Not all are ready to take risks with their money, some of us do love to keep it ideal without any risk at all. Most of us want to earn money without risk, but that is not going to happen all the time for sure. For more profit we have to take risks with the money for sure don't you think? If you think you are going increase your wealth by only keeping it ideal and without risking your money then my friend that is not gonna happen.
The thing a simple if you want to earn more you have to invest more and sometimes you have to take more risks. If you are planning to earn a good amount of profit with a small amount of investment that is not gonna happen in a few years but you planning to keep the money for the long term then sure you are going now or not really good profit from that. For that, you do need the magic of compounding.
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Now we do see so many schemes available where you can invest your money, and every single one of them claims to increase your amount by XX rate at the end of x x year. Not all companies keep their promise at the end. Sometimes it is really hard to get the principal amount from those companies. I'm sure you are well aware of if you have or Maybe you have not seen or invested in any companies like this but I am sure you have heard of these companies.
Taking risks with your money doesn't mean you have to invest your money anywhere without even investing anything. Yes, there are so many schemes where you can get a decent amount of return after 10 to 15 years. But if you don't at my long then there are more ways to decent amount of money without even waiting that long but there is are high for sure. Now there are so many ways to invest your money and the good thing is you don't have to visit anywhere physically. Everything will be finished in a few minutes at your fingertips.
Recently I did meet one of my cousin brother, he is working in a private company. I was exploring high all of a sudden he just asked me a lot of questions about the hive. Have a surprised that he is taking an interest in this. Unfortunately didn't get enough time to make posts and all other things, so I recommended he invest in Hive. Had first I was planning to invest his money into hive power. However, after I had a discussion I thought that hbd would be the best option for him.
I did explain to him that he will get 20% Apr (for now )on investing in hbd. I did that it can reduce from 12 to 15% or maybe not. Was still agreed to invest, so he is ready to invest his money I held him to recover his money from an old application that he used for investment purposes a few years ago. In a few days, he will get back his money and he is going invest it in hbd also. He is planning for an SIP on hbd which is really great in my opinion.
We calculated a few things and he was totally satisfied with the calculations and his planning to keep the hbd for almost 30 to 40 years. Which is really a long time for sure but to see the magic of compounding you have to wait for years. Maybe his kids will enjoy the money but he is still happy maybe he will be alive till then. He is gonna invest around 1K INR in hbd and after that, he will stop investing. He wants to diversify his portfolio that is really a good approach for sure Even if he only keeps his money for 5 years he is gonna make it double.
If the APR remains the same. So basically risk is heavyweight We all did notice how the Crypto market is still bearish right now there are so many who are investing in it which is really a good thing. Not sure when I love this going but it will end soon In my opinion this really a good time to invest your money in a trip if nothing negative comes against the crypt of the world. I am also planning to invest in Hive and hbd. Just waiting for my friends to credit my account. I don't want to miss this opportunity not this time what about you?
see you in the next post, till then Keep learning and keep exploring...
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