It's all about money, honey.

in Ecency2 years ago

Greetings friends!

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(Image source: pixabay.com)

As we are aware that these days crypto market is trending in a very low level. Shares price are also going down and it seems that economy (global as as well Indian) will further decline. So, whatever money we have, we should preserve it for the future. However, banks are no a safe place to keep our money because of lots of scams and increasing inflation which is reducing the actual value of our money. So, it is definitely a worst case scenario for us. In one hand value of investment is decreasing and so of the money kept in banks. Hence, it has become necessary for one to adopt a good strategy to keep one's money safe and at least free of losses. Money should be invested wisely as it does not grow on trees.

It seems that market of all kind will decline for a time being. So, it is wise to be alert and keep an eye on prices of assets and investment tools. It is also a good time to invest on such things like cryptos, shares and precious metals. But, it is wise to wait for some time and hodling as panic sale can put one in a big loss. Also, it is good to diversify portfolio. Money should be invested in cryptos, shares, gold and other precious metals and also be kept in banks in order to maintain liquidity. What do you think?

PS: I am not a financial advisor. Please be careful before investing on such things. Money does not grow on trees.
Thank you!

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I thought its a dark story, where the lover married or hooked up with honey for the money...ha!!!

Well... You miss a big point and that is...

the risk of fiat currency devaluation and India is at big risk, coz of fiscal deficit, there is not much Foreign investment as they pulled out, and economy is not doing well...

INR devaluation an happen lke it happened with Sri Lanka..so keeping all your money in banks is not a option... you definitely need to diversify.

USD devaluation is a risk that an happen as well...

What would your diversifiation statergy be???

DYOR...

Select your investment banks wisely...see if they have a provision to reimburse you if there is NPA...

Select good investments...time it wise... I mean don't buy the tops, buy the dips and don't invest the money you can't afford to lose!!

GOOD day...

Keep in mind, its triky time especially for Indian investments because of regulations, so investing in cryptos is hard and every thing will be long term... but everyone has the right to invest where they please, do your research, understanding things indeptply and play smart!!

Good LUck!!

Yay! 🤗
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