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RE: Wealth Tips - Cost Average for Investing

in LeoFinance3 years ago (edited)

I've done some foolish things over time. I've spent more than I should have for something and also tried to catch the knife and failed a few times. I got lucky once or twice and got it but it was a bloody ordeal for sure!

I think buying in small bits here and there, more so when the prices come down, is a great idea. I'm getting to some of my goals through this process and am enjoying the process for sure. It's a slow process and that's totally fine, I just want to ensure that I can make some sustainable investments for the future for a time when we need them. Doing so and keeping an eye on things price wise so we can optimize for when things dip is great. That money grows a lot when things swing up. I've made some really lucky and fortunate snaps in the past that I'm proud of for mainstream tokens but also really enjoying some of the things I've gotten on the Hive landscape without a doubt!

I am also never all-in, I think that's incredibly foolish. It's led me to miss opportunities like 3k bitcoin but hindsight is always 20-20, for me conservative nature helps for sure.

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I am also never all-in, I think that's incredibly foolish.

Better safe than sorry. It's always a good idea to play it safe, because if you invest money you can't afford to lose, you won't be able to hold during the red times.

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I agree! The most successful investors, real investors not assholes that just do insider-trading, are very balanced and will take risk but not too much risk, at least how I think of it. Have to balance the good times with the bad!