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Re: Invest your savings in the field in which you have good knowledge

Postby augusta » 26 Nov 2023, 10:22

Kalayla wrote:A lot of people just see someone cashing out from a particular investment and they are inspired to go take up that investment. If I can't understand an investment program, you would not see me there.


Yes thafs the way to go. You would save money on investment you know more about.
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Re: Invest your savings in the field in which you have good knowledge

Postby ptrikha21 » 26 Nov 2023, 11:04

Yugocean wrote:Investments based on your interests and experience are often profitable. On the contrary, ....


Or perhaps we spend some years trying to understand how the Stock Market works. Yet if one is not keen on more risky options like Future and Options/Derivatives/Intra Day, then one can do normal trading.
Or invest in Mutual Funds.
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Re: Invest your savings in the field in which you have good knowledge

Postby Treborika » 26 Nov 2023, 11:10

lts practically impossible to succeed in whatever you don't have experience in especially when we deal with businesses.
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Re: Invest your savings in the field in which you have good knowledge

Postby Fidelia » 26 Nov 2023, 13:58

ptrikha21 wrote:
Yugocean wrote:Investments based on your interests and experience are often profitable. On the contrary, ....


Or perhaps we spend some years trying to understand how the Stock Market works. Yet if one is not keen on more risky options like Future and Options/Derivatives/Intra Day, then one can do normal trading.
Or invest in Mutual Funds.
That stocks market investment? I seriously don't understand anything about it. Would take me another 3 years to study it well before going into it.
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Re: Invest your savings in the field in which you have good knowledge

Postby Presh » 26 Nov 2023, 17:55

So many people have told me to invest in crypto trading, and that they would guide kw to make good profits but I am always skeptical because I know nothing about crypto investments.
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Re: Invest your savings in the field in which you have good knowledge

Postby Nsikan » 27 Nov 2023, 04:49

When you struggle to gather some substantial savings qnd you lose it to wrong investment,you know it would stall your financial life because it would take you time to get to that level of savings again.
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Re: Invest your savings in the field in which you have good knowledge

Postby King Belieal » 28 Nov 2023, 04:28

Treborika wrote:lts practically impossible to succeed in whatever you don't have experience in especially when we deal with businesses.
At that point, one would have to depend on luck which has never guaranteed any kind of success for anyone than being intentional.
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Re: Invest your savings in the field in which you have good knowledge

Postby SHAHID987 » 28 Nov 2023, 04:52

Like I am B.Pharmacist, so when I get extra money then it would be good to open my own medical store so I can better operate it because I have all required knowledge about it and somewhat I am expert in this field.
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Re: Invest your savings in the field in which you have good knowledge

Postby Presh » 28 Nov 2023, 05:07

SHAHID987 wrote:Like I am B.Pharmacist, so when I get extra money then it would be good to open my own medical store so I can better operate it because I have all required knowledge about it and somewhat I am expert in this field.
That wouldn't ve difficult for you to operate and run. But imagine you starting an engineering firm now, you are shooting yourself in the leg.
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Re: Invest your savings in the field in which you have good knowledge

Postby Kalayla » 28 Nov 2023, 07:34

SHAHID987 wrote:Like I am B.Pharmacist, so when I get extra money then it would be good to open my own medical store so I can better operate it because I have all required knowledge about it and somewhat I am expert in this field.
But that doesn't mean you shouldn't diversify. You can. Get into related fields in future too. Those fields related to pharmacy that you can easily study and understand.
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