The Experience Of Investing & The Fear Of Risks
I've met people who have been ruined by their investment choices and at the same time, I've met people who became rich due to their choices too, someone like me, stands in the center, I've not been ruined by my choices and at the same time, I have not been made rich by them. This is because being rich hasn't always been the goal, the goal is sustenance in the face of economic and financial challenges.
Sometimes setbacks are part of the goal, this means one can lose $500 In a bid make $1000, it's one step backwards and two steps forward in that ratio. In this kind of ratio, I might never get to that level or status.
In fact, life sometimes requires people to be unconventionally risky, sometimes when it pays off, it becomes a masterclass and these people laud themselves for becoming investment gurus and this is mostly the kind of stories that are being advertised, told or shared in order to motivate others into thinking that aiming at slow-paced growth isn't okay.
Has Your Risks Made You A Lord Or Peasant?
However, I'm someone who is happy with the expected returns from a venture with calculated risks. Living in a country where the advertising, the way of life, the inflation rate is aimed at shifting your financial standings, people are often motivated in a "do-or-die" situation to either becoming rich or nothing else.
Betting is one of those schemes that negates the concept of getting rich slowly. You see, these companies gives you no choice. When you begin to consider them as an option to become rich, they ensnare you with endless possibilities, and it becomes difficult for you not to find a reason not to put your money.
Ponzi schemes in Nigeria was another thing, it trapped so many people and drooped them off the ladder in a bid to climb farther than they can originally go. This reminds me of another show called WHO WANTS TO BE A MILLIONAIRE
On the surface, this show felt like using your knowledge to financially empower oneself.
......But the way it is being anchored is textbook risk and reward, it's carrot and stick approach. Where you're rewarded for winning and punished for losing. However, the way they dangle the carrot gives the participants some certain level of invincibility. Losing is part of everything, but losing drastically is often the result of aiming for outrageous heights.
I remember when I was younger, I used to play snake and ladder with my friends. It was filled with slippery positions. When you throw the dice, the numbers on the dice would determine how much you'd climb on the ladder.
I discovered that my friends could manipulate the dice to get an optimal result and sometimes in their bid to aim too high, they get in slippery positions where they could fail back to a position they had left earlier. To me, the uncalculated risk could take me higher, it might not, it's 50/50, but this is a situation of uncertainty.
Consequences: A Stone Throw Away
A lot of people are comfortable with inorganic growth as a result of unorthodox risks, so they could brag about how they leapt from four figures to seven figures, they consider the growth rate to be something they can't ignore, but the problem is, they hardly reckon with the consequences that comes with these risks. See, there's nothing bad with aiming for balance.
There are times I want to throw everything I own at a project that might seem exciting in the future, but then, I throw in little and chose the situation where I have to be pained that I didn't invest more (that's if the project becomes a success) rather than being in a situation where I would regret losing everything completely.
Let's look at it like this. Sometimes whenever I try to climb, I try to prepare for falls, so that even if situations might arise where I'll fall, I wouldn't hit ground zero, and it would still be possible for me to build again.
The Pain Of Falling Farther Than You Can Rise
It's always difficult having to build from ground zero and that's why it's important to prepare for banana peels. This is because there are essential enablement that allows you to build back when you fall to some certain level, but at ground zero, there's nothing.
This is the reason why it's essential to take risks that are calculated, especially when it comes to investing. People who compound in crypto understands the risks, sometimes, it's all about gut and hope. It's all about having the gut to invest in a project that you can only bank on their whitepaper to make a decision.
However, whitepaper can be a piece aggrandizing and overrated. This is why it's advisable to invest in different places, which is a better way to actually mitigate risk. If you've started from ground zero, you'd have to get to a certain level in life for the fear losing everything to eventually go away. However, if you haven't, let it keep bringing you balance.
Interested in some more of my works?
A Personal View Into The Meaning Of Spirituality (ecoTrain QOTW)
Why You Couldn't Create Good Contents In 2021, Why You Still Wouldn't In 2022.
A Psychoanalytic Dive Into Incentivized Loyalty
The Nigerian/African Disposition On Marriage As An Endowment
Living & Living Unintentionally (The Financial Repercussion)
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
My Twitter handle
Posted Using LeoFinance Beta
Honestly I'm not brave enough to invest all my capitals. I only can invest as much I can afford to lose. I know that, No risk, no gain but for me holding my capital is important than the profit.
Well capitals are meant to be vested, if not, they're probably just useless when one doesn't vest them properly. At one point in time, we learn to be brave.
Posted Using LeoFinance Beta
No risk no reward, that's just the logic.
However, no one enjoys failure, and no one wishes to experience it, but the truth is that, if you're not failing, apparently you're not risking much, and when you don't risk much, you won't gain much.
Life rewards the risk-takers who are to take the risk to fail and all that comes with it, but some people run away from risk and tend to settle for what's easy ... This differentiates the doer's from the wait-n- see'ers. In the journey, if becoming rich, one must set aside fear of failing.
For me I see it that we as humans are too greedy, we go into something that will give us profit, when the profit comes, we become more greedy and invest all we have. We think nature is foolish, tada, all your hard earned savings is gone.
No wonder God told us in his words that godliness with contentment is great gain.
Thank you for sharing such a beautiful post with us❤️.
Well, that cycle isn't so bad, it becomes bad when we don't check it properly to see loopholes or probably become to greedy to know what is logical and what isn't. Thanks for dropping by.
Posted Using LeoFinance Beta
That's true but we know getting into such schemes or so called investment can make us greedy, so isn't it best to abstain?🤔
Well, there are profitable schemes with reasonable or calculated risks. We cannot run away from taking risks, the best we can do is take risks that are calculated.
Posted Using LeoFinance Beta
Yeah.
I feel it a situation if channeled to the right project or business would be a good attitude towards attaining goals but rather the do-or-die attitude I have mostly seen is implemented in dubious ways, scam people and involve in several illegal ways of making money and going as far as trampling on humans to attain goals.
Posted Using LeoFinance Beta
Hahah, well you're right. If such energy is channelled towards the right thing it'll yield more dividends. I tend not to have this kind of mindset because I fear for what it'll do to my morale if I eventually didn't get to achieve everything I wanted.
Posted Using LeoFinance Beta
I think that a lot of people don't really like building up and they are comfortable with what works. It reminds me of the entire Youtube/Twitter situation. People don't really use alternatives and they complain when they get kicked off but they always come back there. I tend to think having alternatives in case you are pulled is a good option.
Posted Using LeoFinance Beta
Building can be difficult so why not take the option where you actually do not need to build? This feels logical and sensible to people who do not understand so much. It's one of those things that I have learned or have come to learn being on the Hive blockchain.
Never go all-in unless it's Bitcoin.
Your money is safe in Bitcoin. :D Not Financial Advice though.
Posted Using LeoFinance Beta
I never go all in, I have lot of investment but I risk good amount of money I can afford to lose in a project
Posted Using LeoFinance Beta
I don't go all in as well. I'm always cautious, but risking it all for a good project is worth it.
Betting has it own way of luring people and making them come back and this is as a result of greediness. They want to come back after tasting the good of it at the beginning but do not know it's a trap set for the next attempt.
Many times I have been in schemes to get rich quick and out of my greediness, I lose more than I never thought of.
I know it's no pain, no gain but I don't think there would be gain in where you never experienced pain at first even if you have enjoyed for a while.
In this way, you can never be pained much when you lose because you are rest assured of others which would cover up for you.
If you cannot risk it, it's better not to venture into it at all.
Investment is good but not everyone is chanced to go into this when they do not have the mind to accept whatever that comes.
I tried betting back in the days. This was because I was given a particular sum of money on Facebook. I thought this was actually good until I start using this money to bet and lost everything. I kept on going because I felt that one day I will eventually win. This is the illusion that big betters usually create, along the line people who bet might eventually win but they will lose more than they would win at this is something they hardly understand.
You are right. I still get confused at how they get to pay these betters and what they don´t know is that they keep enticing them and they keep coming back again and again until they lose everything. By then, their eyes would be opened to face reality. I hope they come out of the ignorance. I don´t see anything good in betting because the money realized won´t be used for something tangible because they believe it will keep coming and they keep spending the one they got.
You published this post a week after my most miserable investment decisions ever,but I was willing to accept my fate cause I made up my mind knowing the risk involve in whitepaper investment choices, but be it has it may diversifying my investment and building cushion to fall back on has kept me up thus far,
thanks for shedding the light