DO THIS FIRST!!!! Before you lose your money.

Profit is the icing. Roi is the cake. Make ROI first then put the icing on it. (Cake is much better with a little icing on it.)

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Have you ever been rugged?

Have you ever had high hopes on a good investment only to be let down & disappointed by it going bad?

Have you ever put money in, to find out that it will take forever (if ever) to make your deposit back?

Well, I have too. It hurts! It makes you not want to invest in anything else. It can make you think that it’s all just scams, run by evil genius con artists.

The following is what I have learned so far…

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR)

DYOR (Do your own research)

Most investments look good on the outside. They may or may not be good on the inside.

How do you know?

Do your research, of course!

Checkout the investment whitepaper, if available. Checkout their social media connections (Twitter, Facebook, Telegram, Discord, etc.…). How many people are following them. What kind of interactions are in the group? How have the developer’s previous projects performed, if they have done something in the past? How long has this investment been active? How has the TVL (contract Total Value Locked) changed over time? Is it going up or down? How long will it last? How much is the minimum amount to invest?

There are probably a lot of other questions to ask about the investment. This is just a good start…

What are the terms of the investment?

How much does it require to get started? How long will it continue to earn? How long will it be before you can get your first withdraw? How much can you withdraw at a time? Are there any penalties or rules to follow?

How do feel about the terms of the investment? Are you getting an uneasy feeling about this opportunity? Are you going to listen to your gut or be risky?

What is your risk/ reward ratio?

This is different for everybody.

How much are you willing to risk, in order to gain the reward?

Usually, the more you invest (risk) then the more the potential reward. Are you willing to risk $5, $10, $20, $50, $100??? How much are you willing to lose? How much could you be rewarded?

DO NOT INVEST MORE THAN YOU ARE WILLING TO LOSE!

Are you investing money that is used to pay your power bill, other utilizes, buy food, buy gas, etc?

How would your quality of life change if you lost most or all of your investment?

If your quality of life goes down drastically, if you lost on this investment, then you may want to reconsider how much you are willing to put into this investment.

Remember, never put all your eggs into 1 basket.

In other words, don’t invest too much into 1 single investment. If it fails then you will lose a lot.

Some opportunities are designed to take your money & run. Don’t let them take too much of it!

MAKE ROI ASAP!!!

It’s all for nothing if you don’t make all your money back. (I’m preaching to myself as well. I still have some investments that I still need to do this with…)

The goal with any investment to make a profit.

How do you make a profit? Profit is anything that you get after you recoup your cost. It’s going to cost you something. Get that back first, as soon as possible. Then everything else is profit.

It’s like a delicious cake…

Step 1: Put all the ingredients together. (This is your initial investment.)

Step 2: Bake the cake at a certain temperature, for a certain amount of time. (Follow the rules of the contract & let your investment grow.)

Step 3: Eat the cake. (This is getting your investment back, making ROI)

Step 4 (if possible): Add icing to the cake & eat it. (This is any extra earnings you withdraw after making ROI.)

Cake is good. Cake with icing on it is GREAT!!! (especially if it’s yellow cake with chocolate icing! Yum!!!)

Have an exit strategy

All good things come to an end…

Have a plan to get out while your ahead.

Some people might think that they need to milk the investment for all it’s worth, as long as possible. Sometimes this is OK & sometimes it’s not.

Based on your experiences with this investment, is it getting better or worse? How much longer will it last? Is it still a good investment? Would you put your initial invest into this opportunity at this particular time?

If you stopped being active in this investment then what will happen?

Will you make ROI before this investment stops earning money for you?

How risky is it for you to stay active in this investment?

How can you get out with the most profit & the least amount of risk?

A sci-fi example of being rugged, scammed, or disappointed by a good investment gone bad…

So be careful out there!

It’s a Defi world!

Best wishes on all your investments!

As always, thank you again for reading my articles.

It is much appreciated.

Till next time…

Now following anybody that interacts with my articles… God Speed!

If you would like to see what investments I’m currently active in then go read my referral link article.