Bakksy Education

Emotions are good! But not always.

When investing, it's better to follow your mind rather than your heart 🧠

📍 Stock — is something you'd own if drunk talks with your best friend about how cool it could be to open a bar came true.

Except you don’t need a friend to own a part of a company – you need Bakksy and some money. €2 is enough to start. A little less than you’d need to open a bar 😉



🤖 Find more terms and investing concepts explained in our free education bot: https://tinyurl.com/4dz9rsdr

The second chapter of our education bot summarized 🤖

After each of our chapter there's a test to check if you got it right.
📲Go to the bot and take the test: https://tinyurl.com/4dz9rsdr

After you finish all the chapters and final test with 20 questions, you will get a prize — secret free stock 🎁

That's just our way of encouraging everyone for learning 😌

📍Inflation is like a silent money thief

Imagine your money is a scoop of ice cream. Over time, it melts away, and you're left with less deliciousness in your cone 🍦

Same with your money: the longer you have it, the more of it will melt, and the less you will be able to buy with it 💸



🤖 Find more terms and investing concepts explained in our free education bot: https://tinyurl.com/4dz9rsdr

Is investing really that risky? Let's untangle another myth about investing ✔️

And remember:
Knowledge is the best weapon ⚔️

You can find more investing myths busted and explained in plain language in our education bot 🤖

📲 Learn investment basics via our free education bot: https://tinyurl.com/4dz9rsdr

📍 Diversification is not putting all your eggs in one basket. If you do so, you can accidentally smash them all at once. If you stuff your portfolio with stocks of one company, companies from one sector, or one country – they can collapse all at once in times of crisis.



🤖 Find more terms and investing concepts explained in our free education bot: https://tinyurl.com/4dz9rsdr

People usually don't know much about investing. The lack of knowledge is an ideal environment for myths to be born.

Bakksy is set to fight the myths that chain us in old patterns, not allowing you to develop and grow your money!

We are about simplicity, transparency, and honesty. Today, we are starting our "Investing Mythbusters" series, where we break down the myths about investing one by one.

So say bye to the first myth 👋

📲 and check out our free education on investment basics: https://tinyurl.com/4dz9rsdr

Welcome back, folks! In part 1 of "Learn the rules of money", we covered some essential rules to follow when it comes to managing your finances.

Now, let's dive into the next five rules to help you grow wealth and achieve your financial goals.

6️⃣ Diversify your investments
As the old saying goes, don't put all your eggs in one basket. It's important to spread your investments across different asset classes, such as stocks, bonds, and real estate. This helps reduce risk and ensures that your money is working for you in multiple ways.

7️⃣ Start early and be patient
Investing takes time and patience, but it's worth it! The earlier you start, the more time your investments have to grow. Even small amounts of money invested consistently over a long period can add up to significant wealth.

8️⃣ Don't try to time the market
Market timing is like trying to catch a falling knife - it's dangerous! Instead, focus on a long-term investment strategy and let time do the heavy lifting.

9️⃣ Understand the power of compound interest
Compound interest is the eighth wonder of the world, according to Albert Einstein. It's like a snowball rolling down a hill — it starts small but quickly grows. By earning interest on your interest, your money can grow exponentially over time.

🔟 Make a plan and stick to it
Setting financial goals and creating a plan to achieve them is crucial. Consistency and discipline are key to reaching your objectives. Make a budget, create a savings plan, and stick to it. Regularly revisit your plan to make sure you're on track to meet your goals.

That's all the basic rules of money. If you follow them, you will notice how your relationship with finances improves.

But if you want to move on this journey to financial independence, you sure thigh should check out our education bot for novice investors!

📲 Follow the link to learn more: https://tinyurl.com/4dz9rsdr

📍 Liquidity – the speed with which you can turn an asset into money. Cash and securities have the highest liquidity. An old autograph of your teenage crush is rather not. You can sell it, but how much time will you spend looking for a buyer? With stocks it's much easier.



🤖 Find more terms and investing concepts explained in our free education bot: https://tinyurl.com/4dz9rsdr

Everybody's talking about investing. But why? What exactly are the benefits of investing? And should you even consider it or not?

Find all the answers in our new article!

📲 go check it out right now: https://tinyurl.com/36s773x6

Money has rules! And if you follow them, you'll have an easier time growing your cash 💶

So, whether you're a financial newbie or a pro, let's go over some basic rules that everyone should know to take control of their finances and watch their money grow:

1️⃣ Spend less than you earn
Live below your means and give your wallet a break. By creating a budget and sticking to it, you'll avoid overspending and keep more of your hard-earned dough.

2️⃣ Save and invest regularly
Saving and investing can be fun and profitable! Make it a habit and stick with it. Consistency is key to success.

3️⃣ Avoid debt or pay it off as soon as possible
Debt is like a dark cloud hanging over your head, so try to avoid it whenever possible. If you do have it, aim to pay it off quickly and get back on track.

4️⃣ Have an emergency fund
Expect the unexpected! Be prepared for those unexpected expenses by building an emergency fund. This will provide a financial safety net when you need it most.

5️⃣ Invest in yourself (education, skills, etc.)
You are your own greatest asset! Invest in yourself by learning new skills, furthering your education, and expanding your earning potential.

There are 5 more rules, part two is coming!

Remember, financial literacy is a journey, not a destination! Keep learning and adapting your approach as you go 🛣

And if you need some guidance along the way, our education bot for novice investors is here to help 🤖

📲 Let's learn and grow that money together: https://tinyurl.com/4dz9rsdr

📍Portfolio is everything you own that can be called an investment, like a stock of the Apple company, a bottle of nice wine, real estate, or government bonds. Unfortunately, your genius business ideas are not in your portfolio. You would be madly rich by now otherwise.



🤖 Find more terms and investing concepts explained in our free education bot: https://tinyurl.com/4dz9rsdr