Comment on Anon is your financial advisor
calcopiritus@lemmy.world 1 week agoInvestments are not effort-to-profit. They are risk-to-profit.
There is no such a thing as risk-free investing. If there is an investment with good returns, it means it’s just as easy to lose all that money.
NateNate60@lemmy.world 6 days ago
This is not investing. I did not ever hold significant amounts of cryptocurrency. People would ask me to sell them crypto and then I’d buy it on a crypto exchange and then sell it to them.
I do not believe holding cryptocurrency qualifies as “investing”. It is much closer to gambling as the entire valuation is purely speculative. I get that all investing is gambling to some extent, but it’s not the same as stocks, for example, because holding stocks gives you voting rights for a company’s board of directors and entitles you to a portion of the company’s profits in the form of dividends.
calcopiritus@lemmy.world 6 days ago
Don’t call it investment if you don’t want to, but there’s no such thing as easy money.
If there’s a way to earn money with little effort it means that there’s a big risk.
NateNate60@lemmy.world 6 days ago
As stated in the previous comment:
I understand and agree with everything you said.