The recent turmoil in the US banking sector has captured the attention of the entire world, sending shockwaves throughout the global financial system. In response, central banks are intensifying their efforts to prevent further fractures in the economic landscape.
Amidst this era of uncertainty, contemplating investments in crypto assets is undoubtedly an impractical choice. While they are commonly referred to as “cryptocurrency,” central banks worldwide reject this label and maintain that they possess the authority to handle native currencies.
It is important to note that cryptocurrencies are traded in fiat currency like any other investment product. However, regulatory frameworks for crypto trading are still in their infancy, exposing investors to potential setbacks, as evidenced by the FTX case. They will only be risky if regulators establish appropriate legislation and provide the necessary clearances for trading crypto assets.
Investing in crypto assets carries significant risk due to their complex nature. It would be best to have a comprehensive understanding of the associated pitfalls. You are prepared for all eventualities, including the potential loss of capital, to invest your hard-earned money in crypto. Merely observing considerable drops in prices of these crypto assets should not serve as a criterion for investment.
On the contrary, the market offers abundant alternative investment options, ranging from equities to bonds. Take the time to thoroughly analyze these investment opportunities and consider the associated risks before making investment decisions.
Amidst these uncertain times, one may wonder if gold is a safe investment. Additionally, you may be curious about how much gold you should buy each month, especially considering your age of 30 and your occupation in the tech industry.
According to Dhaval Jasani, founder and CEO of ZTI Global Consulting, the world is continuously evolving, and during periods of uncertainty, gold is often considered a haven. Given your age, allocating some of your monthly earnings towards investments is an ideal time. However, it is crucial to recognize the importance of building an emergency fund, which can prove invaluable during challenging times. You can allocate a portion specifically for investment from your monthly earnings.
Within the total amount available for investment, consider dedicating 10 to 15% of the overall investment amount to gold and gold-related instruments. As for the remaining amount, please exercise caution when allocating it to investment products of your choice based on thorough research and analysis. It is essential to approach these investments from a long-term perspective, focusing on the bigger picture rather than getting swayed by daily market volatility and price fluctuations. Remember that stock markets are volatile, and all investments are subject to market risks. Additionally, remember to set aside funds for enhancing your skills to keep pace with technological advancements in your field.