Here are a four important items to consider before investing your hard-earned money

If you truly want to create lasting wealth, investing is the way to go. Unfortunately, even parents and schools that are good about teaching skills for personal finance often don’t show you how to do this. No matter if you’re investing in the stock market or mutual funds or currencies or certificate of deposits or permanent life insurance; some of it much more complicated but all it requires research and serious consideration. 

So before you even get started, you need to think long and hard about your resources and the approach you want to take. The four investing points below all need consideration before you move forward on how to best-invest your hard-earned money.

Review Your Financial Situation

First, you need to organize your finances. Investing can be both fun and lucrative, but it might not make sense if you are paying more in interest on debts than you will earn on your investments. The sensible thing in that situation is to pay off the debts first or get lower interest rates on the existing balance. For example, if you are paying off student loans, you can find out in just two minutes if you are eligible for lower rates. This can also cut years off what you owe. You can use the money that you save to put toward investments. You should also have an emergency fund before you start, with enough to cover at least three months of expenses.

Time and Interest

You need to consider how hands-on you want to be. This is a function of how much time and energy you have and how much you want to learn. There’s nothing wrong with approaching investing passively, putting your money in funds and largely allowing it to do its thing. This would be the case with mutual or index funds. You could also have a robo-advisor select a strategy for you. You probably won’t get super-rich taking the passive approach, but you can do very well. On the other hand, if you have the passion to do the research, you could make a huge amount of money if you become more active.

Budget and Risk Tolerance

Whether you have $100, $10,000, or even more, will it affect the kind of investments you can make? There is actually a lot you can do with $100, but some approaches will require larger minimums. Whatever you decide on, it should be money you can afford to lose or at least not have access to for a certain period of time. This is where your risk tolerance comes in. When assessing your appetite for risk, consider your age and your aim as well. If you are older and hoping to boost your retirement savings, you may not want to be too risky because you have less time to recover from setbacks. On the other hand, you also have less time to watch your money grow, so if you’ve got some cash to spare, you may want to throw it to risky prospects and see what sticks.

 

Professional Help

These days, going online makes it easy to get started with needing a professional, especially since you can use a robo-advisor. However, just for peace of mind and to better understand various strategies and the landscape ahead of you, you might feel better if you meet with a professional to discuss your goals. Friends and families may be able to provide recommendations.

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Call of Duty: CoD: Mobile finally gets its long-awaited launch in China

After many years of rumors and wishes from supporters, the Call of Duty family is now fully launched in China.

The hit Call of Duty (CoD: Mobile) landed on Western shores back in October of 2019, but has now travelled the world over with a huge launch in China this month.

The travel version of Activision’s top-selling shooter game has already earned a massive player base of over 250 million downloads, generating over $330 million by June 2020, making it one of the biggest game launches ever recorded.

CoD: Mobile followed the same vein in just it’s first week in China, earning a small fortune for it’s creators in just a matter of days, which will be a relief after such a long time in the making.

Because of China’s strict rules on gaming, CoD: Mobile has been in China’s authorization stage since it was launched into circulation in 2019, but thanks to Tencent working with TiMi studios and Activision, technology is helping to change the gaming world forever.

With the ability to play the new addition on the smaller screen of a mobile or tablet, it quickly became the number one Christmas present in China, with thousands playing it on Christmas Day.

How Well Did CoD: Mobile really do in China?

According to data from a gaming marketing agency, the new launch generated over $14 million in the first week alone, with all of that coming from player spending.

Despite the huge figures, that makes it the fourth best game in terms of revenue, with Honor of Kings, PlayerUnknown’s Battlegrounds Mobile and Fantasy Westward Journey still ahead of CoD: Mobile in the pecking order.

However, as of the end of 2020, the game had worldwide revenue of an eye watering $644 million, with the United States of America being the top spender, with $287 million spent so far.

On the downloads front, Apple is dominating this digital playground with Android lagging someway behind in terms of the numbers. Apple currently has 61% of the CoD: Mobile downloads, with Android via Google Play clocking in at 39%.

This could all be set to change though, with China set to have continued impact on the CoD: Mobile figures. After already hitting over 300 million downloads in the country, it’s likely that China will soon be replacing the United States of America as the big spenders on the game.

Betting on CoD

Call of Duty was one of the first eSports games that became available with sports bookmakers to bet on, and is continuing to grow in popularity with punters across the globe.

The biggest COD tournaments now tend to be available with a number of different bookmakers, who offers markets on everything from the outright tournament winner to who you think will win that particular match-up.

With the recent surge in interest around betting on Call of Duty and eSports in general, many of the bookmakers are fighting for your custom with special promotions.

That often means that as new players you can receive your stake bet as a free bet or even get a free bet just for signing up.

What’s Next for CoD: Mobile in China?

Along with betting, the launch of the new game has been very lucrative for Tencent and Activision, who already have a monopoly on the Chinese market.

Tencent, alone, have made $20 million from bringing Supercell’s Brawl Stars to China, and already have their hands in Fortnite and League of Legends to name just a few. Mobile gaming is where it’s at right now and where it’s going to go in the future. Despite many people still seeing it as the poor man’s alternative to playing on a console or PC, the new launches continue to prove their critics wrong.

According to Statista, figures show that mobile gaming is only getting stronger in its popularity in China; growing from 133 million in 2010 to nearly 620 million in 2019. For reference, that’s more than double the population of the United States. However, the growth in mobile gamers and gaming isn’t only happening in China, but around the world.

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