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deucher
deucherActive Contributor
Asked: April 19, 2024In:

Everyone knows about the investor Warren Buffett and how he made his fortune by investing mostly in only one company and that is Coca Cola. He very often repeats that discipline is the key to success and he recommends everyone ...Read more

Everyone knows about the investor Warren Buffett and how he made his fortune by investing mostly in only one company and that is Coca Cola. He very often repeats that discipline is the key to success and he recommends everyone to focus on one or several companies and invest only in them for a long period and then everyone will be able to earn a lot of money. Do you think it is really possible to get rich if you invest all your money in just one share of a well-known company?

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering

    Yes, investing all your wealth in one stock can lead to significant gains if the stock performs well, but it also exposes you to substantial losses if the stock underperforms or experiences setbacks. Diversification helps mitigate this risk by spreading your investments across various assets, sectorRead more

    Yes, investing all your wealth in one stock can lead to significant gains if the stock performs well, but it also exposes you to substantial losses if the stock underperforms or experiences setbacks. Diversification helps mitigate this risk by spreading your investments across various assets, sectors, and geographic regions. This strategy can help protect your wealth against the volatility of individual stocks and improve the overall stability of your investment portfolio.

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deucher
deucherActive Contributor
Asked: April 19, 2024In:

Now society is very developed and such operations are not so complicated, but in my opinion, the process can be simplified to the level of cryptocurrency because it is much easier to buy cryptocurrency and therefore many people choose this ...Read more

Now society is very developed and such operations are not so complicated, but in my opinion, the process can be simplified to the level of cryptocurrency because it is much easier to buy cryptocurrency and therefore many people choose this market precisely because of this factor. Over the years of investing, I have already understood the process and I am quite comfortable, but among beginners I often see problems when they cannot understand the broker and change them very often

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  1. Mika
    Mika Expert Mind

    I have been investing on local share market for many years. Normally, I buy IPOs, instead of secondary shares. IPOs cost low and also have high chances of growing big. I usually invest through my online brokerage accocunt. I have a brokerage account with my broker and I buy and sell stocks through mRead more

    I have been investing on local share market for many years. Normally, I buy IPOs, instead of secondary shares. IPOs cost low and also have high chances of growing big. I usually invest through my online brokerage accocunt. I have a brokerage account with my broker and I buy and sell stocks through my brokerage account without living my house. I can do it through my laptop

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deucher
deucherActive Contributor
Asked: April 19, 2024In:

I thought a lot about such an investment because such bonds of my country offer a very good profit and much higher than a simple investment in a bank, so many people decided to take advantage of this opportunity. However, ...Read more

I thought a lot about such an investment because such bonds of my country offer a very good profit and much higher than a simple investment in a bank, so many people decided to take advantage of this opportunity. However, I haven’t done it yet, because for me the main disadvantage is that I can’t be sure of the payment of profit, since now the financial situation is not very stable and they can simply take my funds at any moment. And also minus that from the profit they will take 100 percent tax in the amount of 15 percent of the amount

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  1. spencer
    spencer Enlightened Mentor

    Government bonds are a great way to preserve wealth, but it's not ideal way to build wealth, because it grows at a very predictable rate, so it's hard to actually grow your bonds, but it's good for growing your wealth, over time you can amass a great wealth. If you can get some percentage like 5% aRead more

    Government bonds are a great way to preserve wealth, but it’s not ideal way to build wealth, because it grows at a very predictable rate, so it’s hard to actually grow your bonds, but it’s good for growing your wealth, over time you can amass a great wealth.

    If you can get some percentage like 5% a year and if you put some millions you’ll be able to make money out of it, but you can’t make some good money if you don’t put good money into it.

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deucher
deucherActive Contributor
Asked: April 19, 2024In:

I believe that everyone would like to increase their income constantly and not stay in one place. I have one factor that I use in order to increase the profit, it is the reinvestment of the profit, and due to ...Read more

I believe that everyone would like to increase their income constantly and not stay in one place. I have one factor that I use in order to increase the profit, it is the reinvestment of the profit, and due to this I receive much more than if I took this profit for myself. Not everyone does this because they want to use the money they earned for themselves, but I know that this method will help me earn more in the future

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  1. Augusta
    Augusta Enlightened Mentor

    Start with Keeping money in an account with the potential to earn higher interest or returns · try to Give your money enough time in the market to grow. Don't give in to volatility · you can Build Wealth Over Time Through Saving and Investing Invest regularly over time Even Invest in training and edRead more

    Start with Keeping money in an account with the potential to earn higher interest or returns · try to Give your money enough time in the market to grow. Don’t give in to volatility · you can Build Wealth Over Time Through Saving and Investing

    Invest regularly over time
    Even Invest in training and education to maximise ROI for a business. Your investment in the business can increase setting measurable key performance indicators is essential to helping increase the return on its investmenIt.

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deucher
deucherActive Contributor
Asked: April 19, 2024In:

Everyone understands that the stock market is a very good opportunity to earn for many, and therefore everyone wants to invest, even those who have very small amounts and they hope for a profit, but in my opinion it makes ...Read more

Everyone understands that the stock market is a very good opportunity to earn for many, and therefore everyone wants to invest, even those who have very small amounts and they hope for a profit, but in my opinion it makes no sense to invest $20 because it will not bring any benefit. If you invest in a well-known company that will grow by 10 percent in a year, you will get a profit of 2 dollars in such a long time, and even for very poor people, this is nothing. It seems to me that such money is better spent on education or some more risky assets that can potentially bring more income

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  1. Mika
    Mika Expert Mind

    You do not have to invest thousands of dollars, you can start with $5-$10. Well, if you have thousands of dollars for investment, that's very good but if you do not have big money you can try to small amount. If you invest big, you will profit big and if you invest small your profits will be small,Read more

    You do not have to invest thousands of dollars, you can start with $5-$10. Well, if you have thousands of dollars for investment, that’s very good but if you do not have big money you can try to small amount. If you invest big, you will profit big and if you invest small your profits will be small, however, if you compound your profit and invest regularly, you can build big assets with small investment.

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deucher
deucherActive Contributor
Asked: April 18, 2024In:

I have been investing for about 4 years and I tried different brokers that were available in my country. I started with little-known brokers whose names I don’t even remember, but it was a positive experience because I learned basic ...Read more

I have been investing for about 4 years and I tried different brokers that were available in my country. I started with little-known brokers whose names I don’t even remember, but it was a positive experience because I learned basic concepts with them. Over time I tried eToro, but it was not a popular exchange in my country and over time they stopped working in our country. Therefore, I decided to try something new as Freedom Finance and I realized that this is what I need for investing. User-friendly app, great support and low fees. More than 70 percent of my investments are through this broker

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deucher
deucherActive Contributor
Asked: April 18, 2024In:

I used to be very similar to such people, because I believed that if the stock is not expensive, it will grow very easily with the first large infusion of funds, but this has never happened, but even now, when ...Read more

I used to be very similar to such people, because I believed that if the stock is not expensive, it will grow very easily with the first large infusion of funds, but this has never happened, but even now, when there is a lot of information that I did not have, people continue to buy such stocks in the hope of profit. I have had the experience of earning money on such shares, but it was an isolated case and I did not earn as much as you might think, but I believe that it is definitely not worth it if you want to build a good portfolio that will constantly bring you profits without a doubt

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investingpennystocks
  1. Mika
    Mika Expert Mind

    Penny stocks are not scamms, they are legit investment. However, sometimes you end up investing in penny stocks that are issued just to scam people. Just like some stocks are scam, some penny stocks are also scam. Just like you can lose money with stock market through short selling, dumping, etc. yoRead more

    Penny stocks are not scamms, they are legit investment. However, sometimes you end up investing in penny stocks that are issued just to scam people. Just like some stocks are scam, some penny stocks are also scam. Just like you can lose money with stock market through short selling, dumping, etc. you make losses with penny stocks through these methods. The key is to identify genuine penny stocks.

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deucher
deucherActive Contributor
Asked: April 18, 2024In:

I very often ask myself such a question because I do not know the ultimate goal to which I am striving. I have general plans, but I have not yet determined the exact amount that will allow me to not ...Read more

I very often ask myself such a question because I do not know the ultimate goal to which I am striving. I have general plans, but I have not yet determined the exact amount that will allow me to not work. I constantly invest the money I earn, so I don’t have any profit left and I have to continue working to pay for my needs, and it’s been like this for more than 5 years. However, I think that as soon as the value of my portfolio crosses the 50 thousand dollar mark, I will be able to stop reinvesting the profit and spend it on myself and my needs

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profitstockswork
  1. Mich_larry
    Mich_larry Active Contributor

    How much profit will make someone stop working depends entirely on their lifestyle, responsibilities, and long-term financial goals. There is no fixed amount, but the real question is whether the profit can consistently cover your living expenses without the business collapsing. To stop working comfRead more

    How much profit will make someone stop working depends entirely on their lifestyle, responsibilities, and long-term financial goals. There is no fixed amount, but the real question is whether the profit can consistently cover your living expenses without the business collapsing. To stop working comfortably, the income must be enough to pay rent, food, bills, transportation, health needs, emergencies, and still leave room for savings. Many people use the rule that you can stop working when your profit is 3–5 times higher than your monthly expenses, and it stays stable for years, not months. You also need backup savings, emergency funds, and a system that runs even when you’re not actively working every day. Without financial discipline and planning, even a high profit can disappear quickly, so the “stop working” point depends more on stability, not just how big the amount looks.

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deucher
deucherActive Contributor
Asked: April 18, 2024In:

When I first started investing, I lost a lot of money on commissions because I didn’t understand what was better to buy and when to sell, so I made a lot of transactions, because of which I spent a lot ...Read more

When I first started investing, I lost a lot of money on commissions because I didn’t understand what was better to buy and when to sell, so I made a lot of transactions, because of which I spent a lot of money that could have been used for investments. I concluded for myself that I should not do this and if I want to buy some shares, I should wait a week in order to understand how long I am going to invest and whether I plan to buy some more and then at the end of the week I buy all the shares together and through I spend much less on commissions

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deucher
deucherActive Contributor
Asked: April 18, 2024In:

I haven’t been investing in shares for a long time, so I don’t have specific training to understand which company’s shares are better for me to buy, so I very often just listen to the opinions of famous people who ...Read more

I haven’t been investing in shares for a long time, so I don’t have specific training to understand which company’s shares are better for me to buy, so I very often just listen to the opinions of famous people who recommend buying or not buying. However, during that period, I determined for myself one most important detail, which is that I only buy shares of well-known companies and never try to take risks by investing in a no-name company and expect a large profit from it

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