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There are two investing maxims that you would have heard often: "Cash is king" and "buy low sell high". But thanks to an extraordinary amount of economic stimulus/ money printing, there is a very real possibility of inflation shooting up and seriously reducing the value of your cash holdings. As a result, proactive investors are desperate to put their money into any kind of appreciating asset, including those kinds of alternate or fringe asset classes without fixed standards of value like crypto, NFTs, startups etc.
In these markets, the old maxims might not work as well as they used to. The rules of today are different. "Cash is trash' and 'buy high, sell higher". So what should we regular folk do?
Click here for show notes and free resources: a PDF of 11 Trading Mantras + a simple template for a Trading Journal that professionals use to stay on top of their own trades.
There are two investing maxims that you would have heard often: "Cash is king" and "buy low sell high". But thanks to an extraordinary amount of economic stimulus/ money printing, there is a very real possibility of inflation shooting up and seriously reducing the value of your cash holdings. As a result, proactive investors are desperate to put their money into any kind of appreciating asset, including those kinds of alternate or fringe asset classes without fixed standards of value like crypto, NFTs, startups etc.
In these markets, the old maxims might not work as well as they used to. The rules of today are different. "Cash is trash' and 'buy high, sell higher". So what should we regular folk do?
Click here for show notes and free resources: a PDF of 11 Trading Mantras + a simple template for a Trading Journal that professionals use to stay on top of their own trades.
Learn how to build wealth towards a comfortable and rewarding future with these practical tips and insights from an experienced investor. [Not a certified financial professional so please do your own research before making financial decisions]