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spencer
spencerEnlightened Mentor
Asked: July 4, 2024In:

How often should one check his investment, is it better to hand over investment to asset managers or do it yourself?

How often should one check his investment, is it better to hand over investment to asset managers or do it yourself?

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  1. De Mogul
    De Mogul Expert Mind A student

    Personally I don't check my investment very often and the reason why I do that is because I don't like the emotional trauma that comes with checking your portfolio. The only reason why I check my portfolio is when I hear of news that has the tendency of affecting the store that I bought. Or maybe whRead more

    Personally I don’t check my investment very often and the reason why I do that is because I don’t like the emotional trauma that comes with checking your portfolio.

    The only reason why I check my portfolio is when I hear of news that has the tendency of affecting the store that I bought.

    Or maybe when I want to sell the stocks to purchase another one or maybe take my profit.

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spencer
spencerEnlightened Mentor
Asked: July 21, 2024In:

How can I start learning investing with a demo account, what are the apps I should download? What are the resources I can use to get started?

How can I start learning investing with a demo account, what are the apps I should download? What are the resources I can use to get started?

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  1. De Mogul
    De Mogul Expert Mind A student

    Trading with Demo account is very necessary in order to train yourself and build the necessary qualities that is required when you are trading with your main account. When you are trading with a demo account it helps you with the courage and confidence that is needed. It also helps you to see the miRead more

    Trading with Demo account is very necessary in order to train yourself and build the necessary qualities that is required when you are trading with your main account.

    When you are trading with a demo account it helps you with the courage and confidence that is needed.
    It also helps you to see the mistake that will cost you your money while trading with your real account and also help you balance your emotions when trading.

    After using a demo account you should take it slowly when you want to now start using your real money.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In:

I do read about making an investment online and one of such area is in stocks. Some people advised that you can invest in stocks online like on penny stock etc. Have you ever tried this online? What have been ...Read more

I do read about making an investment online and one of such area is in stocks. Some people advised that you can invest in stocks online like on penny stock etc. Have you ever tried this online? What have been your experience? is it worth it at all?

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  1. yusra
    yusra Trusted Adviser

    Investing in online/internet stocks can certainly be viable, but like any investment it comes with risks and considerations: Potential advantages: Huge growth potential as more commerce moves online each year Internet companies benefit from network effects and scaling Low overhead compared to brick-Read more

    Investing in online/internet stocks can certainly be viable, but like any investment it comes with risks and considerations:

    Potential advantages:

    • Huge growth potential as more commerce moves online each year
    • Internet companies benefit from network effects and scaling
    • Low overhead compared to brick-and-mortar businesses
    • Ability to disrupt traditional business models

    Risks/challenges:

    • High competition means constantly innovating and adapting
    • Lower barriers to entry compared to other industries
    • Relatively newer sector so harder to predict long-term winners
    • Potential for technology shifts to disrupt established players
    • Regulatory threats always loom for tech companies

    Tips if investing in internet stocks:

    • Diversify across e-commerce, social media, digital ads, and emerging tech
    • Look for signs of sustainable competitive advantages
    • Focus on companies with clear paths to profitability
    • Be wary of excessive valuations and hype during periods of optimism
    • Maintain small position sizes for individual internet stocks

    On balance, internet stocks can thrive in portfolios, but need balanced exposure like other equities. Given the sector’s growth outlook, they merit consideration while managing risks.

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spencer
spencerEnlightened Mentor
Asked: May 16, 2024In:

Is it possible to turn your investment into a passive income, where you get to make money without actively working for it, what are the steps you can take to make it happen?

Is it possible to turn your investment into a passive income, where you get to make money without actively working for it, what are the steps you can take to make it happen?

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  1. Avarose
    Avarose Enlightened Mentor

    Investing can become a source of passive income, but it usually takes time and planning. To make it happen, you can start by putting money into dividend-paying stocks, bonds, real estate, or other assets that generate regular returns. Reinvesting your earnings, diversifying your investments, and beiRead more

    Investing can become a source of passive income, but it usually takes time and planning. To make it happen, you can start by putting money into dividend-paying stocks, bonds, real estate, or other assets that generate regular returns. Reinvesting your earnings, diversifying your investments, and being patient are key. Over time, these investments can provide steady income without requiring daily work, turning your money into a tool that works for you.

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Mika
MikaExpert Mind
Asked: August 15, 2023In:

Robinhood is a popular investing app. YOu can invest in stocks, ETFs, crypto, etc. by using Robinhood. The platform is normally referred to as a commission-free trading platform. How do you start investing and trading through Robinhood? How much money ...Read more

Robinhood is a popular investing app. YOu can invest in stocks, ETFs, crypto, etc. by using Robinhood. The platform is normally referred to as a commission-free trading platform. How do you start investing and trading through Robinhood? How much money do I need to start?

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  1. yusra
    yusra Trusted Adviser

    Here are some tips for how to invest through the Robinhood app: Get set up - Download the app, connect your bank account, and deposit money you want to invest. Robinhood has no minimum balance requirements. Learn the features - Robinhood allows you to invest in stocks, ETFs, options, and cryptocurreRead more

    Here are some tips for how to invest through the Robinhood app:

    • Get set up – Download the app, connect your bank account, and deposit money you want to invest. Robinhood has no minimum balance requirements.
    • Learn the features – Robinhood allows you to invest in stocks, ETFs, options, and cryptocurrencies commission-free. Understand how the app works.
    • Determine your strategy – Decide if you want to pursue active stock picking, passive index investing, options trading, etc. Your strategy will guide what you invest in.
    • Research investments – Use Robinhood’s news feed, analyst ratings, price charts and other tools to research and evaluate potential investments that fit your strategy.
    • Monitor your portfolio – Robinhood will track your account balance and portfolio performance over time. Watch for dips to buy and highs to sell.
    • Diversify your holdings – Invest across different stocks, sectors, and asset classes. This can help manage your overall risk exposure. Don’t just pick one stock.
    • Use dollar-cost averaging – Invest consistently with fixed dollar amounts over time rather than at one point. This can smooth out volatility.
    • Utilize automatic deposits – Set up recurring transfers from your bank to Robinhood to steadily build your invested funds over time.
    • Learn as you go – Start small, invest regularly, and learn from experience. Refine your strategy over time as you gain investing knowledge.

    The key is doing your research, diversifying wisely, investing for the long-term, and using Robinhood’s tools and features to your advantage. This can lead to profitable investing.

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deucher
deucherActive Contributor
Asked: April 19, 2024In:

About 4 years ago, when I first got acquainted with investments and learned about IPOs, and then you could make a lot of money if you invested in such projects, but the minimum amount was unattainable for me then, and ...Read more

About 4 years ago, when I first got acquainted with investments and learned about IPOs, and then you could make a lot of money if you invested in such projects, but the minimum amount was unattainable for me then, and I did not manage to get into any project, although the profits were not bad then, but now this type of income has completely disappeared because all the projects that enter the market fall very much and all investors lose money. Maybe 1 out of 20 projects will only make a profit. What do you think about it?

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  1. Mika
    Mika Expert Mind

    What exactly is an IPO? Well, IPO or initial public offering is the primary shares issued by a company that has been newly listed on stock exchange for public trading. All companies that you see on the stock market started by listing IPO. IPO is a method where the company raises funds for further deRead more

    What exactly is an IPO? Well, IPO or initial public offering is the primary shares issued by a company that has been newly listed on stock exchange for public trading. All companies that you see on the stock market started by listing IPO. IPO is a method where the company raises funds for further development of the company. If the company is genuine, you will certainly profit

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Alex Johnson
Alex JohnsonNewcomer
Asked: September 4, 2023In:

In my area nowadays i see a lot of young people engaging in driving cabs especially maruwa. Like how much do they earn per day?

In my area nowadays i see a lot of young people engaging in driving cabs especially maruwa.
Like how much do they earn per day?

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  1. Augusta
    Augusta Enlightened Mentor

    The amount each taxi driver earns daily would vary it's can't be the same for everyone because if various reasons which includes the following: The level of activity: Ones driver activities varies, the more a taxi driver is on the road and is a tice the more money and vice versa location: the locatiRead more

    The amount each taxi driver earns daily would vary it’s can’t be the same for everyone because if various reasons which includes the following:

    The level of activity: Ones driver activities varies, the more a taxi driver is on the road and is a tice the more money and vice versa

    location: the location the taxi driver ply also contribute to either higher amount or not. The drivers in high city makes more money than those in the rural areas

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Mika
MikaExpert Mind
Asked: August 7, 2023In:

There are a lot of ways to invest online from investing through investing and trading apps to investing in crypto, online businesses, and other investment programs. Do you think it is safe to invest online? What are the potential risks ...Read more

There are a lot of ways to invest online from investing through investing and trading apps to investing in crypto, online businesses, and other investment programs. Do you think it is safe to invest online? What are the potential risks associated with investing online?

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investing
  1. spencer
    spencer Enlightened Mentor

    It is relative, you have to do your own due diligence before investing in any type scheme, there are a lot of ways out there that you can figure out if a platform is legit or not. Check the WHO.IS website, this will give you details on whether a website is fake or legit, information on when it was cRead more

    It is relative, you have to do your own due diligence before investing in any type scheme, there are a lot of ways out there that you can figure out if a platform is legit or not.

    Check the WHO.IS website, this will give you details on whether a website is fake or legit, information on when it was created, who created it, email addresses etc.

    Another way is through Trustpilot, they have verified reviews where you get to read other people’s experience and make your decision out of that.

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Svishok
SvishokExpert Mind
Asked: September 2, 2023In:

Cryptocurrencies have gained popularity, but they also come with unique risks like extreme price volatility, regulatory uncertainty, and security concerns. Understanding these risks is essential for anyone considering cryptocurrency investments.

Cryptocurrencies have gained popularity, but they also come with unique risks like extreme price volatility, regulatory uncertainty, and security concerns. Understanding these risks is essential for anyone considering cryptocurrency investments.

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    The risks of investing in cryptocurrencies include the volatility of the market, as prices can fluctuate drastically within a short period of time, potentially resulting in significant losses. Additionally, the lack of regulation in the cryptocurrency market may expose investors to scams, fraud, orRead more

    The risks of investing in cryptocurrencies include the volatility of the market, as prices can fluctuate drastically within a short period of time, potentially resulting in significant losses. Additionally, the lack of regulation in the cryptocurrency market may expose investors to scams, fraud, or hacking incidents. Lastly, the infrastructure supporting cryptocurrencies is still developing, which could pose operational risks such as technical glitches or security vulnerabilities.

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Mika
MikaExpert Mind
Asked: August 30, 2023In:

When it comes to investing in stocks, you need to choose the right platform, what platform do you suggest for investing in stocks. What platfor do you use?

When it comes to investing in stocks, you need to choose the right platform, what platform do you suggest for investing in stocks. What platfor do you use?

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  1. Suba
    Suba Knowledge Seeker

    It is very important for novice stock investors to choose the best stock apps platform and be registered with government bodies, so that we are safe and comfortable. That's why personally I prefer local platforms to invest in stocks, such as: SimInvest is available on Playstore and Appstore, StockbiRead more

    It is very important for novice stock investors to choose the best stock apps platform and be registered with government bodies, so that we are safe and comfortable. That’s why personally I prefer local platforms to invest in stocks, such as: SimInvest is available on Playstore and Appstore, Stockbit etc. You can also choose a trusted global stock investment platform, such as eToro, Webull, Ameritrade, Robinhood, Fidelity, etc.

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