Steem Crypto Academy Task for Week 7 by @stream4u : Money Management and Portfolio Management.

Discussing money management.

The love for a coin or token is not a god enough reason to make investment in that coin, irrespective of how much money an individual or an organization has, it is an intelligent money management scheme to be able to carry out research about a coin before any investment at all is made. Investment is an extremely emotional thing to do and in order to succeed there it requires proper research.

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My future plan on money management.

My future plan on money management is to ensure that I make continuous research for the purpose of investment, to think in the direction of using money as a method of making investment is a good skill for money management. Investment is a very good decision and in order to make this plan work out properly, it is a high requirement that the future is focused on efficiently.

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Portfolio management.

Portfolio management is a good money management idea, it involves splitting the available financial resources into different investment assets. Like I have mentioned at the beginning of the post there is a need for efficient research before investment is being made the and splitting the available financial assets into different coins will go a long way in reducing available investment risks.

Portfolio management is a chart that consists of different types of token and the good thing is that it can be arranged according to the pattern of users, you can set your portfolio according to the tokens you are interested in as well as the ones you have.

My experience on a failed investment.

The failed investment experience I have is not cryptocurrency related but I thought at that time that it was a good avenue to invest the little that I have but it turned out that it was a platform that was not strong enough to accommodate lots of users and the platform crumbled thereby making those of us who had put in what we had lose our funds.