#BloggingChallenge Part 2 // Day 2 // Best Investment You Made.

in Blogging Challenge2 months ago

Day 2 of part 2 of the #BloggingChallenge asks what my best investment was. I’m going to highlight both the crypto world and non-crypto world for this one.

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Photo By: Josh Appel

In the normal world of finance, my best investment so far has been my 401K. For those that don’t know. A 401k is a retirement account provided through your employer. Very similar to an IRA if you're familiar with that. Your employer will take out a designated amount of your paycheck before taxes, and then usually they will match a percentage of what you put in. I have been putting money into mine for the last 5 years, and have earned a very good return on my investments thanks to compound interest, and my employer's match. I can’t touch this money without paying a penalty until I’m at retirement age, so this will be one of the main income sources for me during retirement.

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Photo By: Pierre Borthiry

In the world of Crypto, my best investment so far has been in Alien Worlds on the Hive Blockchain. I have only been in crypto for a couple of months, and I haven’t put too much into it, so I don’t have any crazy returns. That is except in Alien Worlds. I started playing in March a few weeks before the price of TLM shot up. I actually never put any money in. I got a free Crypto Monkey NFT, sold it, and bought 3 drills for around 2 Wax. By the time Wax went up, I had around 500 TLM and multiple NFTs. I sold most of what I had for a profit of over 1000 WAX. I’m currently looking for new projects to reinvest this into.

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Those are my two best investments so far, but I’m hopeful that there will be more in the future.

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Hello @horstman5. Nice investments you made. Good luck on your journey on Hive.

Thanks!