Just about every year my husband and I would go to Las Vegas (we married there, so it was kind of a ritual). He would play poker and I would play the slots. At the beginning of the trip I'd have a budget...literally, money I could lose without wincing. That's how I approach investing, in anything. (I don't consider my house an investment. It's my home.) Since I don't understand the markets, to me it's always a gamble and I never gamble with money unless I can afford to lose it.
I've had a few unpleasant experiences with 'the market', so these days investing for me amounts to not spending. We are long past our earning years.
I've never had a bad experience with Hive because I don't expect anything from it. I enjoy being here, and have the vague hope that someday, if I'm steadfast, I'll be able to leave it to my children. I do hope it accrues in value for when that day comes.
Well said @agmoore
It's best to only invest or speculate with funds you can afford to lose as you so rightly say.
Hopefully Hive is on the way back to $1.
Wouldn't that be something?
🌟
Oh yes, for sure😇
That is a very nice story. This is how perhaps most people's life should be.
Only bet on things you can afford to lose and can do it for fun. That is the main learning I have taken from your story. I can't say I followed that with my life but majority of my academic research on geosciences is trying to understand the tail end of a log normal distribution, something that people call a black swan event. Later on when I got employed I was paid to take a bet. Thankfully it's other people's money so it's great. There is little emotion attached to what I do financially and that became a good thing for me.
You must be very bright for people to give you such responsibility, for people to believe that you can prepare for (or perhaps predict) such events.
Those of us who have the chance to grow older, have the opportunity to learn from our past. At least you learned. That's what age is for, isn't it?🍁