Invest

Asset Building You Should Avoid These Mistakes!

Pinterest LinkedIn Tumblr

Unrealistic goals are tricky

Asset Building You Should Avoid These Mistakes! Anyone can set the goal of becoming a millionaire in a few years would like to. But is this goal really realistic for you?
Set feasible goals and plan your investments strategically!
Which investment horizon suits you? What amount can you put aside regularly? What risk are you willing to take?
Basically: The risk should always be in a healthy proportion to return. You should get protection against existential risks from separate the investment.

Also take inflation into account!

Plan the depreciation of your wealth due to inflation with a. So you won’t get a nasty surprise with long-term investments, when there is no longer an adequate equivalent value for the saved.

Asset Building You Should Avoid These Mistakes!

Don’t be blinded

High interest rates – zero percent risk? That only exists in theory! Ultimately every investment, however low-risk, harbors a minimum of uncertainty. An especially attractive “safe investment” offer you have to study it very carefully. Also consider: all costs and fees determine your total return.

Don’t just bet on a horse

Individual investments with large sums generally involve a high level of risk. You should therefore never invest most or even all of your assets in a single investment, but always spread your assets over several plants.

Invest or Speculate?

The balance between the aspects of security and return is designed difficult. Therefore, first find out which type of investor. You are and then try with your investments to find the right balance.

Don’t let yourself be persuaded

As a rule, only invest your money in investments that you understand. Don’t let yourself be rushed and read the fine print carefully. A financial advisor should always act in your interests and inform you in detail about the opportunities and risks of the individual investments.

Tax benefits aren’t everything

Some investors decide to invest solely because of possible tax advantages. This can be, for example, some Riester products or certain types of funds. Tax laws can change every year. Therefore, you should not use tax advantages as the sole criterion for deciding whether or not to invest

Don’t get sluggish

Those who build up wealth over the long term often tend not to change their investments. However, if you do so, you run the risk of losing assets or not realizing untapped potential. You should therefore check your investments at least once a year. Make adjustments as your life circumstances or needs change.

Write A Comment

  • bitcoinBitcoin (BTC) $ 24,161.00 2.48%
  • ethereumEthereum (ETH) $ 1,907.33 4.55%
  • tetherTether (USDT) $ 0.999486 0.16%
  • usd-coinUSD Coin (USDC) $ 1.00 0.14%
  • bnbBNB (BNB) $ 317.35 4.05%
  • cardanoCardano (ADA) $ 0.554837 5.81%
  • xrpXRP (XRP) $ 0.374027 3.53%
  • binance-usdBinance USD (BUSD) $ 0.997884 0.62%
  • solanaSolana (SOL) $ 43.96 7.68%
  • dogecoinDogecoin (DOGE) $ 0.077430 0.87%
  • polkadotPolkadot (DOT) $ 8.85 7.1%
  • shiba-inuShiba Inu (SHIB) $ 0.000016 6.36%
  • staked-etherLido Staked Ether (STETH) $ 1,860.39 4.41%
  • avalanche-2Avalanche (AVAX) $ 27.54 6.74%
  • matic-networkPolygon (MATIC) $ 0.970695 6.51%
  • daiDai (DAI) $ 0.999190 0.4%
  • tronTRON (TRX) $ 0.069305 2.07%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,185.00 2.36%
  • ethereum-classicEthereum Classic (ETC) $ 41.54 5.7%
  • okbOKB (OKB) $ 21.46 4.93%
  • leo-tokenLEO Token (LEO) $ 5.24 5.39%
  • litecoinLitecoin (LTC) $ 61.81 5.15%
  • nearNEAR Protocol (NEAR) $ 5.49 7.03%
  • ftx-tokenFTX (FTT) $ 30.59 3.83%
  • chainlinkChainlink (LINK) $ 8.57 7.84%
  • uniswapUniswap (UNI) $ 8.70 7.7%
  • crypto-com-chainCronos (CRO) $ 0.151350 3.16%
  • cosmosCosmos Hub (ATOM) $ 11.36 6.45%
  • stellarStellar (XLM) $ 0.124387 3.41%
  • moneroMonero (XMR) $ 165.85 1.34%
  • flowFlow (FLOW) $ 2.79 5.17%
  • bitcoin-cashBitcoin Cash (BCH) $ 135.71 6.89%
  • algorandAlgorand (ALGO) $ 0.360026 5.56%
  • vechainVeChain (VET) $ 0.031667 6.39%
  • filecoinFilecoin (FIL) $ 8.14 5.97%
  • internet-computerInternet Computer (ICP) $ 7.82 6.45%
  • apecoinApeCoin (APE) $ 6.32 7.48%
  • decentralandDecentraland (MANA) $ 1.06 4.63%
  • chain-2Chain (XCN) $ 0.084571 3.46%
  • the-sandboxThe Sandbox (SAND) $ 1.33 4.56%
  • hedera-hashgraphHedera (HBAR) $ 0.078371 5.25%
  • axie-infinityAxie Infinity (AXS) $ 18.40 6.84%
  • tezosTezos (XTZ) $ 1.80 7.88%
  • celsius-degree-tokenCelsius Network (CEL) $ 3.76 1.29%
  • quant-networkQuant (QNT) $ 117.62 8.56%
  • theta-tokenTheta Network (THETA) $ 1.50 8.33%
  • aaveAave (AAVE) $ 105.14 6.16%
  • lido-daoLido DAO (LDO) $ 2.63 11.35%
  • fraxFrax (FRAX) $ 0.991146 0.98%
  • elrond-erd-2Elrond (EGLD) $ 61.29 7.91%