Planning to rehab a dilapidated house to rent it out? The major upside of this approach is that run down houses can be cheap to acquire and you can often offer way under market valve because the demand for them with be low. Of course, the downside of this approach is that they also come with a lot of downstream work and expense. [Read more…] about How to Rehab a Dilapidated House for Renting
If you’re considering becoming a real estate investor, then one of the simplest ways to do it is to buy land. Why is this?
It’s because land has inherent value, it tends to go up in price over long periods of time, and perhaps most importantly, there is a fixed supply of it. For these reasons, many real estate investors like to buy land in the “path of progress” and then hold it until it can be sold for a hefty profit. [Read more…] about A Guide to the Different Types of Land Surveys
Buying a home is a big decision that has many financial and personal outcomes. Before you start, you will want to learn more about the mortgage process, including the real estate term, multiple on invested capital (MOIC).
If you’re new to to real estate investing, you might ask, what is MOIC in real estate? And how does it help you make decisions or affect your investment? [Read more…] about What Is a MOIC in Real Estate?
Did you know that the cryptocurrency market cap is just over a trillion dollars? Crypto trading strategies are necessary because you can invest and make money from the 22nd-largest global economy by gross domestic product.
However, there can be thousands of cryptocurrencies in active circulation. This can make the world of crypto tricky for a new investor. Here are the best 5 trading crypto tips to help you make the most returns.
Crypto Trading Strategies
Nearly 20% of Americans use cryptocurrency in some form or fashion. Therefore, it is essential to do your research to learn about crypto and why it is reshaping many industries.
Millions of people use Blockchain wallets worldwide because cryptocurrency is the fasting growing technology in history. Previously, the two fastest growth markets were mobile phones and the internet—both of which are ubiquitous today.
1. Planning Your Strategy
Since there is a lot of money involved in crypto trading, you should be wary of many scams targeting vulnerable investors.
There are quite a few sharks out there, so always be careful to keep your private key and wallet safe. If you are confronted by information about crypto that sounds too good to be true, immediately take a step back from the hype.
Over the past year, several major cryptocurrency exchanges have gone bankrupt, including FTX, Voyager, and Celsius Network. As these bankruptcies confirm, you never want to store your cryptocurrency on third party platforms.
Instead, get a cold wallet and secure your cryptocurrency yourself.
Put simply, look critically at any platform or asset. Stay away from coins that promise the world without delivering any tangible results and don’t store your crypto assets anywhere that you don’t control the keys.
2. Manage Risks
Always set limits on how much you want to invest in a digital currency. When researching different coins, avoid putting down more money than you have. You should only invest money you can afford to lose if things go wrong.
There are too many devastating stories of investors losing their livelihoods on the wrong investments.
Remember that cryptocurrency trading is a highly volatile and risky business. The more security and knowledge you have, your investments will be safer.
If you’re new to the cryptocurrency arena, you’d likely do well to stick to the most popular coins with the largest market cap and greatest adoption to date by the public. Currently, these coins are Bitcoin and Ethereum.
If you want to own an asset with a fixed supply that is likely to be a good store of value over time, then Bitcoin is a logical play. However, if you want to bet on cryptocurrency technology at large, Ethereum would be a logical play.
3. Diversify Your Portfolio
As an investor, you want to be careful not to put all your eggs in one basket. While some investors do bet heavily on particular asset classes where they have great expertise, this is risky to do with cryptocurrencies.
The reason is that the crypto market is both early-stage and highly volatile nature.
When it comes to crypto, consider buying a stake in several of the leading coins, as well as diversifying your investments into other asset classes as well.
4. Invest for the Long Term
When it comes to cryptocurrencies, prices can fall or rise dramatically. It is essential to avoid getting swept up in the craze. Cryptocurrencies are not going to go away anytime soon.
Therefore, you can leave money in the market for months or years. This is the best way to gain incredible long-term rewards without falling for quick profits by selling too quickly.
Personally, I wouldn’t recommend that you invest in cryptocurrencies unless you have at least a five to ten year time horizon.
5. Finding Cryptocurrency ATMs
While there are many ways to buy crypto assets, one of the easiest is to use a crypto ATM. Crypto ATMs can help complete your transactions within minutes.
Once the money has been inserted into an ATM, a purchase is executed for the total payment amount if you have a buy order.
Even for a sell order, most ATMs make it so that you never need to wait days to get your money. Check out Byte Federal for the most reliable Bitcoin ATMs near you.
Invest in Cryptocurrency Today
Now that you know the best crypto trading strategies, it is time to find the right coins to invest in. Remember to do plenty of research to avoid making the same mistakes as other investors.
Stay in the long-term game to avoid cashing out too quickly, especially if your coins increase further in value. If you enjoyed reading this crypto guide, check out some of our other finance posts for more.
If you want to build real wealth, you’ll need more than a paycheck. You’ll need investments. According to most financial experts, the best form of investment for the average person today remains in real estate.
It’s easy enough to make money in real estate if you know what you’re doing. All you need to do is employ a few smart strategies for success. With a little intel on your side, you could be making money in no time.
What do you need to know about bringing in real estate income from investment properties? Read on and we’ll walk you through the basics. [Read more…] about Make Money in Real Estate: 3 Strategies for Success