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RE: Living Off Your Yield Instead Of Your Principle

in LeoFinance • 4 years ago

This one is lengthy man 😀
Diversifying the investment is the best strategy. I also do the same.
I was surprised to see I have cash collecting interest
I thought you don’t like interest ?

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LOL oh I live for interest, any kind of yield I'd take it even if its just a few bucks. The reason why I have cash collecting interest is because its additional cash that's not my principle or worked for that I can put into crypto and other investments.

So if there's a dip in something I like I can buy it, it's not really a savings strategy more building up a war chest I can use later. Its an opportunity cost thing, if I don't have cash to buy a dip I potentially lose out so I always want a few bullets in the chamber and if I can add 1 more each month, that's great