I always try as much as possible to invest about 20% to 30% of my total income. I think that strategy is actually good and of course it is working. Doing it consistently will make me have some good investment.
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This is not the way, instead people should do more researches and find solutions for their problems, they should answer the question that why did they lose their money? After that they can find a solution for it.
Anybody who does not have the conviction to invest in the financial market should not do so. If you are afraid of losing money you may end up losing it because you will be trading under fear.Well, I think that having a fear of losing money is a very common thing because when it comes to trading, nothing is guaranteed at all. This is why many people do not invest money in the volatile market.
That is great for you. 15% is not a bad amount to invest. I like that you balance between investing and saving. That is very important. You make sure that you have more than one sources of income and some saved for emergencies.I do not know the exact figure of how much I invest per month but more or less I invest 15 percent of my profits, both in cryptocurrencies and stocks sometimes, another part I save it, I think it is very important to invest a stable amount monthly to have healthier finances.
Some people put most of their money in investments, some never invest their money.
What do you think about this? How much of your income do you invest?
Being able to know the amount of money that you can invest from your salary is going to be dependent on the amount of money that you need to take care of your expenses on monthly basis and as a result of that, it is how you can be able to know the amount you can be able to invest. I try to invest 25% of my pay every month.
I do not know the exact figure of how much I invest per month but more or less I invest 15 percent of my profits, both in cryptocurrencies and stocks sometimes, another part I save it, I think it is very important to invest a stable amount monthly to have healthier finances.
Yes, making a budget with your earnings or your money in general is the best way to manage your money correctly and allocate it properly to each area, expenses, investment, savings, payment of debts etc, it is difficult to manage your finances well if you do not make a budget, even if it is a variable budget.It is always a good idea to create a specific investment budget so that you do not end up investing a lots of money. You must also calculate the risk to reward ratio as well apart from creating a fixed budget for your investments.
This is true. One should be able to understand that there are expenses that are very important to be covered and knowing these expenses are very important when it comes to settling bills. So, these expenses should be considered when you are planning on the amount of money you can invest from your monthly salary.
That's a good question. I usually put aside 20% or so for investing. But I also save some for personal use. I would like to save more though.