Beginners guide to investing in the financial markets

 If you are someone who believes in saving for your future and fears whether you would have a sufficient amount of funds for your life after retirement then this article is for you. We as humans will never stop being greedy and no matter how much ever we manage to accumulate it would never be enough. What if I were to tell you that a minimal sum of money invested today can easily suffice for your entire life post-retirement and what if I were to tell you a technique by which you can easily live a lavish life in your old age. By investing a minimal amount of money in financial markets like stocks, cryptocurrencies one can easily make a fortune. For the sake of simplicity, we will only be focusing on making a strong cryptocurrency portfolio for securing your future and we would be helping you get started by answering questions like “How do I buy cryptocurrency in Canada”.



 Let’s begin with a few statistics to blow your mind away

  1. Bitcoin which is the top cryptocurrency in today’s market currently trades at $45,000. Bitcoin originated in 2008 and introduced the world to Blockchain technology. Had you invested $1 in Bitcoin at that time(priced at $0.08) you would have owned 12 Bitcoins which now would be worth a whopping $540,000, surprising isn’t it? And the best part is that all of this has happened only over the last decade. People usually take a lifetime to multiply money by such proportions.
  2. Ethereum, the second-largest currency by market capitalisation in today’s market came into existence a long time after Bitcoin(2015). Let’s say at the time of inception you would have invested $10 into Ethereum(priced at $2), currently, you would have been owning 5 Ether tokens which today are priced at $3,100. Presently, you would be sitting with a whopping $15,500 by investing only $10.

These are just a few examples by which you can multiply your money over a good period. Yes, these investments have had a lot of ups and downs but eventually, the trajectory was always upwards which is why long term investors always end up benefiting more than what a trader or a short term investor does.

What should be done to generate enough funds to retire rich?

Start by keeping aside a fixed amount of funds monthly/yearly and investing that into the cryptocurrency market. If you are disciplined enough to keep investing regularly then you will automatically notice your wealth multiply every day. Such is the power of compounding and making the right investment choices in the financial markets. Some good cryptocurrencies to invest in are Bitcoin, Ethereum, Ripple, Bitcoin Cash etc. If you are wondering how to buy Bitcoin, Ethereum or how to buy Ripple in Canada then all you need to do is log on to the Netcoins website, create an account, fill in the necessary details and lastly transfer money into your wallet to begin trading.

 

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