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PRATHAM
•

Medial • 6m

If invested in bitcoin decade age you would have 100x return, Is it actually true or just a random statement ⁉️ Let's suppose you invested 100K in Bitcoin decades ago but after few years your investment turned 2X and again after few years it turned

Hawk
•

Medial • 6m

Holding and compounding is the two key aspects of earning a higher return anywhere be it stocks, MFs, crypto or REIT or anyother financial asset instruments

PRATHAM
•

Medial • 6m

Holding is tough coz we always want to secure the profits because there is risks of losing the profits that we are getting right now so many people couldn't hold that much

Hawk
•

Medial • 6m

Well that is why early financial knowledge is important, you need to distribute your in investments to meet your future demands - Emergency funds of 12 months - Medical emergencies should be separate along with policies - Preplanned house and marrai

PRATHAM
•

Medial • 6m

Bro you wrote a post in reply 🫡 But these are tough to execute because the active income might not be as good to maintain all of these stuff

Hawk
•

Medial • 6m

Indeed it is tough but that is why I mentioned it is important for financial education especially at the early school/collg level. When I joinend Barclays what I saw that people when they received their first salary they immediately bought phones on EMIs etc as what corporate companies do is that they assign you a salary account with a credit card which is an immediate dept trap for the first few years of an employee = no savings in any form. Financial literacy is a vast discussion of topic and we too will end up filling 100s of posts with a healthy debate 😁

1 replies

Replies (1)

PRATHAM
•

Medial • 6m

Definitely sir ,I am thinking of starting a series for it - Financial Literacy

1 replies

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