Financial Accumulation | Why You Need To View Long Term Investment

image from canva

I had to give my investment life a deep thought today, thought about how I started this crypto journey way back in 2017 with little or no knowledge about what I want to dive into nor did I know what financial investment is really all about, prior to then all I use to do is save a little from the wages I earn from my wages and I do make use of saving box which we refers to as kolo. Saving into that box wasn't helping at all because I have easy access to it and immediately I need money for anything even if it is worth spending on, I will quickly pick up two brooms and remove part of what I thought I saved, this continue on and on and at the end of the day I wasn't able to save or account for anything. It was a cycle for me until I was enlighten about financial investment and savings.

I had to start reading about it to at least gain more knowledge then I was about to different the short and long term investment and I started making research on what to invest in long term, while also doing some short term trading investing in some coins to gain profit while investing the profit in other things, short term investment and taking early profit have it turns on lot of investment because they don't have that strong mind to see their investment yield out good returns, what people don't know and decided to just ignore is the benefit that come was thinking long time when it come to investment, one of this benefit is the compounding returns which is when your rewards get re-invested to increase your stake over time. I actually love this aspect especially when investing in some tokens or stable coins that deals with apy such as HBD among others. I actually love investing in stable coins because they are mostly pegged to dollars,

Thinking long terms always help you worry less when it come to market fluctuations which do happens for just some short period of time. I remembered vividly when I joined crypto then and started investing, we were in a deep bearish market just like the one we are in currently, people were ringing it in our ears that "this is the period of accumulation, we are in the bear market, gather, invest and wait for the bull run". It was really funny then while most of us invested with what we could spare then in some tokens with good potentials, I do think of those that hold bitcoin back in the days of 1usd even till 500usd etc and they didn't sell it because they were thinking of the long term with the certainty that this token will be more than this, and in years the price increased when we entered the bull market, the knew about the risk and they were willing to take it. There are lot of things out there to invest in which includes the stocks exchange, real estate by buying into properties, land etc on a long term goals with high returns over time even though they also have their own level of risk attached to it but as an investor you need to understand this isn't a get rich quick scheme and you need to have the patience and committed mind to grow your wealth over time.