Since I'm new to investment, I have chosen just 2 ways to invest my assets so far. As a start, I chose Robo-Advisor, StashAway, and I'm investing $200 into it monthly($900 as of now). The other investment I decided to go with was Cryptocurrency. I believe that Cryptocurrency is the future of money and I have invested around $1.9k into it.
That aside, I am now stuck with some excess cash and I'm looking for alternate ways to invest and somewhat diversify my assets. Anyone able to guide me? :)
I also have a significant portion of funds in crypto! I think if you do not mind taking on more risk since you are young you can look at yield farming on DeFi! Its pretty complex but it gets you a handsome return. You can also potentially invest in upcoming projects in the DeFi space for some crazy upside (2x to 10x). I recommending this because I feel as some capital players we should take on more risk rather than investing indices and the traditonal stock markets! Lmk whats in your portfolio for crypto and maybe I can guide you abit!
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Do not rely on market timing.
Also: Bitcoin etc. can be a future winner or, not.
You'll need diversification.
For stock investing a MSCI World ETF could be all You'd ever need, as to that.
Sometimes with our impulses the longterem successful investing approaches seem false, but they are not. The wise one counts on simplicity.
what else to avoid, You could find here:
If you want to have a ROI with lesser risk on your remaininng excess cash, I can recommend
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