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The keyword is always the same, regardless if it's in technology or in any other industry: diversify your investments.
by fosk 11y ago
The keyword is always the same, regardless if it's in technology or in any other industry: diversify your investments.
- jedberg 11y agoThat's great for rich people, but what if I can only afford one house and have just one job with stock options that aren't sellable yet? I'm genuinely curious, how are people diversifying?
- fosk 11y agoIn this case you have two options. 1) Hope that the bubble will burst far ahead in the future to give you enough time to diversify. 2) Double-down with the resources you have, but this involves risk. You have different options here, depending on your resources and the risk that you can afford. You could sell your current property, buy two more for less money, renovate them, sell them after 2/3 months making a profit. Invest the profit, repeat, etc. When making investments you need to count on the resources that you have now, and find ways to move your wealth around and create profit in the process.