An iGaming expert, Jaser Davari, talks about the businesses for investment opportunities. He recommends the five businesses in which new investors can invest.
Is there any advice for new investors you would like to share with us?
There are many tips and advice that a beginner should at least listen to and think about before investing their hard-earned money. Well, making money in the market requires a set of rules. Beginners often jump in with very little knowledge of the markets and face loss. We can take examples of some of the most successful investors in history and learn from them. Now, different investors will give different opinions about it. This is why carefully crafting your own set of investing rules is also important.
Firstly, you can’t be right a majority of the time. So. If you lose, get out of it quickly and if you see the profit, let the winning trades run. Before investing in any business, look at its quality first and then look at the price. Buying a poor-quality company just because the price is low will not give you the best results. Secondly, new investors should learn how to hold their investments for a longer period of time.
Another thing that I want to mention is that diversification is of utmost importance for new investors. It means don’t invest all of your capital in one business. Although this rule is good for beginners, it can reduce your profits.
What are the top businesses that you recommend to new investors?
There are many businesses that new investors can try to invest in. However, the top businesses that I would recommend to new investors are stock trading, iGaming, cryptocurrency, real estate, and currency trading. These industries have experienced something of a boom and have an extremely bright future ahead of them.
iGaming is surely expanding at an incredible rate. Why do you think iGaming would be best for investment purposes?
As the online gaming industry is showing impressive growth, many investors are now shifting their focus on it. Besides the attraction of players, this industry has also gained the government’s support in many countries. The online casino industry is a fast-growing market and is growing tremendously as more and more countries are legalizing playing casino games on the internet.
Some people think that the iGaming market is volatile. There’s no denying this, but the market is also bounded by different laws and regulations in many countries. Seeing its potential, many entrepreneurs are starting their own iGaming platform. Today, more and more industries are entering the digital world, so shifting online would be a sensible option.
The casino industry is ready to expand even further, and by just observing the numbers, you can tell how incredible this is.
We also asked Jaser Davari regarding the latest hype about cryptocurrencies.
What are the advantages of investing in cryptocurrencies?
Investing in cryptocurrency is something we all should look into. Cryptocurrency investments can generate huge profits. However, some people do not give much attention to it due to the market volatility and high risks. Entering the crypto market with proper knowledge and a little experience helps traders to take advantage of this profitable investment.
You should be aware of both pros and cons of any investment opportunity. Some features that make cryptocurrency investment attractive to investors are its transparency, 24/7 availability, having complete control, and more. Investors can visit the safest cryptocurrency exchanges and trade in their preferred cryptocurrency.
Investing in cryptocurrencies such as Bitcoin comes with many advantages such as lower inflation risk, new opportunities, and high liquidity.
We often hear that investing in some businesses is just like gambling at a casino. Is it really true, and what are your views about this?
Well, both investing and gambling involve risk, but both are definitely not the same. Almost all forms of gambling mainly depend on luck. Investing, on the other hand, requires research and also isn’t addictive. We can say that there’s a thin line of difference between investing and gambling.
Moreover, gambling does not give you ownership of a product, while investing does. People usually invest for the long term, but gambling is short-term. Both of them involve risks, but the extent of risk is greater in gambling. Gambling is done most of the time for the pleasure of it. You can not plan your future goals based on gambling, but investing is always done with a goal in mind.
Another major difference that people often forget is that investing in stock means you own a share of the company. On the other hand, you own nothing by gambling. Investors can also easily access the resources for gaining relevant information about the business they want to invest in.
We hope you got to learn something from our discussion with Jaser Davari just like we did.
