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General

Welcome to the Koody Community!

I'm Halimah, the community manager.

Here are a few pointers to help you get the most out of the community:

First, introduce yourself! 🙌

Koody is a community of people helping each other stay on top of their finances. Whether it's saving money, investing, sorting out your pensions, paying off your debt, finding a side hustle or even looking for deals and competitions, someone here has been through it and is happy to share their experience!

The keyword here is "community." Don't be shy! Start by telling people what you want to get out of the community and what you... (More)

Answer
Investing

Here are my investment goals for 2021:

  1. Carry out exhaustive research before investing in any company. stop following the crowd and investing based on hearsay.
  2. Learn how to use more complex financial instruments to complement/protect my portfolio
  3. Invest for the long term
  4. Share my learnings here and in other investing communities.

Bitcoin

I noticed no one is talking about bitcoin or other cryptocurrencies on here so I decided to create a general discussion. Hopefully some of you are interested! 

Yesterday Tesla filed their annual report and announced they have invested $1.5billion into bitcoin and will soon be accepting it as a payment method. I'm still blown away by this.

I sold my bitcoin after the announcement when the price soared to almost $44,000 and made a small gain. I didn't have much in there just £500 but 25% gain in the less than two weeks is not too bad. Thoughts?