Investing Small
I used to think that investing required big pockets, where you need a substantial amount of money before you can turn a profit. I felt that probably a couple of hundred thousand was what you needed, but lately I have been thinking otherwise. What if it is not all about making big moves with big bucks? What about starting small for the little guy, something more like micro-investing?
I came across a video online where a young individual was talking about Bitcoin and how he got in early. That information did not pique much of my interest, but what stuck with me was when he said people have seen the price of Bitcoin at different levels and still did not invest. I think that it might be true that people are only interested in investing when the price is pumping and not when things are down.
The idea of micro-investing stuck with me strongly, of starting small, no matter how little it may be, over a long period of time. I do not know if it is all going to be a simple thing, but the challenge comes from being consistent. It can be hard to pay attention when there is so much going on for you at the moment. There is rent, there is feeding, and there is the daily urgent need for data, which can be the strongest challenge of all. One moment you have data, and the next moment it is all over. These little expenses, when compiled, can be a big one if you look at it on the grand scheme of things. It is not simple mathematics when it comes to investing, and I see why it can be exciting to wait for a large some before going ahead.
Currently, I am of the opinion that the true strength in micro-investing comes from consistency mixed with compound interest. Let's take an example that's ringing in my head at the moment. Imagine you started by paying a small amount of Bitcoin, let's say $10 every month. That means you would have gotten a different entry point for the same capital. It is easier said than done when faced with the different challenges of life and the bills that come with it.
I have a strong belief that the difficult part of investing is more of a psychological problem of waiting for the right time for something big to happen. It is interesting when you think about it. We are probably waiting for that big cheque, big win, a bump in your salary and even in some cases an inheritance. I for sure have had my fair share of waits for the right timing. Which is why I was of the notion that I probably should wait before making the big plays with big dough.
Now, over time, I am beginning to realise that there is no such thing as the right time or when something big happens. It might happen, or when it does not, what next? It is about how far and how I can start with the little things before I know how to handle the big ones. The world is not written in black and white, and there are many more things that could happen before the big break or more things that could require the big cash. This I have come to realise. Just start small, at least that's what I will do.
I am @samostically, a chess player and writer. I love to share the experience I have gained from different battles over the 64 squares and the knowledgeable insights from books I have read. But most importantly, I am a Midnight Owl and I founded the community Midnight Letters.
♟♟♟♟♟♟♟♟♟
Posted Using INLEO
I totally agree with you it how far we can be consistent on starting from small till when to going to be big because at some point you start having the doubt is my investment not going astray cause you might not no when it going to be big thats the true fact but it all depend on your courage and faith and what you believe
Same thing could be said as hive now looking at the current value it low and also opportunity to imvest in it but when when it will rise again you be shocked that when you start saying How Da I Know that language and the fear of wasting money to invest in it when it not going to rise that one self is there
Well Hive is a good example. It's very low and many people are not happy about it. However, just maybe it's a good investment opportunity.
I've come to reason life this way. That small things always matter and this goes down to our finances as well. It takes a lot of discipline and resilience though to start small. And like you said, starting at the right time is one of the concerns or problems.
I always learn from reading your post, this is indeed a wonderful piece.
People tend to forget that small things, prepares us for the big opportunities, it's part of learning and growth.
Start small and appreciate what you do.
There's never a perfect or ordained time, you can always start with whatsoever you have.
Life cannot be predicted.
Thanks for sharing Sam.
Thank you Favour. I'm always happy to see your comments.
This is a wonderful piece of writing that I believe a lot of people can relate to. Personally would liken parts of it to my experience returning to hive. It did take me three years to return because I was clinging to the "right time." Now, I realize how much I've lost to those years by simply not returning on a fine morning in 2023.
I also agree with you on the part of consistency. While it's factual for someone with more capital to earn more profits in Crypto or stocks of any kind, a person with lesser funds can throw in some cash into low-mid risk ventures, every other month, and watch the interest compound. But then again, this can only happen if they play with the tides and stay consistent.
My lesson from this is to start wherever I find my feet, stay consistent, and little by little, increase and spread my drops of capital into seemingly profitable investments. Thank you for sharing this with us.❤️
I'm glad you stopped by and learnt something.
Micro-investing plus compound interest plus a long-term mindset = financial breakthrough. I think the key is volume of solid tokens, and time is a requirement to attain that.
You're very right about investing even in the small way you can and not until you can invest huge but getting to the part of BTC, for me it's not about the amount for investment but about monitoring or to know how the deep and pumping occurs. I've seen and heard people cry over their lost investment because of the risk of it pumping or waiting for pumping and I know people who have become millionaires from BTC investment. So just like I said in a recent post of mine, the circle of people for information you have is very important or if you have a right source for learning on these crypto investments and I can say that has been my hindrance in going into BTC investment and not about the huge or small amount I want to put into it.