We've all heard the saying “a penny saved is a penny earned,” but what if we told you that those pennies could turn into profits? Ik..ik…many people believe that in order to make significant gains in the markets, you need to have a large sum of money, like #BooKoos of it. But, that isn’t the case. With the right strategy and mindset, even small investments can turn #PenniesToProfits.
First off, turning #PenniesToProfits requires something completely FREE that you ALREADY have within your possession. I bet you’re wondering what is free, huh? It is a #mindset shift. Ik ik so many people shy away from investing because they feel like they don't have enough money, but every little bit counts. We will focus on the amount of money you do have, instead of what you don’t have. It’s a “Glass Half Full Mentality.”
Secondly, it’s not 1922. We don’t have to go buy newspapers to find out info anymore. We live in a Modern Society where there are FinTech Companies everywhere.With that being said, you can start with small amounts of money through micro-investing, like with Coinbase.
For example, if a coin is trading at $10 per coin, you can invest $1 and own 1%. This allows you to invest multiple times. The key here is once you have started investing, it's important to have a long-term mindset.
The markets are pretty much unpredictable, historically it has shown steady growth over time. By staying the long haul, you give your investments more time to grow and potentially see gains. As you regularly monitor and your investments, you may want to consider reinvesting the profits or adding more funds to your portfolio. We call this #DCAing (Dollar Cost Averaging) over time. It is important to reassess your investments and make adjustments to ensure they align with your financial goals.
Finally, while it may seem daunting to start investing with only a few pennies, it is possible to turn your #PenniesToProfits. By changing your mindset, utilizing micro-investing platforms, having a long-term approach, even smallest investments can lead to big gains. So don't let the size of your initial investment hold you back - start investing today and watch your pennies turn into profits.
And, if you want to learn more, you can always join our community in #PenniesToProfits. That’s all for now, i’ll see you out there in the Game!
Be Luv,
~Rashida McFerren