Money Management

How do I manage my money? How do I invest my money? What do I have to pay attention to?

Especially at the beginning, you usually don't have much capital. So when it comes to questions like "Stock or Sell?" or "Should I buy this shoe?", these can't always be answered in one sentence. You should consider whether it makes sense to hold a shoe/another product longer to wait for it to increase in value. Some points to consider include: Q: How much money will I have for the next releases if I stock this shoe? A: Often it makes sense, if there is not enough capital, to drop your shoes/products directly to realize your profit. You have then 1. no risk that the product loses value and 2. enough money for the next upcoming drop. Of course you have to ask yourself how many pairs you can get at the next drop (optimism is important but stay realistic). If you don't have a bot yet you won't suddenly need money for 20-30 pairs at a release. Q: Does the shoe/product have enough potential at all? A: We always answer these questions in the respective release channels or in our investment guides. Q: Is it worth buying a shoe that earns you a few euros? A: Yes, with so-called "brick flips" you can earn quite a bit of money if you buy several products. A very simple calculation as an example: 10x 20€ = 200€. Again, you have to ask yourself which drops are coming up and if you can get rid of the sneakers/other products fast enough before the next opportunities to make money come up.