Hey All;
In the world of investment, the word Diversifying Portfolio is something that is suggested by many financial experts.
In between, I'm not a financial expert but I've noticed myself that diversifying one's financial assets or so-called portfolio is something that one should definitely consider because of the many benefits that it brings to the table.
For tax saving purposes here in India we can invest in a different class of assets. A person can invest in mutual funds for that there is a lockin period of 3 Years, government bonds, public provident fund and there are many other options. So to speak for me, I'm heavily invested i.e. 70% in mutual funds of a varied class, and the remaining percentage is split between government bonds and other options thereby leveraging the benefits Of Portfolio Diversification.
DIVERSIFICATION In Simple Terms...
In very simple words we can say that a diversified portfolio means that a person is spreading the risk of investment in different asset classes. So if one asset class fails to rise you need not worry as the other asset classes will help negate the losses incurred by the asset class which didn't perform well.
HIVE & My Portfolio DIVERSIFICATION
HIVE is a blockchain of opportunities. If you sit down can calculate the opportunities here on HIVE its endless; that's at least my feeling and so to speak frankly and no sugar coating at all.
A sneak peek at my portfolio diversification here on HIVE
Apart from building my portfolio with HIVE tokens, I've been concentrating on the other project that is building here on the HIVE blockchain. When I say concentrating on other projects, I mean that I go look and research about that project that is leveraging the HIVE blockchain and what is it their unique USP [Unique Selling Point]. USP all together is an independent topic to be discussed in detail and that I'll cover in my later posts to come.
As an example, a USP can be a tradable card game like Splinterlands. If you look at leofinance, its everything tied to the finance and crypto space. Hence the point that I'm trying to make is that there has to be a unique USP for a project to succeed.
Talking about my crypto investment and diversification here on HIVE. You can clearly see that I've picked some real GEM projects like Splinterlands, Worker BEE, dCITY, StarBit, leofinance that I added recently and have been building my overall portfolio with the tokens I receive from the mentioned projects.
SIM, Worker BEE, DECs & tokens leveraged to LEO
Continuing to speak about diversification on HIVE and opportunities that we have here is endless. Off lately, I've been converting all my tokens earned via different projects to LEO. This means that I do not need to invest or pump in extra money to buy tokens for a project I like. The projects which are earning a good amount of tokens for you can be leveraged into other projects of one's interest.
Initially, I did invest like 3K HIVE buying LEO tokens. Also did a write for the same and can be found HERE. Buying LEO Tokens Worth 3K+ HIVE and they are now worth.
This was the investment that I did like 7 days ago. Got close to 2.3K LEO for 2.1K HIVE and now if you go on buy this amount of LEO tokens its gonna cost you 3.5K HIVE so here itself I did gain above 1.5K HIVE.
A final note and I'll reiterate my words with respect to diversifying one's portfolio is very important. As diversifications help reduce the risk of investment. So to speak of HIVE and diversification here on the HIVE blockchain one has many options; it's just that you need to look around the development happening and check out on the Unique Selling Point the project has to offer and rest have the patience to yield the maximum profits.
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I just bought many tokens here on HIVE blockchain and have diverfisied my porfolio by investment into different projects like; LEO, BEE, SIM, DECs, Worker BEE etc etc...
Image Credits:: leodex, hive-engine,procanva