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I’ve tried so hard not to label this post as investment for beginners. This is because I think I need a lot of tutorials as to how I should invest my money. So I take this as a way for me to learn how to invest. Before we start with anything the basics are always important. I think this is the part a lot of people miss out on before they actually start something



. If you want to start a business, do you just get up one day and start the business? Firstly, you need to have an idea of what you wanna do. After the idea, you need to think through that idea you have. Will the idea be a good one? Is that what you want to do? Is that the niche you have always wanted to follow all this while? Is it lucrative enough? 

You don’t just start a business and expect to start raking in a lot of profits in the first year of the business. Well, some are lucky in this regard but not all of us can be lucky. 

It’s the same thing with investment. The business itself is a way of investing your money. For some reason, I don’t want to base this post on building a business as an investment. I like to talk about crypto so let’s see if this will end up in talking about crypto investments. 

After establishing the fact that, you need to set a direction before you think of even investing, now what are the most important factors to consider? 

I feel like a lot of the time we just wanna invest because the opportunity to earn is there so we want to invest. Let’s say I want to take advantage of the 20% APR on savings hbd, will I just get up one day and then put my hbd into savings? I need to have a reason for putting my savings in the savings account. There could be a lot of reasons but the first one is that you want to take advantage of the 20% APR. 

Now you wanna invest but there are not a lot of avenues where you can earn 20% APR by just leaving the money there. Not even a lot of avenues come close to this. As some people will say, even if it’s 1 hbd you will leave there, make sure you are taking advantage of the 20% APR. 

So why are you saving?is the money you are saving meant for a purpose and when the target reaches you will withdraw? I think these are the first few questions you need to ask yourself before you decide on an investment. 

Always learn and understand that no matter the investment there is always a risk. You shouldn’t think that I’ve put my money into this investment and as such am supposed to get this amount of money by the end. Even banks that claim to be better than crypto are not able to pay depositors at times. There are a lot of banks which have swallowed or taken away the life savings of people simply be cash they just couldn’t. 

So you need to know that for higher returns there is more risks. This reminds me of Menz gold in Ghana. You could literally get a huge amount of money just by investing with this company. It was too good to be true but people invested. Some were lucky to get their money out early whiles others haven’t been able to get their money out. 


The most satisfying thing you will hear from me is never to put all your coins in one basket. This always makes me remember the Luna situation. You can spend a huge chunk of time learning about a project and then one day it will turn to dust. This doesn’t apply to only crypto coins but exchanges too. 

You don’t put all your money into an exchange and expect it to be all there when you want it. Store some in hot wallets and store the ones you plan to keep for a long in cold wallets. I always feel like the coins you plan to HODL should be of much priority at times. 

Starting small has always been my motor since day one. My idea of starting is always to start small. Most traders who aren’t there yet come into the crypto space and the first thing they want to buy is btc. Am not discouraging anyone from buying btc but at times I feel like the price has gone very far such that if you don’t have a big number you will be hurting your profits where you could have made much more on eth and others. 


Lastly, you should be patient. You can’t build wealth over one night. If you are saving it means you have a long-term or short-term plan. Work towards achieving the plan instead of trying to spend the little you have saved. It’s a long process which will surely bear fruit one day. 

</This is not financial advice</div>


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