SamSnow on Nostr: Once I read (don't remember where) that, before investing in anything, you should be ...

Once I read (don't remember where) that, before investing in anything, you should be able of answering these 5 questions:

- it is a real or a financial asset? (In another words, do I need to trust anyone my money?)
- what needs to happen so I earn money with it?
- what needs to happen so I loose money?
- what needs to happen so I loose ALL my money?
- how liquid it is? (In another words, how quickly can I get out, without a significant loss?)

If they can answer that they are good to go (for btc, shares.. whatever)