October 16, 2020 4:22am CST
hello, now I'm going to tell a story about my investment in cryprocurrency, I invested in one of the bitcoin mining websites, at that time I deposited 100 usd, and damn the web didn't last long (scam), so I think cryptocurrency investment is too risky for beginners, then what do you think is a safe investment for beginners ???
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The safe investment for beginners is Fixed Deposits in reputed banks. We have to always remember that a dollar earned is better than dollar lost. While all other investments with potential to give big returns carry the risk of loosing F.D. s give small assured returns.
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@Miftahcuit I have got some exposure in stock market. It catches you unaware just when you think going is good. I am in stock market since long time but I had given it up. I started again in the month of March when market was at its bottom. Things were going pretty well although not to my liking fully. Suddenly I found that I am on wrong end of it in my investment 3 days back. Conclusion is stock market is risky and should be avoided.
I don't think there is a right formula / answer for everyone. Everyone's situation is different - what's best for you may not be best for your neighbor. What isn't good for your friend may be good enough for you. Study your situation carefully and the types of investment available. Only after learning these two things can you find the answer you are looking for. All types of investment have their own risks.