Hello Steemians,
I am not an economist but I always had interest, but until the last 3 years I haven’t really paid attention or used any investment tool, but again, I had willing to be more knowledged and informed about economy things.
So approximately 2 years ago I did my first big (to me) move by exchanging some Turkish Liras yo 4000 Euros at once. After that, I kept that money for a while at 4000, sometimes I augmented sometimes reduced the amount of the money according to my needs, on 2017 November I invested in Stockmarket shares, until then I have been desiring to know about stockmarkets and how those things work..
The only handicap and risk was that the Turkish stockmarket which is called Bist100 had already gone up between the dates 09/16 - 11/17 and people already were in their positions and waiting for a correction in terms of the graphical shape. So it kept increasing until 02/18 and then the trend of going down started.. However with the news of possible Usa and China relations and additional good global news all the stockmarkets around the world went up very quickly and Bist100 almost surpassed a record of consecutively rising 11 days in a row which happened only 10 times in its entire past!
I do not normally like buy and sell method and try to make money through this way I prefer to invest for long term profit.
When it comes to cryptocurrencies the first time ever I met them was February 2017 when I heard about Bitcoin’s unusual activities as it was going up rapidly, it was just about a thousand dollar, I wanted to invest at the time but I could not take that risk easily, so what I did was to wait, in the meanwhile euro dollar currencies were also increasing so I did not want to bother. My actually only activity with cryptos is just using steem, which is enjoyable also.
From time to time era to era Investment tools have their prime, so it is crucial to keep track of the news about economy both globally and nationally. I like stockmarket where I had ups and downs in terms of making money and losing, because it is also fun and interesting to pay attention to daily moves of each stock you’re following, or understanding and analysing the graphs.
I am a person who prefers to assess his money via investment tools, I never invest my money into a car or other types of objects. However, i do not say so for properties because it is more likely you can find good deals and it is more likely for them to pay off after years.
What is your favorite investment tool?
Thank you for reading..