I forayed into crypto-currency. It was not as profitable as I anticipated as I had tried to create my own crypto-tokens which can be an expensive process.
Crypto-currency profits depend on many factors such as time of entry and exit, popularity of coin network(s), trust worthiness of exchanges, security of wallets and more. I had shortlisted my possible investments in ONE, ADA, BNB and ETH. These are still high value networks but it takes a lot of time to focus on selecting networks that may be profitable.
I am now buying gold on stock exchanges. It is easier for me to secure gold on a stock exchange than in my own home.
The plus point of gold is that it is not necessary to live in a country with high growth and good economic policies. While ETFs of the NASDAQ 100 are available in quite a few countries worldwide, it is not available everywhere and there may be undesired effects caused by supporting the American economy.
Gold is more of a neutral investment that protects against inflation for those holding long term. I look forward to encouraging more people to buy gold on stock exchanges since it saves on taxes and has strong security.
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