stock market. The reason is that I want to keep my portfolio balanced. If I have invested in crypto on one side then a slow and stable market on the other side is also important.
Now, I am thinking that I must have handsome amount in stock market as well. Why I have joined #Stock market and going to start investing? The main reason is that I want to earn slow and passive income that will help me earn monthly income which helps me to pay utility bills and other small expenses.
Crypto market is volatile, here my mindset is only to get a capital gain. It might take time, HODL is the only solution. Before this I invested in 5 different crypto coins but now I changed my strategy and the total focus is on investing in a single coin that is #HIVE. (a kind of passive income as well)
The main reason for investing in #hive is that it helps me earn passive income. How? Because I regularly do blogging and I am more engaged in the ecosystem that is why this investment in hive will help me for earning income.
For those who are good in blogging and are a consistent user then #hive is a best choice for them. You must have a long term investing plan, just buy #hive, powerup and start curating. You will earn around 1% on monthly basis from your investment. (Total APR is around 11-13%) (according to #PeakD)
Isn't that great? This is the main reason why I shifted all my crypto investments to #hive. Right now, I have 9K #hive and will add this amount to reach the target of 20K. Staking will help me earn passive income and also I will get capital gain in the mid to long term.
Why Stock Market?
This is the slow and stable financial market in the world. Specially best for the one who wants passive income. There is capital gain but it won't give the amount which you get from crypto. Rather you need to focus on passive income fromt this market.
Stock market is for the investors who have huge amount of money and also they don't want to invest in banks. They have the only option to invest in #Stock market and in the shares which pays regular dividends..
Right now, I am in the trial phase in stock market. I have invested 1M PKR amount in 4 different shares which pays good dividend. What is my focus? Not only dividend profit but also I want to earn income by converting the shares.
As per my calculation, I will easily earn 1% profit from dividend and another 2-3% profit by converting the shares among each other. Its very simple formula, any share whose RSI reaches 70, will be sold out and the share whose RSI is near to 30-40 will be bought.
That's my strategy right now, testing how it works. If possible, will also make a bot for auto trading. Will link with AKD API and will let you guys know, how it works..
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Wao good to hear that you have invested 1M in stock market...
You are a risk taker and I like this ability..
Yes we should diversify our portfolio...
I also powered up all my liquid hive ..
Thanks bhai.. I am trying to increase my investment in Stock and "Hive". lets see what happens.. Good to see your powered up. Good job