When trying to get into investing there's a lot to learn, and a lot to be aware of, or else you might overlook a few things and make a few mistakes. You can literally get into an info spiral on investing. So many different strategies, so little time. But eventually everyone finds something or some strategy they're comfortable with. And once your comfortable you can try some more strategies. "test the waters", so to speak.
And that's exactly what I've been doing. I've been trying a new investing strategy recently, which is really more of a mental trick than actual skill. In my daily life I like trying to find new and creative ways to save money, as long as it is not at the cost of my own quality of life or comfort. So usually this consists of discounts and deals, or subscriptions. Buying in bulk for example, that's a popular one.
The trick I'm applying now is that every bit of money I save in whatever way, is added to the investing pot. This way, I technically always pay full price, but with the added benefit of gaining assets.
And you would think that it's not worth the effort, putting a few cents aside each time, but you'd probably be wrong. Because just like anything else in investing it all eventually adds up over time. So those few cents in the right places, penny stocks or penny cryptos maybe, might become huge overtime.
I've been investing these savings at regular intervals the past few months, and with the recent pumps in the financial and crypto markets, they've already given some profit. Not much, but hey, I'm in it for the long haul.
What strategies have you recently tried?
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