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Home»investment»Page 15
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Lens
LensKnowledge Seeker
Asked: September 8, 2023In: Money & Business

How can I diversify my investment portfolio?

Diversification of investment portfolio is very important because it is going to help you mitigate risk and it is also good for risk management.

Diversification of investment portfolio is very important because it is going to help you mitigate risk and it is also good for risk management.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 16, 2024 at 4:32 pm

    You can diversify your investment by getting into different assest investment, sticking to one investment stream will frustrate your efforts because if the stock you're holding is down your money shrinks and then vice versa, it's important to spread your money to crypto and Gold. Or if you can get aRead more

    You can diversify your investment by getting into different assest investment, sticking to one investment stream will frustrate your efforts because if the stock you’re holding is down your money shrinks and then vice versa, it’s important to spread your money to crypto and Gold.

    Or if you can get a profitable forex trader, get them to trade for you and the cover the charges or commision and then offer them a generous profits split.

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Lens
LensKnowledge Seeker
Asked: September 8, 2023In: Money & Business

How can I improve my credit score?

Improving credit score is a thing that we must take very seriously because if you maintain a good credit then we can have access to loans very easily.

Improving credit score is a thing that we must take very seriously because if you maintain a good credit then we can have access to loans very easily.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 10, 2024 at 5:56 am

    Improving your credit score is about paying out debts on time, paying your taxes and maintain a healthy balance between your debt and income, buying stuffs on credit and then paying back when the time is due. Staying away from criminal activities and just being a good citizen overall, a good creditRead more

    Improving your credit score is about paying out debts on time, paying your taxes and maintain a healthy balance between your debt and income, buying stuffs on credit and then paying back when the time is due.

    Staying away from criminal activities and just being a good citizen overall, a good credit score opens up a barrage of opportunities for you like access to bigger loans etc.

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Lens
LensKnowledge Seeker
Asked: September 8, 2023In: Money & Business

What are the roles of financial advisors?

The roles of financial advisors can not be overemphasized especially whenever we want to engage in any kind of investment . The need to hire one may be necessary.

The roles of financial advisors can not be overemphasized especially whenever we want to engage in any kind of investment . The need to hire one may be necessary.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 9, 2024 at 3:50 am

    The role of financial advisors is to help you make wise financial decisions that can help you either grow your income o manage it to avoid losing it to either inflation or bad financial decisions, you can also hire a Financial advisor to handle audits or tax in your business. A financial advisor hasRead more

    The role of financial advisors is to help you make wise financial decisions that can help you either grow your income o manage it to avoid losing it to either inflation or bad financial decisions, you can also hire a Financial advisor to handle audits or tax in your business.

    A financial advisor has a enormous importance to a business owner and can help a business to minimize mistakes in their business.

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Lens
LensKnowledge Seeker
Asked: September 15, 2023In: Crypto & Forex

Can you conduct technical analysis on bitcoin?

Conducting technical analysis on bitcoin is a thing that you must put into consideration because if you want to invest, you must understand how to analyse the chart and also use the technical indicators.

Conducting technical analysis on bitcoin is a thing that you must put into consideration because if you want to invest, you must understand how to analyse the chart and also use the technical indicators.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 9, 2024 at 3:45 am

    Yes, you can conduct a technical analysis on your bitcoin cryptocurrency, any financial Product that has a chart can be analyzed as long as you understand the market movement and the concept of liquidity, support and resistance. You'll be able to analyze the market and know where the market is goingRead more

    Yes, you can conduct a technical analysis on your bitcoin cryptocurrency, any financial Product that has a chart can be analyzed as long as you understand the market movement and the concept of liquidity, support and resistance.

    You’ll be able to analyze the market and know where the market is going to next, it’s good to note that analysis itself is just a part of the game and fundamentals plays a role too.

     

     

     

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Ceejay76
Poll
Ceejay76Newcomer
Asked: August 23, 2023In: Money & Business

Investment or businesss which one is better?

Talking about investing you can earn a lot of money if you invest in a legit platform or a long term project. Also starting a business have a lot of benefit like, you can decide how you want to manage you  ...Read more

Talking about investing you can earn a lot of money if you invest in a legit platform or a long term project.

Also starting a business have a lot of benefit like, you can decide how you want to manage you  shops.

So now between investing and starting a business which one is better?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 7, 2024 at 10:13 am

    For me, I prefer investment because I may not have time to run a business given my full time offline job. But I also know that I can hire someone to manage my business, which also comes with the risk of being stolen from. That is why I like investment, if you find a legit platform or method of invesRead more

    For me, I prefer investment because I may not have time to run a business given my full time offline job. But I also know that I can hire someone to manage my business, which also comes with the risk of being stolen from. That is why I like investment, if you find a legit platform or method of investing, the risks are easier to manage. You just need good knowledge and skills and you an earn passively without putting in too much effort. Investment also offers the ability to diversify into different methods in order to increase income streams while spreading the risks.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: September 15, 2023In: Money & Business

Why do you need emergency fund?

There is need to have an emergency fund in case of unforeseen events and we should understand how can build it. What’s your opinion?

There is need to have an emergency fund in case of unforeseen events and we should understand how can build it. What’s your opinion?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 5, 2024 at 10:14 am

    You need emergency funds as the name implies, to keep you safe during any sort of casualty that may arise due to the randomness of life, it's advisable to build your emergency fund with your salary by saving 10-15% monthly and find ways to reinvest it so that it becomes a bigger amount. The first stRead more

    You need emergency funds as the name implies, to keep you safe during any sort of casualty that may arise due to the randomness of life, it’s advisable to build your emergency fund with your salary by saving 10-15% monthly and find ways to reinvest it so that it becomes a bigger amount.

    The first step of building an emergency fund is to get a source of income where money will be coming in for you.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: June 30, 2024In: Money & Business

How do I revive my online business?

a business goes down in terms of sales and other things. What are the neccesary things to put in place to revive it?

a business goes down in terms of sales and other things. What are the neccesary things to put in place to revive it?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 4, 2024 at 2:01 pm

    You revive your business by studying what actually went wrong and then try to correct it, most people call it quits after they make a loss in their business but the truth is you need grit to be able to succeed. Failure should be a feedback for you that whatever it is you're doing is not working andRead more

    You revive your business by studying what actually went wrong and then try to correct it, most people call it quits after they make a loss in their business but the truth is you need grit to be able to succeed.

    Failure should be a feedback for you that whatever it is you’re doing is not working and you’ll have to change your strategy to be able to win in business.

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Abigael
AbigaelTrusted Adviser
Asked: August 24, 2023In: Money & Business

Do you consider gambling as an investment startegy?

I have seen many people who post on Twitter claiming that gambling is their source of income. That they invest in it and can make money just like any other investment. Well, I think they are just influencers trying to promote ...Read more

I have seen many people who post on Twitter claiming that gambling is their source of income. That they invest in it and can make money just like any other investment.

Well, I think they are just influencers trying to promote gambling sites. Have you ever benefited in gambling as an investment strategy?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 3, 2024 at 12:39 pm

    No, Gambling is not an investment strategy, even though I've heard a lot of people call themselves investors even though what they do is basically gambling, you're better off betting on the market and putting your money in a business, fail, learn from your failure and start allover again. Gambling wRead more

    No, Gambling is not an investment strategy, even though I’ve heard a lot of people call themselves investors even though what they do is basically gambling, you’re better off betting on the market and putting your money in a business, fail, learn from your failure and start allover again.

    Gambling will sure make you addicted and you won’t be able to survive the addiction without seeing a therapist, I’ve seen a lot of people lose everything they own to gambling.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: June 30, 2024In: Money & Business

What are the most lucrative business in your area?

I have been nurturing a business idea for past years, yet I haven’t been able to actualise it. What are the viable business in your area?  

I have been nurturing a business idea for past years, yet I haven’t been able to actualise it. What are the viable business in your area?

 

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 8:15 pm

    The most lucrative business where I live is street food, it's almost like lunch here, everyone buys it because it's crunchy and also satiate you real quick, it also prepared, you don't have to go home and cook at all, you just grab some on the go. It's a bloody business, because you can make sales eRead more

    The most lucrative business where I live is street food, it’s almost like lunch here, everyone buys it because it’s crunchy and also satiate you real quick, it also prepared, you don’t have to go home and cook at all, you just grab some on the go.

    It’s a bloody business, because you can make sales every single day of the week, it’s super lucrative especially if you can get others to manage it.

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Lens
LensKnowledge Seeker
Asked: June 28, 2024In: Money & Business

How long will it take to learn digital skills?

I have the intention to learn some digital skills. I want to know how long it will take me to learn one, especially digital marketing.

I have the intention to learn some digital skills. I want to know how long it will take me to learn one, especially digital marketing.

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