by OldGuy » 27 Mar 2025, 10:34
Learning what to invest in is as important as learning how much to invest.
Although a sure way to earn something on your money is to put it in a savings account, inflation is eating away the value of your account faster than any current interest rate is paying. Sure, the balance will rise over time, but the purchasing value is tanking faster than the account value is rising. Putting your money in a savings account is considered a very low risk of loss, but the real loss is unavoidable due to inflation.
The idea of investing is to put your money in something that will rise in value faster than inflation is eating away at your bottom line. It can be a bumpy ride. Investments do not always increase in value. You have to look at each opportunity very closely. The greater the chance of profit the greater the risk. You might find something that sounds like a great opportunity for profit only to have the value drop by more than you invested. Study the offer very carefully and learn all you can about it before you put your hard earned money at risk. Only invest what you can afford to lose.
There are many different opportunities to invest in and you need to make sure you know everything about the offer before you jump in.
The stock market is full of great opportunities with low risks for losses, but it has many more chances at a complete loss if you don't pay close attention. Just remember that the greater the chance at high profits the greater the risk of a complete loss. Always limit your investments to what you can afford to lose.
The cryptocurrency market has seen a very wild ride with huge profits but for every person who has hit the jackpot there are many more who lost everything they invested. Bitcoin started on the concept of an alternate way to buy and sell goods that does not involve “fiat currency”. Problem is, that concept never really developed as planned. It instead became an investment item in itself with a “hodl” mentality.
Talk about faith in fiat currency. Everyone who invests in anything crypto has to have faith in absolutely nothing. There is no real currency involved. There is nothing behind it; no real currency and not even any government. If you somehow lose access to your account, there is no one to help. If there is a widespread power outage or even a crash in internet access, you are not able to touch any of it for the duration. It could be a complete and permanent loss.
Although there are significant opportunities in profits from fine art, you may encounter copycat forgers and junk products worth far less than you might pay for it. You either need dumb luck in a used market sale or you need to become an expert in fine art. Fine art can provide massive profits but it can also be a total loss. Usually a very high risk investment area.
You might consider investing in precious metals. Although gold and silver are most often discussed, there are other considerations for Platinum, Palladium, Rhodium and Copper. “Spot” pricing is the way they are priced on the market and that price often changes by the minute, both up and down. You have to monitor the trend, buy when the price dips and sell when it has a significant rise in value.
The biggest danger with precious metals comes from unscrupulous vendors who make their profits by manufacturing fake products, such as pot metal coated with a thin covering of your metal choice and selling them as the real thing. You either need to learn how to tell the differences yourself or make a point of always buying from a reputable dealer. Reputable dealers sell at spot pricing plus a quoted premium. They make their own profits on the premium rather than a mark up in the metal price itself. Gold and silver are both in a current bull market (long term expected increases in value) with very low risk of losses.
Those are all just a few examples of investment opportunities. Do your own studies and find something of personal interest to invest in. Point is, if you want to make more than you can with a simple savings account, invest in something every month so you can live like a king when you go past retirement age.
Don't forget the sage advice; 'Don't put all your eggs in the same basket." Diversify. A dip here can be made up by profits elsewhere.
Learning what to invest in is as important as learning how much to invest.
Although a sure way to earn something on your money is to put it in a savings account, inflation is eating away the value of your account faster than any current interest rate is paying. Sure, the balance will rise over time, but the purchasing value is tanking faster than the account value is rising. Putting your money in a savings account is considered a very low risk of loss, but the real loss is unavoidable due to inflation.
The idea of investing is to put your money in something that will rise in value faster than inflation is eating away at your bottom line. It can be a bumpy ride. Investments do not always increase in value. You have to look at each opportunity very closely. The greater the chance of profit the greater the risk. You might find something that sounds like a great opportunity for profit only to have the value drop by more than you invested. Study the offer very carefully and learn all you can about it before you put your hard earned money at risk. Only invest what you can afford to lose.
There are many different opportunities to invest in and you need to make sure you know everything about the offer before you jump in.
The stock market is full of great opportunities with low risks for losses, but it has many more chances at a complete loss if you don't pay close attention. Just remember that the greater the chance at high profits the greater the risk of a complete loss. Always limit your investments to what you can afford to lose.
The cryptocurrency market has seen a very wild ride with huge profits but for every person who has hit the jackpot there are many more who lost everything they invested. Bitcoin started on the concept of an alternate way to buy and sell goods that does not involve “fiat currency”. Problem is, that concept never really developed as planned. It instead became an investment item in itself with a “hodl” mentality.
Talk about faith in fiat currency. Everyone who invests in anything crypto has to have faith in absolutely nothing. There is no real currency involved. There is nothing behind it; no real currency and not even any government. If you somehow lose access to your account, there is no one to help. If there is a widespread power outage or even a crash in internet access, you are not able to touch any of it for the duration. It could be a complete and permanent loss.
Although there are significant opportunities in profits from fine art, you may encounter copycat forgers and junk products worth far less than you might pay for it. You either need dumb luck in a used market sale or you need to become an expert in fine art. Fine art can provide massive profits but it can also be a total loss. Usually a very high risk investment area.
You might consider investing in precious metals. Although gold and silver are most often discussed, there are other considerations for Platinum, Palladium, Rhodium and Copper. “Spot” pricing is the way they are priced on the market and that price often changes by the minute, both up and down. You have to monitor the trend, buy when the price dips and sell when it has a significant rise in value.
The biggest danger with precious metals comes from unscrupulous vendors who make their profits by manufacturing fake products, such as pot metal coated with a thin covering of your metal choice and selling them as the real thing. You either need to learn how to tell the differences yourself or make a point of always buying from a reputable dealer. Reputable dealers sell at spot pricing plus a quoted premium. They make their own profits on the premium rather than a mark up in the metal price itself. Gold and silver are both in a current bull market (long term expected increases in value) with very low risk of losses.
Those are all just a few examples of investment opportunities. Do your own studies and find something of personal interest to invest in. Point is, if you want to make more than you can with a simple savings account, invest in something every month so you can live like a king when you go past retirement age.
Don't forget the sage advice; 'Don't put all your eggs in the same basket." Diversify. A dip here can be made up by profits elsewhere.
