3 ms·
I think you can allocate 1 to 5% of your investment money into more risky bets. I did with crypto and was lucky enough to do very well. If I lost my 1%, that wa
by koonsolo 4y ago
I think you can allocate 1 to 5% of your investment money into more risky bets. I did with crypto and was lucky enough to do very well. If I lost my 1%, that was part of the game. The benefit/risk at the time was worth it.
But even there, the most boring strategy works best: hold on to it for several years and sell a part when it becomes too big.
I tried timing the market on stocks and crypto, but it basically can't compete with just holding it.
The biggest problem is of course that you hear these stories how some people made a crazy amount of money, and then "why didn't you know about it?". But you never hear about the people who made nothing.