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Mika

Expert Mind
Ask Mika
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  1. Asked: September 1, 2023In: Money & Business

    How do you know an investment would be profitable?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:10 am

    There is no such device that will tell you whether your investment will succeed or not, if there was such measurement tool everyone would make profits. However, if you pay attention to the market performance you can identify profitable assets and invest in those assets to make guaranteed profits. HoRead more

    There is no such device that will tell you whether your investment will succeed or not, if there was such measurement tool everyone would make profits. However, if you pay attention to the market performance you can identify profitable assets and invest in those assets to make guaranteed profits. However, you need to remember, even the profitable assets will lose value during the bearish rull

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  2. Asked: April 29, 2024In: Money & Business

    How much should you save for emergencies?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:08 am

    No one can give you a definitive answer to this question, some say you need at least 4 months of expenses on your emergency account and some say you need at least 12 months of expenses. The amount of money you need in your emergency fund depends on your personal requirement. Emergency funds are notRead more

    No one can give you a definitive answer to this question, some say you need at least 4 months of expenses on your emergency account and some say you need at least 12 months of expenses. The amount of money you need in your emergency fund depends on your personal requirement. Emergency funds are not just for covering your monthly expenses when you lose income.

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  3. Asked: April 22, 2024In: Money & Business

    Should you rent furniture for a rented apartment?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:06 am

    It depends on how long you would be living in that apartment. If you are living for a long time, let's say 3-4 years, you should be buying your own furniture instead of renting furniture. However, if you are staying for short period, something like less then a year, renting furniture can be a betterRead more

    It depends on how long you would be living in that apartment. If you are living for a long time, let’s say 3-4 years, you should be buying your own furniture instead of renting furniture. However, if you are staying for short period, something like less then a year, renting furniture can be a better idea. You can also buy used furniture instead of renting

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  4. Asked: September 25, 2023In: Money & Business

    What can a delicious food do to customers ?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 4:58 am

    How the food taste determines how many customers your restaurant will have because if you serve delicious food, your restaurant will not only have returning customers but also your customers will do word of mouth marketing and you will start seeing a lot of customers. However, taste is not the onlyRead more

    How the food taste determines how many customers your restaurant will have because if you serve delicious food, your restaurant will not only have returning customers but also your customers will do word of mouth marketing and you will start seeing a lot of customers. However, taste is not the only thing that determines sales, your food also need to be affordable

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  5. Asked: April 26, 2024In: Money & Business

    What's Your Experience with Automatic Savings??

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 4:53 am

    I don't do automatic saving. When I receive payment for my work, I manually deduct 10 percent and send the money to my saving account. Once my savings grow, I send the funds to my investment account and from my investment account, I started investing. I don't do automatic savings because my income fRead more

    I don’t do automatic saving. When I receive payment for my work, I manually deduct 10 percent and send the money to my saving account. Once my savings grow, I send the funds to my investment account and from my investment account, I started investing. I don’t do automatic savings because my income fluctuate and sometimes I am not even able to save a penny

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  6. Asked: April 19, 2024In: Money & Business

    Is the process of buying shares easy for you?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 4:51 am

    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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  7. Asked: August 27, 2023In: Money & Business

    How to make money in real estate investment?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:30 am

    There are multiple ways to make money form real estate. The best one is to buy property and rent it out and collect rental income. This method brings you regular income even when the real estate market is down. If you cannot buy property another best method is to become an agent. You earn commissionRead more

    There are multiple ways to make money form real estate. The best one is to buy property and rent it out and collect rental income. This method brings you regular income even when the real estate market is down. If you cannot buy property another best method is to become an agent. You earn commission when you sell properties, and you don’t need any investment.

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  8. Asked: August 28, 2023In: Money & Business

    How To Make Money As An Online Vendor?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:28 am

    Multiple options exist for selling online.You can sell from social media platforms, you can sell from ecommerce platforms. You can sell from your own website. Selling from social platforms is free, but you need to built a lot of followers and traffic before you can sell. Some ecommerce sites are freRead more

    Multiple options exist for selling online.You can sell from social media platforms, you can sell from ecommerce platforms. You can sell from your own website. Selling from social platforms is free, but you need to built a lot of followers and traffic before you can sell. Some ecommerce sites are free to use and even those that have fees have nominal fees. It costs a lot of money to start your own site

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  9. Asked: April 28, 2024In: Crypto & Forex

    Do you need to risk a small budget?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:26 am

    Well, you can invest $10 in Bitcoin and Ethereum and it is less likely that you will lose money as these are some of the most secured crypto assets, but how far can you go with $10 investment, I mean how much can you earn? Not very much. But if you invest the same amount on meme coin, you can earn wRead more

    Well, you can invest $10 in Bitcoin and Ethereum and it is less likely that you will lose money as these are some of the most secured crypto assets, but how far can you go with $10 investment, I mean how much can you earn? Not very much. But if you invest the same amount on meme coin, you can earn well. But even when you lose you lose just $10 investment.YOu can take risks with small investment

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  10. Asked: April 28, 2024In: Crypto & Forex

    Is it worth taking a crypto loan?

    Mika
    Mika Expert Mind
    Added an answer on April 29, 2024 at 4:23 am

    If you have crypto assets and if you need money for a short term but do not want to sell your crypto assets, getting a crypto loan can be really good. However, if you want a loan and you might not be able to pay back for a long time, it is better to sell your assets instead of getting a loan and cryRead more

    If you have crypto assets and if you need money for a short term but do not want to sell your crypto assets, getting a crypto loan can be really good. However, if you want a loan and you might not be able to pay back for a long time, it is better to sell your assets instead of getting a loan and crypto loan is not very good option for long term loan

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