The investing decisions you make today could have profound implications on your future

in LeoFinance3 years ago

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What you do today may set you up for life, for reals

Today I stumbled upon a story that really drives home what we have at our finger tips right now.

We are on the cusp of another life changing crypto bull market that may set you up for life, if you play it right.

There were two brothers back in 2013 that inherited roughly $100k each from the passing of a family member.

Smartly, each brother decided to invest the money, something their future self was surely to thank them for.

The first brother did his homework and decided he would put a good chunk of the money in precious metals.

He had read how the price was being suppressed and with stocks continuing to only go up as well as its ratio to gold being at low levels, silver seemed like a very good bet.

The other brother also did his homework.

He learned all he could about bitcoin and the incoming crypto revolution that was possible.

He took a big chunk of his inheritance and he bought bitcoin with it around $100.

Fast forward to now that the first brother is actually down on his silver investment as it was worth $30 at the time he purchased it.

Pretty depressing to have your money tied in an investment for 7 years have it be lower than where you bought it.

Would have been better off sitting that money in a bank and collecting minimal interest.

The second brother has made an absolute fortune on the other hand.

His bitcoin holdings are said be worth more than $10 million and he will never have to work another day in his life.

Was he smarter than the other brother? No, not really.

He was just willing to do the homework and take a risk on something he believed in.

It could have blown up in his face and he would be right where he started.

Life is all about doing your homework and taking calculated risks.

Bitcoin and altcoins are one of those calculated risks currently.

Which brother will you be?

More on the above story and the image can be found here btw:

https://cointelegraph.com/news/the-road-not-taken-jealous-brother-claims-twin-earned-10m-in-bitcoin

https://www.brendanprout.com/blog/performance-worship-a-tale-of-two-brothers

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I'm both. Sold 1K ounces of silver in august 2016 and bought Steem. The sad part is that steem was at $3 at that time.
I guess I didn't put enough effort into my homework.

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You win some and you lose some. You were able to earn a lot off of that steem though and no probably hive, so it's not a complete loss, plus you never know there may be spikes ahead for steem/hive. Perhaps the story hasn't been completely written yet on that investment story.

Both investments are risky, but if you know how to move intelligently you can get good money, you just have to invest with reason and not out of emotion.

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Just about all investments are risky. If they aren't, there isn't much return.

Sure 📈