Getting rich and become a millionaire is a dream for everyone.
Sometimes it's a taboo but it shouldn't be...
To make money there're just three simple ingredients:
EARN MORE THEN YOU SPEND
SAVE
MAKE REGULAR INVESTMENT
In particular we want to focus our attention on the last point. It you want to make money it's fundamental to invest.
Investments are linked with a long term period. In this case it's important to create a portfolio based on stable and profitable companies and use an approach very conservative.
...Warren Buffett is the master!
We can synthesize his method with "Make your money work for you"...
But you can also invest in the short term. Maybe not the total amount of your portfolio, but a percentage (this % depends by your risk profile). In this case you're not properly an investor, but a speculator.
Look at the following chart:
It represents the percentage increase of Bitcoin and Nasdaq Composite. The comparison is embarrassing... The bitcoin register 3300% in the last 3 years. This kind of performance is difficult to see in the traditional stock exchange.
So two questions are spontaneous:
- What do you wait to invest on crypto?...
- So it's better to be a speculator or an investor on crypto?...
At the end we remember a famous quote:
"Money doesn't sleep"
Gordon Gekko