Diversification In Outside Investments Other Than Crypto
We must have our portfolio in cryptocurrency but besides crypto, there are some other investments that are also important. We should give first priority to crypto but after that, there are many things that come and we have to choose some of them. Why I am telling you this? We are going to learn this with an example. Let's assume you have invested your whole money in Bitcoin and you are holding your Bitcoin in a ledger wallet so there is no option that you will lose your Bitcoin online by hacking or scam because it is an offline wallet.
Now Your ledger wallet has been stolen that does not matter because you have keys but what if you lost your keys? reason can be anything so we are not going to deep into it. That time you will lose your life saving for sure that is why outside diversification is the most important too. I know you are a die-hard fan of crypto I am too but this is not an argument that you are a crypto fan or not but here is the matter of a systematic investment plan.
You have two best options real estate investment and gold. although real estate investment will give you passive income but gold not. We have talked about investments that give you passive income in the below section. You can also start a business that doesn't take your time and is less risky. We are also going to cover this topic.
An investment that gives you passive income with value
Gold and real estate investments are safe investments but there is a big difference. When you invest in real estate you will earn passive income but another side, gold is not giving you passive income. Yes, you can take a loan in an emergency by using gold But since when has taking a loan become passive income? Also, you are risking your asset because there are many things you have to check because many gold scams are going on and even some banks are doing this cheap thing.
Otherside, Let's say you have purchased a farm which is on the main road and then you built a shopping center there and you are giving those shops on rent. Now you can't imagine how much you are earning here as well as the asset price will grow rapidly. So This is a highly beneficial idea and the smart person will always choose this. There is an alternative option and that is buying a house and giving the house on rent. I am also giving my other house on rent and earning passive income. Now whenever I will get more funds then I have an idea to buy another house and give it on rent. This is the best business.
Businesses that don't use your time
There are some great business ideas. I have one idea in mind that I want to share with you. So the idea is to buy multiple auto-rickshaws and give them on rent. I am not talking about this in the air but this is the reality. My friend already doing this and earning a very good income. But before hiring drivers, you have to check all the things that are related to that person. As a person, he is good or not and it's background. Because if that driver is drinking alcohol then it will create a terrible situation for you in the future.
This is risky but if you can manage then you are in the right direction. There are other vehicle options available for you. So it's all depended on you. But this is a good business idea that not taking you much time and it is like a one-time investment and then normal maintenance expenses. You can choose other business options that do not take your time and country by country it is different so if you belong to another country then your business idea will change too.
So this is the very important information that I wanted to share with you. Diversify your portfolio properly so your life and your kid's life will be happy and safe. That's all for today if you think this is helpful then you can show your support by sharing and upvoting. Have a good day hivers.
Thank you, everyone.
|Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥|
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