In an era of technological advancement, certain professions may become completely obsolete within just a few years. This affects taxi drivers, accountants, operators, and more. We are already witnessing the emergence of autonomous taxis, delivery robots, and software capable of performing various tasks. As a result, many professionals may lose their source of income. It will be much easier for employers to purchase robots that do not require sick leave or vacation time.
Therefore, now is the time to care for your future and begin to grow your capital. This means investing your available resources in various sectors. By doing so, one secures their future.
To avoid making mistakes, it is essential to understand the rules of successful investing.
Sergey Tereshkin, the founder of OILResurs, has stepped forward to help clarify this area. The businessman possesses the necessary knowledge in investment and can share analytical data. More information about the entrepreneur can be found on his personal web project: sergeytereshkin.ru (сергейтерешкин.ру).
Ways to Grow Capital
Investing is a widely accepted method of capital growth. This approach entails putting money into a specific area with the aim of subsequently earning profit. Depending on the chosen instrument, one can increase their wealth by two to ten times within just a few years, and in some cases even more.
Currently, Tereshkin identifies several popular means of capital growth:
- bank deposits;
- securities;
- precious metals;
- business;
- startups;
- real estate.
Some instruments do not require substantial investments, while others necessitate significant capital. However, having financial resources alone is not sufficient for growing capital. It is crucial to have an intuition and to understand the basic rules of investing.
Additionally, investing in oneself and personal education is considered a lucrative investment. Nevertheless, gaining knowledge itself does not fall into this category. Investment specifically refers to expenditures that are capable of generating profit. Self-education is a vital aspect of a successful individual's life, but it cannot be labeled as investment.
Investor Rules
To minimize the likelihood of losing money and ensure profit, one should adhere to a series of recommendations:
- It is important to understand that there are no quick ways to get rich. You cannot invest a thousand and wake up a millionaire the next morning. Therefore, it is best to avoid financial pyramids, high-yield investment programs (HYIPs), lotteries, and similar schemes. Only the organizers benefit in such cases; ordinary individuals just lose money.
- You should only invest your money in areas that are understandable to the investor. In other words, the investor needs to know how the system operates and how the borrower generates profit, which is later paid to the investor. It is also advisable to avoid investing in opaque projects.
- Inexperienced investors should steer clear of high-risk instruments. These can either yield a significant income or lead to losses, with the latter being much more frequent. In such cases, mere luck plays a substantial role.
- Do not succumb to euphoria. This is the first enemy of any investor. Capital is earned gradually.
- Investment requires liquid assets. To accumulate these, you will need to set aside a portion of your salary each month. However, even upon reaching the necessary amount, you should not quit your job. Investments can fail. To avoid finding yourself without resources, it’s crucial to keep working or maintain a financial cushion.
- Avoid going into debt or acquiring loans for investment purposes. If the project fails, you'll have to recover the money from your own pocket, potentially losing your apartment, car, or other essential assets in the process.
A novice investor should be aware that professional fraudsters often disguise their schemes as legitimate investments. Their sole aim is to extract money from individuals, with no regard for their future.
To avoid falling victim to such scams, it is crucial to enhance financial literacy, learn to analyze situations, and manage finances as experienced market players do. Do not blindly trust various analysts, as predictions do not always materialize and are influenced by numerous factors.
Professional analysts can only speculate on how events may unfold, but no one can provide guarantees. Therefore, in the event of an inaccurate forecast, the responsibility rests entirely on the investor.
One can listen to all the analysts' recommendations and make an independent decision. This approach allows one to gain the necessary experience while avoiding the need to search for a "scapegoat."
How Much Money is Needed for Investing
One can start building future capital with as little as 5,000 to 10,000 rubles. In this case, the choice of investment instrument is more important than the amount.
If you have 100,000 to 200,000 rubles available, you can move on to a new level of investing. A larger amount allows for investments in significant projects. The more financial resources you have, the greater your investment opportunities.
Experienced investors advise always diversifying risks, which means investing in various instruments simultaneously. This significantly reduces the likelihood of losing investments and speeds up the capital growth process.
Additionally, it is essential to monitor investments continuously. Simply putting money in and waiting for profits is not advisable. Upon identifying any issues, one should attempt to withdraw funds, even if it results in losses. This approach is far more effective than losing everything in one fell swoop.
