Tuesday, January 18

Why saving instead of spending the entire year-end bonus is a smart move


With the end of the year just around the corner, the temptation to spend that bonus (if you are lucky enough to get one) is always present.

But what if you saved instead of spending?

Or better yet, what if you gave your loved ones investments this year, instead of that soon-to-be-forgotten gift?

If I had invested R1,000 in the Revix Top 10 package a year ago, that would be worth R3,890 today.

The Revix Top 10 package spreads your investment equally among the top 10 cryptocurrencies ranked by market capitalization, so you gain exposure to the largest and best-performing cryptocurrencies on the market.

The same R1,000 invested a year ago in the smart contract package, which spreads your investment among the six largest cryptocurrencies focused on smart contracts, which are revolutionizing the way we understand and buy financial services, today would be worth R4,170.

A direct investment in crypto assets like Cardano (ADA), Ethereum (ETH), Polkadot, and Solana (SOL), all of which rank high in the emerging decentralized finance (DeFi) space, would have yielded returns ranging from 498 % and more than 11,000%.

Take a look at the table below to get an idea of ​​the delicious returns achieved by Revix packs over the last year. Although this is no guarantee of future returns, and investors should be prepared for a volatile ride, the returns below offer a timely reminder of the importance and potential benefits of diversifying your crypto portfolio.

“With the holiday season upon us, many people are sitting with 13th checks or bonuses and the temptation is to spend it, ”says Brett Hope Robertson, investment analyst at crypto investment platform Revix.

“Taking just a part of that extra money and saving instead of spending it could have a material impact on your future financial well-being. Saving is a habit, and once you make it, saving money for children’s education, a vacation abroad, or retirement becomes less of a hassle.

“Just looking at some of the returns below shows why even a small percentage of crypto exposure can radically alter your financial future.”

Source: Revix

The benefits of regular cryptocurrency savings

The chart below shows what would have happened if you had invested $ 100 in Bitcoin every month for the past three years: A total investment of $ 3,600 today would be worth $ 24,546, equivalent to a 582% gain in three years.

Fountain: www.dcabtc.com

“Dollar cost averaging has historically been a great way to invest in cryptocurrencies as you are less concerned with price at a particular point in time than you are with making a regular monthly investment,” says Hope Robertson.

Taking a short time span of 12 months, a $ 100 a month invested in Bitcoin would be worth $ 1,819 today, which is a 51% profit on the total amount invested. This shows that the strategy has been successful, even though Bitcoin has gone through several drops over the course of the last year.

Diversification

“Diversification has been known for centuries as a crucial strategy for reducing risk, and the same applies to the cryptocurrency market,” adds Hope Robertson.

As surprising as Bitcoin’s growth has been over the last year or two, it pales alongside other crypto assets such as Solana, Ethereum, and Binance Coin.

“The question that many crypto investors are asking is how is the next Solana or Binance coin doing before the price skyrockets? Investing in the Revix Top 10 Bundle or Smart Contract Bundle takes the guesswork out, and that means you will always be exposed to the leading cryptocurrencies on the market.

“That is why the returns of the Smart Contract Bundle and the Top 10 Bundle generally exceed a direct investment in Bitcoin, which has grown enormously in recent years, but as Bitcoin begins to mature, its growth begins to slow down. This makes it difficult to keep up with crypto assets like Solana. “

Get a chance to win one of three exclusive pairs of Tateossian® Bitcoin Blockchain twins.

Simply predict what you think the price of Bitcoin will be on January 3 (Bitcoin’s birthday) and make an investment of R500 or more in Bitcoin through the Revix platform.

Click here be part of!

About Revix

Revix brings simplicity, confidence and excellent customer service to the investment. Its easy-to-use online platform enables anyone to securely own the world’s top investments with just a few clicks.
Revix guides new clients through the registration process to their first deposit and first investment. Once configured, most clients manage their own portfolio, but can access support from the Revix team at any time.

For more information please visit www.revix.com

This article is intended for informational purposes only. Opinions expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor is it a solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing, consider your level of experience, your investment objectives, and seek independent financial advice if necessary.

Presented by Revix.

Moneyweb does not endorse any product or service that is advertised in sponsored articles on our platform.


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