[Tendz]

I agree. It's good to prioritise rational thinking and strategic planning in order to weather the economic storm and emerge stronger on the other side.

[cinderella]

2024 was a great year for me. I have made several investments through the year and have enjoyed profits each time. My total balances are now high enough that I no longer need to consider life insurance. My monthly premiums are now simply added to investment deposits. I'm now officially self insured. My heirs will be very happy to see me kick the bucket even though they don't know it yet.

Investments are really something we should have. I also have a few small investments and just recently, they credited the dividend which reached 6.6% and 7.10% respectively for the two investment programs.

[eldavis]

Right now i am just focused on having a better achievement than i had last year when it comes to my financial life.

[cinderella]

Beginning of 2024 was great yes i said its was great because, i was able to open a farm this has been my long time dream to own a fish farm and yes i did it.
Fortunately towards the end of the year, i lost everything because i left my farm to a worker to handle it .This was how i lost everything i worked so hard to achieve so, i will say that 2024 was a year to remember.
Sadly i am yet to recover from the loss hope fully i pray 2025 brings good tidings

If you own the farm, it is still yours. You can start over again. What I don't understand is why did you say that you lost everything?

[nela13]

Financially 2024 was a good year for me, my investments gave me income every month, as I am debt free I can put some more money in investments every month and for this new year I will start to invest in ETFs for the first time.

[cinderella]

That's good to know. Yes, having no loans or debt is a good thing as we can focus on savings and investments. Can you tell us more about ETF?

[nela13]

That's good to know. Yes, having no loans or debt is a good thing as we can focus on savings and investments. Can you tell us more about ETF?

ETFs are Exchange Trading Funds were you can invest your money, you can start with a small amount like 1€.

[cinderella]

Thank you for the information. I have a small amount in bonds, equity smart index and multi-asset income fund. I believe that investing small amount every time will help us grow financially.

[augusta]

Yes financial investment is really good we just have to keep looking out for the best investment to make money off them

[cinderella]

Not all investments will give us what we hoped for. There will be times when we will experience failure. It is best if we could diversify our investment by spreading our capital into different forms of investments.

[nela13]

Thank you for the information. I have a small amount in bonds, equity smart index and multi-asset income fund. I believe that investing small amount every time will help us grow financially.

That is my idea too, Invest a small amount every month. We are investing only 50€ per month but on the long run it will grow.

[Emmaojo]

My dedication to get a good paying job got successful in 2024, and I'm able to have financial savings and investments. All thanks to forum websites that sustained me during my academic period.

[cinderella]

That is my idea too, Invest a small amount every month. We are investing only 50€ per month but on the long run it will grow.

For individuals who are earning a modest amount, parting with big chunk of our income may sometime cause worries on our part. That is why I prefer to invest a small amount. The amount which I can afford to lose.

My dedication to get a good paying job got successful in 2024, and I'm able to have financial savings and investments. All thanks to forum websites that sustained me during my academic period.

That's good to know. I wish you more success this year and the years to come.

[nela13]

The amount which I can afford to lose

We already have our emergency fund with enough money for a year, and savings for our retirement, now we are investing in ETFs in the stock market, but only money that we can afford to lose, something that I don't think will happen. Now is the ideal time to buy stocks and ETFs because the stock market is falling.

[cinderella]

Timing is really important in investment. Now is a good time to secure a position in the market. I am also doing the same but I am focusing more on Cryptocurrency though I also have a small investment in other areas.

[augusta]

The thing is that we should go into we can to large extent rely on . it should not be what is dicey especially with our hard earned money

[Tendz]

That's right. It's wise to be cautious everytime, specially when it comes to our hard earned money.

[cinderella]

That is why we need to do extensive research on the investment program before investing. If our risk tolerance is high, we can go for investments involving higher risk. Though there are also low risk investment which we can try. A combination of both would just be fine.

[augusta]

That's right. It's wise to be cautious everytime, specially when it comes to our hard earned money.

My point exactly you need to know where you dump your hard earned money. One need not to throw money around in the name of investment