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The stock and crypto market has been plagued by uncertainty and volatility for several months now, leaving many worried about their investments. In these difficult times, it can be a challenge for investors to find success in the crypto world, particularly if they are trying to do it alone. Unfortunately, finding a trustworthy source of information in this nascent space may be difficult. In an era of rampant crypto scams where anyone can declare themselves an expert, it might appear like all is lost in the world of investing. But that’s not necessarily true.
UIGISC, a social club for individuals to share financial information that’s worked for them, shows that people can succeed in crypto and stocks despite the prevailing circumstances. With over 100,000 members who share their strategies and experiences in an effort to help each other, UIGISC is helping members build crypto and stock portfolios even in this tough market.
At the heart of UIGISC is a unique approach to financial education. Members are free to share what has worked for them and the lessons they’ve learned along the way, fostering a collaborative and supportive community. This peer-to-peer approach to financial education is proving to be a powerful tool, with members reporting successful investments and greater financial stability.
One of the fundamental principles shared among UIGISC members is the “⅓ Rule,” developed by member Rabu Gary. This rule recommends three principles for managing money: don’t play with money you can’t afford to lose, don’t take money out of your savings and only invest in spaces you are comfortable with.
The ⅓ Rule involves breaking down “free money” (that is, money that you have left over after allocating funds for rent/mortgage, utilities, debt repayment and savings) into three equal parts. The first part should go toward more debt repayment, the second part toward investment and the final part divided into two halves: one for taxes and one for leisure. This approach helps ensure that investors are able to manage their finances responsibly and sustainably. It also removes pressure from the investor, allowing them to invest and spend money on having fun simultaneously.
UIGISC members can choose what strategies they prefer to use, including combining the ⅓ Rule with other advice from members who make it possible to build profitable crypto portfolios. These include long-term investments instead of jumping on every get-rich-quick scheme peddled by crypto “gurus.” By taking a long-term perspective and holding a diverse range of cryptocurrencies, members may be better prepared to weather the volatility of the crypto market. Other strategies include dollar-cost averaging, which is the practice of investing a fixed amount of money regularly, regardless of market conditions, to help lower how much you spend on investments and reduce the risk posed by market volatility.
But UIGISC doesn’t just provide its members with financial knowledge—it also gives them the tools to put that knowledge into action. The UIGISC Premium Card allows members to buy, sell and spend cryptocurrency with wallet-to-wallet transfers and the ability to spend over 150 traditional currencies. With “bank transfer exchange rates typically 4-8% better than high street banks,” according to the website, and no hidden margins added to their rates, UIGISC members can maximize their investments.
For those looking to take their financial knowledge to the next level, Gary offers a MasterClass, diving deeper into various investment strategies and approaches.