The essence of managing and organizing your financial assets (crypto)

It's a beautiful morning over here. Before it gets busy on my end, I decided to quickly chip this in this morning.

As a fresh start on leo finance, I will be explaining and giving some financial tips and also drop ideas on how to effectively manage your crypto assets. This will further guide your actions and you all the way.

Financial assets

One of the very key thing in life is the ability to organize. Any system that is organized tend to do better and operate more efficiently. Relating this to our individual lives and our finances, you spend less and wisely when you organise your financial assets which can be in form of crypto.

Let's first define what asset or portfolio management is all about

Asset management simply means the act of growing what you already have by ensuring carefully and strategically sustaining and improving the on it.

It also extends to building generational wealth by setting up an independent system that can generate more money for you while you are away. In essence, you don't have to always work all day to make more money.

Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value

How does managing your assets help you?

Managing your crypto assets can help you gain confidence and also help you spend wisely. It gives you a broader view of where, when and on which asset you have some profits on.

To manage your crypto assets, it takes some level of discipline and consistency. It may look tedious at the beginning, but at the long run, it helps you have a broader view of your assets at once.

A well managed and organized asset can help you take some critical decision and also helps you know when to take profits as at when due.

In my long years od experience as a crypto investor, I have come to realize that having a well designed system that helps you checkmate your buy and sells, gains and losses all at once, make trading very easy.

With crypto asset management tools, the chances of loosing track of any of your assets is rare because you already have them all in one piece. Not only does it keep track of your assets, it also helps you keep memories of how much you bought each of them, the quantity and even the date and time you purchased them.

Furthermore, crypto assets management tools are usually built with real time Information and data about virtual all the cryptocurrencies you can ever think of. They contain all the contract address and even most crypto website so that you don't erroneously fall into the hands of scammers with phishing sites.

Doing market analysis is also Avery important tool that can be done with crypto asset management tools. They give you a overall pictorial and graphical representation of how well or bad a particular coin has done in the general market. This information can help you take timely decision as whether to buy more or sell or even hold for a longer time.

Existing tools for managing your crypto assets

One of the commonly used crypto asset management platform is the coingecko

There are several other crypto assets management tools that can help you organise your assets all in one piece but my focus will be on coingecko

I will be explaining hoe it works and how you can use it to gather all your assets no matter how many they are. With this tool, you are sure to know your full worth in digital assets.

In my next article, I will explain in details and step by step process on how you can set up your account and organize all your digital assets in the form of crypto.

I have been using this took for over a decade now and I must say, it has so far helped me alot in taking very important decisions. For sure, you won't regret giving it a shot.

Meanwhile, if you know more crypto asset management tools, you cannas well kindly drop them in the comment box, your ideas will help enrich this post more. I am always open to suggestions and ideas.

Always remember, with an organized system, your crypto trading journey and experience us made easy.

Until I come your way again, stay awesome.

Off to work....

Have a lovely day ahead.

Image used here is from free source an can be accessed through the link under it.