When it comes to handling finance, I am little clumsy about it! It was there for a very long tine. Ever since I started my first job, this has been issue of mine. From what I have noticed, over the past couple of years a drastic change has happened on my life. I am spending less, I am not wasting time on unwanted things and I have become a boring person like I used to think about elders when I was at school life or even younger! Complicated situations changes us for granted.
Building a portfolio will never be possible if I do not have a long term vision, which includes savings, passive incomes, active incomes and much more. I got a thunderstruck by a user. Two weeks back I saw a post of @simplifylife where he shared a small story about savings. I took that idea and created an account for myself and started to share a % of my earnings and stock the pile up. Now I am trading few tribe tokens on Hive-Engine mostly DEC, LEO and SIM. In the past I used to share or split my earning on a monthly basis. But since I opened that account I am splitting my profit in almost every trades which I am making profits from. Rounding that up as of now I saved upto 268 HIVE on the savings account. Yeah, now that I was thinking of creating a post, I was little surprised to see the actual number. I am aware it is not that big a number but I was not really expecting it to cross even 100 HIVE lol.
While, now that I am realizing it I should have started doing this earlier ;) even though it is not late to start from somewhere. But like I stated, this is a portion of the savings which I have been doing for the last two and half weeks. Let me see where it takes me after a month. If it is more than my actual way, then I will keep this process going or else will revert to my monthly basis rule. Just exploring the new ways to make things work!
Re-investing, is one of the best way to utilize the funds in your favor. The profits that I gain from some of the trades, I try my best to make proper use of them. Which significantly works in favor for most of the traders. But like it is said "crypto is volatile", I try to invest that much, which will not affect me even if i loose it.
Which way do you take for your portfolio to grow? Do share it with us ;)
Image source: 1 , 2 from Leodex.io
Best regards
Rehan
Posted Using LeoFinance Beta
GOOD things take time, sometimes this one plan may be enough, but I believe you can play a good result out of long playing, it's a good start that you have a plan.
If I say more something ... then good investment is Gold, Silver, Farm land and BTC and ETH .
Hey buddy
Yeah, depending on solely on one plan is probably the best idea at all. That is why diversifying the assets in several different ways.
While yeah, I am also thinking of making investment on physical assets in teh coming days and that also includes gold,silver and probably a land as you suggested. Hopefully will get tham ASAP ;)
The price increase of #HIVE will definitely help a lot ;)
Hmm that's something very interesting you mention there bro. I never considered saving up from the H-E profits, maybe I'll look into that as well!
Yeah, doc. Think about it ;) Besides the way things are going who knows what will erupt at what moment. So better be on the safe side :)
Haha yeah, these H-E tokens are blowing my mind off....konta chere konta rakhi obostha hoye jacche bhai :v :v