Unwise rationales preventing you from venturing into investing
Start your investment journey with confidence and ease by following these straightforward tips, all while utilising the user-friendly platform, Bitpanda.
If you're apprehensive about losing money with investing, start by investing small amounts and do thorough research. This approach allows you to gradually build your investment portfolio while minimising risk.
To protect yourself online, educate yourself about spotting scams, phishing, and malware. Use a trustworthy password manager like LastPass or Dashlane for strong passwords, and set up two-factor-authentication (2FA) for added security.
Investing in volatile assets like cryptocurrencies can be nerve-wracking, but remember the saying, "Time in the market beats timing the market." This means that consistently investing over a long period can yield better results than trying to predict market fluctuations.
With Bitpanda, investing money is not exclusive to the rich. Platforms like Bitpanda allow starting investment from €1 with a minimum deposit of €25. You can invest in any digital asset, including gold, on Bitpanda.
One of the benefits of using Bitpanda is the ability to set up a savings plan. This feature can help remove emotion from investing, as it automates your contributions. A savings plan can be set up in as little as 5 minutes on Bitpanda.
Investment monitoring is not necessary with savings plans and setting up a regular investment schedule. This allows you to focus on other aspects of your life while your investments grow.
Diversification is key when it comes to investing. It's recommended to diversify investments between asset classes like precious metals, cryptocurrencies, and cash. The Bitpanda Crypto Index allows easy investment in the entire crypto market, providing a simple way to diversify your portfolio.
If you're new to investing, don't worry - you don't need a degree in finance to learn how to invest. Bitpanda Academy provides educational resources for learning about investing, offering users investment know-how and financial literacy education.
As you gain experience and knowledge, you'll become more comfortable with the investment process. The more you learn, the less afraid you will be. Just remember, you don't realize losses (or gains) until you sell, so focus on buying for the lowest price possible.
Investing can be an exciting and rewarding journey, and with platforms like Bitpanda, it's more accessible than ever before. So, take the first step today and start building your investment portfolio. Happy investing!
