In the past we used to see the term hold quite common in the forum. Now things have changed a little as people's preference have moved from holding to increase the number of income stream. Rather than waiting for much longer time period, people prefer to use it into trading and other activities to make the holding more effective as the volume increases. As discussed in the previous post, emergency fund is a necessary one. If we're prepared enough to meet unexpected moments of life with the emergency fund, then there is no risk in holding. The best way is to hold and profit, maybe the timeline is big but the risk is low.
There is a dynamic, forward-thinking approach to personal finance in the move from hanging on to diversifying income streams. Indeed, things have changed. Trading, investing in different areas, and even participating in cryptocurrencies are no longer just choices; they're necessary ways to get rich.
But heres a twist: why not add holding to this new model while you're diversifying? Think of holding as a strategic pause, a chance to look at things again and make changes. Being patient isnt enough; you need to wait in a smart, well-informed way as well. Also, yes, the emergency fund is your safety net that makes sure you're not only being safe, but also smart.
We want holding to be a strategic part of a longer, more exciting financial journey, not the end goal. To grow, hold, evaluate, and diversify. Thats what the new generation of money-hungry people say.