Know your friends and enemies

[Starmix]

Beware of false friends who only pretend to be on your side, such as certain unscrupulous investment professionals whose interests may conflict with yours. You must also remember that, as an investor, you are competing with potential investors who have more resources, including greater and faster access to information. Bear in mind you are potentially your own worst enemy. Depending on your personality, strategy, and particular circumstances, you may be sabotaging your own success. You have to be honest with yourself and identify and modify the factors preventing you from investing successfully or moving you away from your comfort zone. Be a smart investor.

 

[Suba]

As far as I know, I have tried my best to be a smart investor, but personally I still lack knowledge about investing. I never rely on other people or hire professionals to choose the type of investment that suits me.

 

[Starmix]

As far as I know, I have tried my best to be a smart investor, but personally I still lack knowledge about investing. I never rely on other people or hire professionals to choose the type of investment that suits me.

In my case, I asked people about Mutual Funds and they suggested it as good only to learn that the manager was crooked. You are right, on your own decision not to trust others as long as you know the flow of your investment and the possible risks.

 

[neku]

Yes, some financial advisors are very cunning, they pretend to be very honest and helping you. Later on they may be involved in financial, identity theft fraud, and falsely claim that someone is the investor.

 

[Starmix]

Yes, some financial advisors are very cunning, they pretend to be very honest and helping you. Later on they may be involved in financial, identity theft fraud, and falsely claim that someone is the investor.

In my first Mutual Fund investment, I only made a very small interest of my capital. The manager told me that I did not make a follow-up of my investment but the issue was after 6 years the money doubled. I quarreled the manager

 

[Suba]

In my first Mutual Fund investment, I only made a very small interest of my capital. The manager told me that I did not make a follow-up of my investment but the issue was after 6 years the money doubled. I quarreled the manager

Mutualfunds are managed by investment managers, so they are safe, on average they only get small returns, but that doesn't mean they are without risk. One of the advantages of investing in mutual funds is that there is no tax per investor, the tax will be imposed on the investment manager.

 

[Starmix]

Mutualfunds are managed by investment managers, so they are safe, on average they only get small returns, but that doesn't mean they are without risk. One of the advantages of investing in mutual funds is that there is no tax per investor, the tax will be imposed on the investment manager.

We were not required to pay tax, what the manager told us was to wait for 5 years duration of our Mutual Funds. After 5 years, people fell in line with long faces, angry at the very small interest of the capital. My capital was $ 1000 and the gain was a total shame.

 

[Suba]

We were not required to pay tax, what the manager told us was to wait for 5 years duration of our Mutual Funds. After 5 years, people fell in line with long faces, angry at the very small interest of the capital. My capital was $ 1000 and the gain was a total shame.

That's right, you don't need to pay tax, because global tax has been paid by the investment manager, whatever instruments you buy in mutual funds so you have to wait five years.

 

[Starmix]

That's right, you don't need to pay tax, because global tax has been paid by the investment manager, whatever instruments you buy in mutual funds so you have to wait five years.

I already told you weeks ago that I withdrew my Mutual Funds and transferred it to postal savings. My money yields a good interest compared to bank and Mutual Funds. I will also invest in Fixed deposit.

 

[Suba]

I already told you weeks ago that I withdrew my Mutual Funds and transferred it to postal savings. My money yields a good interest compared to bank and Mutual Funds. I will also invest in Fixed deposit.

Are you not interested in owning Cocacola shares, Facebook shares or Google shares which will be very profitable, especially for long-term investments. Or you can also invest in crypto so that your heart beats hard every night seeing price fluctuations.

 

[Kirubel]

In my country there is a saying "enemy is better than a fake friend" that means you already know your enemy and you are always watching them and protecting your self from your enemies, but you believe your friends and those friends can hurt you more than anyone.

 

[aninditasen]

Beware of false friends who only pretend to be on your side, such as certain unscrupulous investment professionals whose interests may conflict with yours. You must also remember that, as an investor, you are competing with potential investors who have more resources, including greater and faster access to information. Bear in mind you are potentially your own worst enemy. Depending on your personality, strategy, and particular circumstances, you may be sabotaging your own success. You have to be honest with yourself and identify and modify the factors preventing you from investing successfully or moving you away from your comfort zone. Be a smart investor.

I invest only through my bank so there's no chance of falling in the hands of a fraud.

 

[Starmix]

Are you not interested in owning Cocacola shares, Facebook shares or Google shares which will be very profitable, especially for long-term investments. Or you can also invest in crypto so that your heart beats hard every night seeing price fluctuations.

I already have my crypto provided to me by Sweatcoins, yet am still not happy with it. I am happy with my milk tea business, It is a physical business where I could have a good camaraderie with buyers.

 

[Suba]

I already have my crypto provided to me by Sweatcoins, yet am still not happy with it. I am happy with my milk tea business, It is a physical business where I could have a good camaraderie with buyers.

Sweatcoins are coins that are not promising, it is better for you to hold Bitcoin, you can buy it gradually or withdraw crypto Bitcoin from DBuck every month, in 2025 you can sell it and make a big profit.

 

[Starmix]

Sweatcoins are coins that are not promising, it is better for you to hold Bitcoin, you can buy it gradually or withdraw crypto Bitcoin from DBuck every month, in 2025 you can sell it and make a big profit.

Yes boss, you're so right but where shall we sell our Bitcoins? Where can we find buyers? We need to know if the buyer is a friend or enemy of many Bitcoin sellers.

 

[eLdavis]

Not everyone who calls themselves your friends are actually your friend. Most of them are just waiting for the right opportunity to strike or do whatever they want to do.

 

[Starmix]

You might be right the one we consider friends might be in disguise just to observe the flow of our investment likewise the strategy. That pretender might only want to copy your investment strategy like investing on stocks and fixed deposits.

 

[mhizta chosen]

It's very bad to have friends who doest have your interest owe value you that's is hwy it's important to know who you call your friends. Someone that can motivate you.

 

[Starmix]

We have to be keen, let's do a background check of the person we consider a friend. She or he might have a motive. We don't know that person's mind set and values. It's better be safe than sorry.

 

[mhizta chosen]

We have to be keen, let's do a background check of the person we consider a friend. She or he might have a motive. We don't know that person's mind set and values. It's better be safe than sorry.

You're right my dear, I remember when I ask someone, what do you really like about being friend with someone? I was surprised by her answer. There are some people that are not meant to be friends.