Invest what you can afford to lose!

MoneyTec Forums Beginners Forum Invest what you can afford to lose!

This topic contains 7 replies, has 7 voices, and was last updated by  Dr.Infinite 2 weeks, 1 day ago.

Viewing 8 posts - 1 through 8 (of 8 total)
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  • #1552

    ImBustedNoob
    Participant
    • 22

    There are so many people I have been in contact with who are making the investments even when they can’t afford it and even when they have little to no idea about things. It is what makes them struggle badly with taking unnecessary pressure on.

    If we want to be successful then we should never take unnecessary risk or else, it will not work out in our favor at all. So, my short advice is never to invest what you can’t afford to lose!

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    #1557

    Dr.Infinite
    Participant
    • 22

    No one out there can afford to lose out on any amount. But, I agree that at the end of the day, I will not want to invest the amount that is saved for paying bills or my kid school fees, I mean such things can’t be put on.

    I absolutely believe that we need to ensure that we take very much calculated risk and that is by a calculated way to do things. At least, I am on the track for that stuff.

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    #1622

    Zuko
    Participant
    • 14

    I can’t afford to lose but I still invest. It is logical only because nothing comes risk free. If there was no fear or risk, then things would be so easy, but life is not meant to be easy.

    So, we still need to go ahead and be strong, it is the ONLY way we will have a truly successful career. If we fail, at least we did try instead of sitting with fear.

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    #1642

    FxTT
    Member
    • 24

    I always take very careful approach when trading with my own funds, as I know how much it could impact me in long term if I am not properly prepared. I not just do that, but I also ensure that even with the invested amount, I keep up with tight money management. It is the way you will succeed and avoid any unnecessary situations.

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    #1689

    Isk
    Member
    • 10

    FxTT, so does that mean you are careless when trading with others fund? Anyhow, I think habits are crucial, so we MUST have right habits in order to become a success story. It all starts with discipline, staying calm and planning well. If we ever try to go for shortcut, then we will not be able to get things working out.

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    #1739

    Coleen
    Member
    • 26

    Many people don’t understand the actual meaning of “invest what you can afford to lose”, as that’s the reason we see so many comments which hardly make sense. Invest what you can afford to lose is not like I can’t afford to lose anything, it is necessary to invest if you are to grow.

    But, the investment should not be like putting your house on hold or something like that, as it is not going to help. So, that’s why we need to use whatever available extra money we have.

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    #2072

    FXGuru
    Participant
    • 46

    It’s pretty much common sense that we invest what we can AFFORD to lose, as there is just no other way. IF we try to take unnecessary risk, there is major chance that we might get stuck. So, we MUST avoid that happening at ANY cost. I go with FreshForex, and under them, it’s just too simple. They have small spreads, high leverages and so many such facilities. My favourite is their 101% Tradable Deposit Bonus, which makes working too easy.

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    #2073

    Dr.Infinite
    Participant
    • 22

    Losing is not so much fun, so not many are keen over it. But realistically you need to be brave to succeed, but the line is so thin between bravery and stupidity, that it’s too often crossed. I keep it all simple, and that’s how I am able to pull everything right in almost every situation.

    I like Amazon like stocks so much. Right now, I check AMZN forecast almost daily, it gives great idea on how things could work out, and once you have awareness, then you find everything easier

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