<html> <p><img src="http://churchleaders-eszuskq0bptlfh8awbb.stackpathdns.com/wp-content/uploads/2015/01/1.25.aa_.consistency.jpg" width="642" height="428"/></p> <p>Investing is an integral part of everyone's life. But not everyone knows about the rules of investing. Call it a flow in our education system which prepare us to get good grades and teach us how to get a job in the real World but they never told us how can we take our financial and investing decisions. I think this should be a mandatory part of every course and every field because in the end, whatever field or work a person choose, he makes money and if he won't know how to invest his money then he won't be able to get full value from his hard work. </p> <p><strong>So, Investing is very important part of everyone's lives. Some people misunderstand Savings for Investment, rather they are both very different things. Investment multiplies wealth while Saving keeps wealth in the same amount. </strong></p> <p>When it comes to investing, there are many basic rules to follow like proper research before Investing, select the best instrument where you're investing money, your investment goals, consistency while investing and much more. </p> <p>I am going to show some light on the importance of Consistency while making Investment. </p> <p>Consistency is crucially important while making investment especially the volatile investments like in Stocks, Mutual funds, Forex and Cryptocurrencies. It has been seen that whenever people make investment in Stocks and Crypto's, majority of them suffers losses in the end. Why?</p> <p>Its the Consistency they lack in their investing behavior. When a person makes an investment in stocks, his mindset is to earn some profit out of it within target time he set for his investment. Now, if that investment rise in future, then he find it worthy. But everyone knows that volatility of Stock market. What happens when market falls? If the person making investment is not consistent enough to follow an investing pattern, then a sense of fear will force him to sell his investment even if it comes under losses. </p> <p>What a person needs to understand is that Volatility is part of Investment, one cannot diminish it completely. But it can be managed by making Investment plans and following them off consistently. There are some steps or points you can follow to make your Consistency more strong while making investment decisions. </p> <p><img src="http://www.peterspann.com/wp-content/uploads/2017/04/Image_1-1030x395.jpg"/></p> <h2>Make A Real Investment Plan </h2> <p>Investment begins with an investment plan. You have to make a real investment plan, means it should not be vague or unacheivable. It should be based on real investment goals and proper research has been made before making any investment plan. Research the investment instruments thoroughly and choose the best instrument which can suit your purpose of Investment. </p> <p>There are numerous investment options available in the market, i.e. Stocks, Mutul funds, Forex, Commodities, Cryptocurrencies, Real Estate, Debentures, etc. </p> <p>So choose an investment instrument carefully and stick to it consistently. If you keep changing your investment decisions abruptly, then eventually you'll fall under losses.</p> <h2>Diminish The FOMO </h2> <p>FOMO means Fear Of Missing Out. This is a slang word for the anxiety to fall behind when others are making some 'trending' decisions. In the World of investment, FOMO can be proved very dangerous. It's completely opposite of consistency.</p> <p>Let's take an example of a Cryptocurrency, Monero (XMR). At the time of writing this, Monero is at its All time high and still progressing upward. Now, most people will think that just because everyone is buying Monero, then they should too. They get this fear of missing a great opportunity to earn healthy return. So without thinking for a second and following their investment plan consistently, they jump in the middle and throw themselves in a very risky investment position. FOMO mostly results in losses. So its better to avoid it and follow your pre-planned investment plan consistently. </p> <h2>Set Your Investment Risk</h2> <p>Investment comes with a degree of risk. This degree of risk varies with the investment instruments. Like Stocks and cryptocurrencies are the most volatile and riskiest investment instruments currently while mutual funds and Forex comes next and Real Estate comes at last. </p> <p>Its very important to set your investment risk first. You should only put that money in cryptocurrencies which you're willing to loose because of its high volatility. No one knows what could happen in the market the next moment. </p> <p>So its better to be cautious and set your investment risk in advance before making an investment decision and follow it consistently afterwards. </p> <p>Consistency is a deal breaker when it comes to investment irrespective of the area you're investing. </p> <p><strong>Develop it within yourself if you really want to be a good investor.</strong></p> <p>Thanks for reading ..!!</p> <p>Image <a href="http://churchleaders-eszuskq0bptlfh8awbb.stackpathdns.com/wp-content/uploads/2015/01/1.25.aa_.consistency.jpg">1</a>,<a href="http://www.peterspann.com/wp-content/uploads/2017/04/Image_1-1030x395.jpg">2</a></p> </html>
| author | cryptonet |
|---|---|
| permlink | role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else |
| category | investing |
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| cryptonet | 0 | 23,563,836,456 | 100% | ||
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| cement41 | 0 | 154,813,637 | 100% | ||
| wardofdelight | 0 | 736,995,610 | 100% |
Great tips and advice for becoming a serious investor. Consistency is at the forefront of many important aspects of life. Work..health..relationships..whatever it is you do, be sure to be consistent. Thanks for sharing @cryptonet!
| author | dylanjacobson |
|---|---|
| permlink | re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170826t180749816z |
| category | investing |
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You're welcome :)
| author | cryptonet |
|---|---|
| permlink | re-dylanjacobson-re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170826t180852732z |
| category | investing |
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"that Volatility is part of Investment" exactly for any investment no matter how safe it seems!
| author | jerrybanfield |
|---|---|
| permlink | re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170829t174307832z |
| category | investing |
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| alainite | 0 | 123,706,031 | 0.5% | ||
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Yes, that's why we need to be careful while making an investment. Proper research alongwith good knowledge is needed to make a good and foolproof investment decision :)
| author | cryptonet |
|---|---|
| permlink | re-jerrybanfield-re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170829t180533789z |
| category | investing |
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Great article! I wish i could of read it before I started investing 8 months ago, it would of saved me a lot of headaches. Lol.
| author | moderndayhippie |
|---|---|
| permlink | re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170826t183951559z |
| category | investing |
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| cryptonet | 0 | 9,041,937,245 | 39% |
Dont worry, you'll have numerous opportunities in future to make it right :)
| author | cryptonet |
|---|---|
| permlink | re-moderndayhippie-re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170826t184133820z |
| category | investing |
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You are absolutely right, and I've done well since my first mistakes. But hey, if you dont ever fall down you never LEARN to pick urself up, right!? keep the good articles coming and ill keep upvoting them. Take care.
| author | moderndayhippie |
|---|---|
| permlink | re-cryptonet-re-moderndayhippie-re-cryptonet-role-of-consistency-while-making-substantial-investment-whether-in-crypto-or-anywhere-else-20170827t120603483z |
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