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Reading such article reminds me to be extra careful with my OWN money! After all, nobody is more concerned about my money than myself. If I am easily tempted by the market and the ridiculously high returns (greed), then I will be sucked into this system and suffer the consequences which is difficult to bear.
Just because your friends, relatives, colleagues are in it, that does mean you have to trade or invest in it as well .If you are knowledgeable say, in a particular sector due to your research ,etc ,then stay in that area and go deep where you may find gems not easily available to the untrained eyes.
Above all, do not borrow to trade and for such speculative trades, always limit it to 1% of your portfolio.
Reading such article reminds me to be extra careful with my OWN money! After all, nobody is more concerned about my money than myself. If I am easily tempted by the market and the ridiculously high returns (greed), then I will be sucked into this system and suffer the consequences which is difficult to bear.
Just because your friends, relatives, colleagues are in it, that does mean you have to trade or invest in it as well .If you are knowledgeable say, in a particular sector due to your research ,etc ,then stay in that area and go deep where you may find gems not easily available to the untrained eyes.
Above all, do not borrow to trade and for such speculative trades, always limit it to 1% of your portfolio.
Comment:
www.cnbc.com/2022/11...ink-of-collapse.html