Nothing on this site or in our courses (or on our social media) is investment advice. Even this is not investment advice – perhaps rather NOT investing advice.
Following are some of the things I have learned while in Web3. They are not advice for you, but rather my own insights.
- Don’t invest more than you can comfortably lose. If you are coming into Web3 and you want to somehow get rich quick, you won’t. I only invest amounts I can afford to invest, knowing that some (or many) might not bring a return. Web3 is the Old West of the financial world and everyone should act with the instability (and scams) in mind.
- Don’t share your private keys with anyone (unless you are happy for them to take all of your funds). Not your keys (meaning you don’t have access and exclusive access) not your crypto.
- Don’t chase quick returns. If it is a coin, token, NFT, etc that you are told has to be invested in straight away, let it go. In my experience almost all of these are either scams or wishful thinking. If you can’t get a good night’s sleep to think about a venture, let it go.
- Look for projects that have strong use cases. While you can make a bit of money with meme coins and such, try to imagine how this technology will be used in people’s lives in the future.
- Don’t discuss your investments with others. You can talk generally about these things, but keep your financials to yourself.
- Prepare for contingencies – backups, access to assets at your death, etc.
- Be responsible for yourself. If you can’t think through your investments, save backups of your keys and otherwise be responsible, this is not the area for you.
Note: These are comments to myself and NOT investment advice for you! Seek your own advice and do not rely upon me to give you any answers.
Kia kaha,
Gerald Tūruapō Jordan, MBA, MEd, MCouns