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The Top 5 Crypto Investment Tools: How to Maximize Your Returns

July 22nd, 2022 Posted in Investment
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Cryptocurrencies are all the rage right now, and for a good reason. They offer investors a unique opportunity to maximize their returns through savvy investment strategies. However, navigating the cryptocurrency market can be difficult, especially for those who are new to the space. That’s why we’ve put together this list of the top 5 crypto investment tools: so that you can make the most of your investments!

The Top 5 Crypto Investment Tools: How to Maximize Your Returns - bitcoin and dollars in a small shopping cart
Photo by Karolina Grabowska:

1) The Crypto Wallet: 

The first tool you’ll need in order to invest in cryptocurrencies is a crypto wallet. This is where you’ll store your digital assets, and a variety of different wallets are available on the market. You’ll need to choose one that supports the types of coins you want to invest in and that offers the level of security and functionality you’re looking for. There are online wallets, software wallets, hardware wallets, and even paper wallets. Take some time to research the different options and choose the one that’s right for you.

If security is your top priority, then a hardware wallet like the Ledger Nano S is a good option. These devices allow you to store your coins offline, making them much less susceptible to hacking or theft. However, an online or software wallet might be a better choice if you’re looking for convenience. These wallets are typically easier to set up and use, but they’re not as secure since they’re connected to the internet.

Regardless of your type of wallet, make sure to take security precautions such as enabling two-factor authentication and choosing a strong password. These measures will help protect your coins even if your wallet is compromised.

2) The Crypto Exchange: 

The next tool you’ll need is a crypto exchange. This is where you’ll buy and sell your coins, and various exchanges can choose from. You’ll need to decide which features are most important to you, such as security, ease of use, or low fees. Some exchanges only support a few coins, while others offer a wide selection. In addition, some exchanges cater to different geographical regions.

Coinbase is one of the most popular exchanges available, and it supports buyers in over 30 countries. Binance is another popular option that offers a wide selection of coins and low trading fees. If you’re looking for an exchange with high security, then Bitfinex might be a good choice.

Take some time to compare the different exchanges and choose the one that’s right for you.

Once you’ve chosen an exchange, you’ll need to create an account and deposit funds into it. This can typically be done by linking your bank account or credit card to the exchange. Once your account is funded, you’ll be able to buy and sell coins on the exchange.

Be sure to take security precautions when setting up your account, such as enabling two-factor authentication and choosing a strong password. These measures will help protect your account if the exchange is ever hacked.

You should also never store more coins on an exchange than you need to in order to trade. If possible, transfer your coins off the exchange and into a secure wallet after each trade. This will help protect your coins if the exchange is compromised.

3) The Crypto Tracking Tool: 

The third tool you’ll need is a crypto tracking tool. This will help you keep track of your investments and monitor the market to make informed trading decisions. Various tracking tools are available, and some exchanges even offer their own built-in tracker.

CoinMarketCap is one of the most popular crypto tracking tools available. It offers detailed coin data, including price charts, market cap, and circulating supply. Another popular option is CryptoCompare, which also offers price charts and other data points.

These tracking tools will help you stay up-to-date on the latest market trends so that you can make informed investment decisions.

When choosing a tracking tool, be sure to consider which features are most important to you. For example, some tracking tools only offer price data, while others also provide news, analysis, and social media updates.

Once you’ve chosen a tracking tool, take some time to familiarize yourself with its features and interface. This will help you get the most out of it and make the best possible investment decisions.

The Top 5 Crypto Investment Tools: How to Maximize Your Returns - bit coins and tracking app
Photo by Olya Kobruseva:

4) A BitIndex AI: 

The fourth tool on our list is a BitIndex AI. This tool uses artificial intelligence to predict future price movements of cryptocurrencies. It takes into account a variety of factors, including news items, social media sentiment, and technical indicators.

The bit index ai official is a paid service, but it offers a free trial so that you can test it out before committing to a subscription. However, if you’re serious about investing in cryptocurrencies, then this tool could be worth the investment.

When using BitIndex AI, be sure to take into account its predictions as well as other factors such as news and social media sentiment. This will help you make more informed investment decisions.

5) A Crypto Portfolio Tracker: 

The fifth tool on our list is a crypto portfolio tracker. This tool lets you track your investments and see how they perform over time. 

Various portfolio tracking tools are available, and some exchanges even offer their own built-in tracker. Blockfolio is one of the most popular options, and it’s available for both iOS and Android devices. Another popular option is Delta, which offers more advanced features such as price alerts and tax reporting.

When choosing a portfolio tracker, be sure to consider which features are most important to you. For example, some trackers only offer basic features, while others also provide more advanced features such as price alerts and tax reporting.

Once you’ve chosen a tracker, take some time to familiarize yourself with its features and interface. This will help you get the most out of it and make the best possible investment decisions.

Using these five tools, you’ll be well on becoming a successful crypto investor. So don’t wait any longer; start using these tools today and see how they can help you maximize your returns. 

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5 Ways To Get Your Finances Into A Better Position

January 26th, 2022 Posted in Investment, Money Tips
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Everyone wants to make sure that their finances are in the strongest possible position at all times, but ensuring this is obviously much easier said than done. If you are keen for this to happen for you as soon as possible, however, there are some things that you might want to focus on in particular to make sure it is the case. In this post, we are going to look at a few of the major things to focus on if you want to get your finances into a better position. You’ll find the following are all really vital and important things to look into and work on.

5 Ways To Get Your Finances Into A Better Position - woman reading image
Photo by Yan Krukov from Pexels

Overhaul Your Habits

A lot of the trouble that most of us experience financially stems from having poor habits, so if you want to improve your financial life you should take a look at what habits you are currently adopting and what you can do to overcome them or improve upon them. For instance, you might find that you tend to overspend because you are liable to sudden bouts of luxury-shopping, in which case that might be a habit that you want to try and reel in as best as you can. By overhauling your habits and replacing them with better ones, your finances could be in a much better place in no time.

Get What You Are Owed

If you are hoping to get your finances into a better position, and you are owed any money at all, then this too is something that you should look into to ensure that you are in the best position possible. If you are owed money from anyone or any institution, getting that is vital – but that is not to say it’s always straightforward, easy or simple. How to go about it will depend on the nature of the debt. You might need to utilize a service like https://pcpclaims.com/ to get compensation you feel you deserve, or it might be that you have a private debt to call in. In any case, make sure you are getting what you are owed as soon as possible.

Choose The Right Bank Accounts

Most people are struggling with a financial difficulty without even being aware of it: namely, they don’t have the right bank accounts to their name. If you have a bank account that you are not sure about the benefits of, you might want to consider switching it out for one that is more overtly beneficial for you. Some are definitely better than others in general, and you will find that there are many that are not suitable for your specific personal situation for some reason or another. It is therefore vital that you are looking into the details of your bank account as closely as possible, and switching to a better account wherever possible. This is going to help you to keep your finances in a much better position on the whole, so it is really worth focusing on as soon as possible.

5 Ways To Get Your Finances Into A Better Position - trading screens laptop and phone
Photo by Yan Krukov from Pexels

Keep Your Business In Order

If you run a business, you need to make sure that you are focused on keeping that in order, too. Even if it is a LLC and you feel it shouldn’t affect your personal finances too much, the truth is that it is always going to have some effect – even if just in terms of how much you can expect to earn from the company in question in terms of salary and so on. So as long as you have your business’ finances in good order, you can expect your personal finances to be in a better position and condition as well. This is a really vital and essential thing to focus on, so make sure you don’t overlook it by any means.

Invest

Finally, if you are not currently investing in anything much, you might want to consider whether it’s time to do so. Investing is one of those things that can really radically improve your finances. Of course, no investment is without risk, but if you can manage the risk appropriately and make sensible decisions, there is no reason why you can’t hope to come out on top. You might not make a lot of money very quickly, but you should be able to make more than you might have thought possible, and probably faster than many people believe. This is a great way to ensure that your finances are in a much better position in no time, so give it a go.

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Why You Need a Financial Plan

January 25th, 2022 Posted in financial education, Investment
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I recently interviewed CEO of Blue Sky Financial Planning, Gary Neild on the Fearless Finance podcast around the topic of why you need a financial plan. If you would like to listen here is a link

This quote from Alice in Wonderland came to mind:

“Would you tell me, please, which way I ought to go from here?”

“That depends a good deal on where you want to get to,” said the Cat.

“I don’t much care where—” said Alice.

“Then it doesn’t matter which way you go,” said the Cat.

The starting point with a sound financial plan is understanding two things. Where you are now and where you would like to go. Or in financial terms the current state of your income, expenditure, assets and liabilities together with a clear understanding of your goals and expectations for the future.

Why You Need a Financial Plan - calculator and money image
Photo by Karolina Grabowska from Pexels

In our conversation, Gary pointed out that many of his clients arrive with one issue in mind, only to discover their financial priorities are something completely different.

The many benefits of working with a reputable financial planner seem clear and obvious to me as someone having been around the industry for many years. Yet for others there seems to be an element of resistance around paying for advice, feeling a sense of shame or embarrassment at their lack of knowledge or perhaps a belief that they can do better on their own.

Let’s take these one at a time. Firstly financial planning is a heavily regulated industry. The negativity around mis-selling or bad advice from the wild west years has long dissipated. Financial planners need to be qualified and keep their knowledge up to date. If you needed help from a lawyer, accountant or architect would you not expect to pay a fee?

Point two fear of embarrassment. How did it become a norm that we are all expected to be financial literate? Chances are that money skills were not taught as part of your school or university curricula. How then do we learn to manage our money? The occasional article in the Sunday papers or a YouTube video? If you approach a conversation with a financial planner with curiosity and the recognition that they are likely to help you save or generate substantially more money than you could do with out them, then hopefully that conversation becomes a little easier.

P.s they don’t care about your levels of financial education, you don’t have to take a test to work with them.

Number three, you feel that you can make it on your own. There are undoubtedly many success stories of people who successfully learned to invest, whether in the markets, property or currencies, but equally those we don’t hear about who came unstuck. Financial planning is not confined to making a few quid speculating, but rather a long term approach which considers all your life goals and aspirations.

Whether for estate planning, ethically reducing your tax burden or growing wealth for the future a good financial planner can help, regardless of your current levels of knowledge, experience or bank balance.

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5 Unusual Ways to Invest Your Money You Need to Know

November 6th, 2021 Posted in Investment, Money Tips
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If you’ve got some money spare each month, or you’ve come into some from a windfall, you might be wondering what to do with that extra cash. Yes, you could simply spend it or go on some lavish holidays. But, it always makes sense to invest spare money and make it grow. With that in mind, you probably know about the typical investment ideas for money like property, buying shares in a business, or putting it all in a long-term savings account. But, did you know many unusual investment ideas work just as well? Check out these examples:

5 Unusual Ways to Invest Your Money You Need to Know - unusual investment ideas money growing image
Image by Nattanan Kanchanaprat from Pixabay

1. Peer-To-Peer Lending

There’s no denying that the financial landscape is changing every day, and fewer people are using mainstream banking services each day. One such example is lending; more people are seeking alternative lending sources like peer-to-peer lending.

You could invest some of your money into peer-to-peer lending and help partly fund many loans to minimise your risk. It’s an excellent way of growing your money for minimal effort, and you get to help people with their daily lives in all kinds of exciting ways.

2. Buy Old Photographs

Many people have hobbies like stamp collecting. Some collect stamps that are rare and of a particular vintage because their value increases over time. Most people know that fact, but did you know the same also applies to old photographs?

You could invest some or all of your spare cash into buying vintage photographs and keeping hold of them until their value soars. At that point, you can consider selling them to a person or business that offers the best price for them.

3. Buy Shares in Songs

Musicians usually receive royalties on their works whenever someone buys their music or broadcasts it in a public setting. However, some artists decide to sell the rights to their songs for a cash lump sum.

You may not know it, but it’s possible to buy shares in such songs and receive part of the royalties to them each year. Many investment groups often purchase the rights to music, and those groups get made up of many individual investors like you.

4. Buy Some Wine

You’re probably used to drinking wine, either on special occasions or socially with loved ones and friends. Wine is undeniably a popular alcoholic beverage enjoyed by millions of people globally each year.

Have you considered taking things a step further by investing in some fine wine? As you may know, some wines are very expensive, and ones of a particular vintage can even fetch tens of thousands of pounds.

Consider buying some vintage wine and keep it locked away in a safe and secure cellar. You can then sell them when they reach a specific value.

5. Cryptocurrency

Lastly, if you’re looking for an unusual but medium to high-risk investment idea, how about cryptocurrency? You could invest in existing cryptocurrencies like Bitcoin, or you could be an early adopter of new ones like Pi.

Just remember to do plenty of market research before selecting a particular cryptocurrency for your investment.

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4 Savvy Ways To Invest Your Leftover Cash

March 3rd, 2021 Posted in Investment, Money Tips
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One of the best ways to build wealth is to reinvest your leftover cash. So, if you find that you regularly have a rather sizeable sum left in your account when your next pay cheque lands, then you ought to start doing something with it and investing your money in profitable, sensible ways.

4 Savvy Ways To Invest Your Leftover Cash - piggy bank image
Image by 3D Animation Production Company from Pixabay

1. Investing In Classic Shirts

The market for classic sports shirts and vintage kits has boomed recently, with millennials and Gen Z desperate to don the names of their heroes and idols from the 80s, 90s and early 2000s on their backs. Sites like Classic Football Shirts charge high prices for rare or vintage football kits, so if you have a little extra cash lying around why not see if you can find some popular jerseys for cheap either online on sites like eBay or in your local charity shops. Alternatively, you might decide to look to the future rather than make a quick buck and purchase a couple of popular sports shirts from today that could grow in value in the future.  

2. Buying Cryptocurrency 

The recent rise of cryptocurrency has seen the price of the like of Bitcoin, and newcomer Dogecoin, skyrocket. Don’t miss out by buying Dogecoin, Bitcoin or another cryptocurrency today, as you could be sitting on an absolute goldmine in years to come. There is plenty of risk attached to this strategy though; there is no guarantee these stocks will rise. That said, if you have the spare cash to invest, then you should be able to take the gamble and hopefully come out better off.

3. Put It Into Your Pension

Fancy retiring early? Then this could be your route to achieving just that. Upping your pension contributions is the ideal, tax-free way to save away your leftover cash and truly begin investing in your future. Your pension pot will only grow bigger with inflation, and the taxman can’t touch it, so this is a surefire, foolproof way to store your money away and seeing it grow with little effort. Result!

4. Get On The Property Ladder

Finally, the most expensive of ways to savvily invest your extra cash is to put it towards a deposit for a house. Getting on the property ladder is tough but investing in real estate is one of the most secure and potentially lucrative investments you can make. There aren’t many quick wins in investing in property unless you get particularly good at buying and flipping homes thanks to quick renovation jobs, so you might have to be a bit more patient to see a return on this investment. Nevertheless, putting your money into property could quite easily earn you a pretty penny, and it is an excellent way to invest your leftover cash. 

Ultimately, there are plenty more ways to invest your money that we haven’t covered. However, these four tips are some of the savviest ways you can use up leftover cash to make a profit. Whether it’s something as cheap as picking up a classic football shirt, or something much pricier like buying a house, investing your money in any way is better than just letting it sit there. 

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