Back in 2011 when I was a MBA student, one of my professors told me to go and buy $100 worth of Bitcoin. If I remember , bitcoin was only $0.05 at the time. That investment today could worth around $100,000,000. of course I would have sold it much sooner to take the profit out, but my point here is the opportunity that I had.
Since then I have been investing 20% of my income in stocks and cryptos, but my strategy has been always long term.
In this article I’m talking about my personal experience, and I’m not advising what you should do. You should discuss this with your financial advisor.
Why I Never Lost Money in Stock Market and Cryptos?
There is always correction, market crash and companies that don’t perform. However, I never lost money in stocks or cryptos, and that’s because I never put all my money in a single stock or crypto. I always diversified between high risk, medium risk and low risk stocks and cryptos.
My Favorite Long Term, Low Risk Stocks
Here is the list of my favorite stocks that never failed me
Long Term, High Risk, High Reward Stocks
- Lucid Motors
With millions of doses already being contracted for with different countries, Novavax is my all time favorite stock. The 3 drug that I’m looking forward to, COVID-19 vaccine, Malaria and Nanuflu can be a game changer for Novavax. Therefore, I personally believe Novavax is one of the best stocks ever to invest in. Of course there is high risk involved, but this is my point of view.
Medium Risk, Stocks withHigh Return Possibility
- Big Commerce
Best Cryptos to Invest in 2021
- Algorand (ALGO) 4% APY
- Solana (SOL)
- Polymath (POLY)
- Ethereum 2 (ETH2) 5% APY
- Cardano (ADA)
- Shiba INU (SHIB)
- Dougcoin (Doug)
- Internet Computer (ICP)
- Bitcoin (BTC)
- Polkadot (DOT)
- Chainlink (Link)
- Polygon (MATIC)
Strategy to Make Money in Stocks and Cryptos
As I mentioned above, my strategy always has been to diversity. IN addition listening to the news, you may do some good judgment calls,. for example when Elon Musk mentioned Tesla is going to stop accepting Bitcoin, I immediately sold my Bitcoin at around $57,000. guess what!? It dropped to $30,000. Of course there were were more reasons for the drop in the value, but my judgment call helped almost double my Bitcoins. if you are looking for the smart way to make money in stocks or cryptos I’ve listed my top personal strategies below.
Here are the my top strategies to make money in stocks and cryptos
- Buy Cryptos that offer APY. For example, Algorand (ALGO) offers 4% APY
- Always discuss your investments with a reliable financial advisor
- Don’t buy on top of the market. there is always a correction and opportunities.
- Be patience.
- When there is major correction, it might be good time to buy
- Don’t sell when there is a correction
- Listen to earning calls of the companies you invest in
If you are going to invest in any stocks or cryptos, you should do your own research and talk with an expert financial advisor. Above are just my personal ideas.