Asset Management

Management is very important for us in almost every case. It can be time management it can be asset Management or it can be the management of other things. Without management, it's really hard to do anything in a systemic way. Today I am here to discuss asset Management.

made by me using canva

There exists one famous quote in our area and it's "The king's treasury will eventually run out if there exists no management". The meaning of the quote is It does not matter how many assets you have, you will lose everything and it's just a matter of time if there is no management of those assets. I know that's the truth and I have seen several examples in my real life. So I think we all understand how important asset management is to us. So I came here to share my thoughts on how I will manage if I have available assets.

At first, I will isolate some funds for my monthly expenses which is necessary. I will try my best to save some from my expenses also if possible. The remaining funds will be the spare funds and obviously, I am not going to keep my spare fund in the bank. Because I know that keeping money in the bank means my money will lose it's value with time. And because of inflation, the value will drop significantly even if Bank provides a little interest. So keeping my asset in the bank means it's a confirmed loss. So I don't go for it. I will try to invest those assets in other things.

Many people say that Bitcoin is one of the safest investments in the long term. But I can't entirely agree with it because I feel there is another thing that is better than Bitcoin considering the current situation, including risks. And I feel buying land is one of the most safe investments for us. Since my childhood time, I have never seen the price of land decrease. All the bitcoin prices already gained more than it but at the current time, I feel it's a little hard to increase the price of it like earlier time and the market cap of Bitcoin is huge. Besides pumps and dumps can happen in the case of Bitcoin where the land price only goes high to higher. So I will try to buy the land first.

Secondly, I will invest in crypto. I know risks are involved in cryptocurrency and the price can drop but in the long run, the prices of good projects go up. If I can't trust other cryptocurrencies then at least I can trust Bitcoin in this case. And I am very much positive about it. But in the case of investing in cryptocurrency, I will not allow myself to invest more than 30% of my spare funds. And I invest those assets in cryptocurrency which I can afford to lose. I know the risk involved in this investment but I am ready to take the risk. At least here exist the possibility to gain profit where I will lose the value of my money if I keep it in the bank.

The third and four investments will go for gold and silver. Gold and silver both are performing well in the last some decades. And in a long time frame, both are in an uptrend and now I feel positive in both cases. In the beginning time, I will invest in silver rather than gold because a fluctuation is a little bit more in silver and I will buy gold from the profit of silver and it will be a win-win situation for me.

I also have a plan to start a business of buy & sell all the construction-related things. According to my observation, I have seen many times that that kind of business keeps going in almost all kinds of situations. Besides it's one of the most profitable businesses in the current time and the possibility of loss is moderately low. I think using the spare funds for growing a business can be one of the best things.

I have shared my management strategy for my assets. I believe that It's one of the best strategies I can make according to my current understanding of assets. It's possible you may have a better strategy and you are welcome to share your strategy and opinion here. Who knows If I also get some ideas from you.