Bad Habits That Investment Newbies Do

Last week, we talked about 5 habits that you should persist in. So today, let us move on to some bad habits that we investment newbies might have.

  1. Solely relying on unreliable sources 
  2. Numerous investment amateurs have been walking on a riskier way and listening to untrustworthy information. They would rather join groups on different social networks, to receive investments tips and updates. Thus, it would not be surprising that they do not make fully well-informed decisions. 

    Tips from tiips: Listen to your heart rather than blindly follow others’ advice. Compare different financial products to choose the best item that suits you. 

  3. Lack of concentrated investments
  4. During times when investment beginners are unsure of which product to invest in, they often go for everything. They would get a taste of all kinds, such as precious metals, currency, and futures markets. They wrongly perceive that this strategy equals diversified investment, but ends up unable to fully focus on one single investment type, resulting in even larger losses. 

    Tips from tiips:  Investment beginners should just gain experience by specializing in one category. Deeply understanding the pros and cons of that specific market is a trait that makes you stand out from others. After earning adequate experience, try out other financial products that you are interested in!  

  5. “3-minute passion” 
  6. We might all start investing with passion, but let’s admit it – after some time we have all become lazy and given up. 

    Tips from tiips: Persistence is the key to success. If you are afraid of failing to go on, you may wish to try out monthly investment plans! You will be transferring payments every month to build up a healthy habit of investing. Start regular investments today with no excuse.

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tiips 自2019 年創立至今,2020年完成種子輪融資,唯2021年第四年仍未能籌得新一輪融資,我們作出了艱難的決定,將於2022年2月21號 23:59 終止tiips mobile app 的運作。

我們目前的首要任務是確保用戶積分換取資產及實金買賣服務暢順度及公平性,我們將會分階段停止tiips mobile app 的功能及運作。

實金之安全性

所有客戶的黃金儲存於Tiips Services limited。Tiips Services Limited 是獨立第三方信托人,信托或公司服務提供者牌照號碼為TC007559,客戶的黃金儲存於張氏金業有限公司Tiips Services Limited 的戶口。

Bitcoin的安全性

客戶的Bitcoin存量是儲存在Tips Dollar (HK) Limited 擁有的cold wallet。

時間表如下:

31/12/2021 23:59 停止買入實金。

1/1/2022 00:0021/2/2022 23:59 tiips 積分換取資產及賣出實金及Bitcoin 如常進行。而我們將會用 ”買入價” 回購客戶的資產,已回饋客戶多年來的支持。

21/2/2022 23:59 tiips mobile app 停止運作。

1/3/2022 00:0030/11/2022 23:59 人手處理顧客剩餘現金。客戶的剩餘資產將會用2/21/2022 23:59 當刻價格賣出,而相關金額我們會幫顧客保留,而我們將會用電郵方式確認客戶剩餘之金額,客戶可電郵[email protected]Whatsapp 93889879辦理手續領取現全,該現金我們會用FPS 轉賬,手續費維持港幣$3。

1/12/2022 00:0031/12/2022 23:59 我們會將所有顧客未領取的現金捐贈致愛護動物協會。

儘管tiips mobile app 將終止營運,我們往後會集中開發機構客戶市場,以延續寓消費於儲蓄的理念。

在此,我們衷心感謝所有在過去三年一直支持tiips的用戶、合作商戶及合作夥伴。

tiips was established in 2019 and accomplished its seed funding in 2020. It was with regret that we were still unable to receive the funding for the new round in 2021. Thus, we have unfortunately come to the decision to cease the operation of the tiips mobile app on 21 February 2022 23:59.
To ensure the smooth facilitation and fairness in user points & assets redemption and gold trading, we will close down the functions of tiips mobile app according to different phases.

Safety of Gold

All users’ gold is now stored in Tiips Services Limited, account provided by Cheung’s Gold Traders Limited. Tiips Services Limited is an third party trustee, which its Trust or Company Service Provider Licence number is TC007559.

Safety of Bitcoin

All users’ Bitcoin is now stored in the cold wallet owned by Tips Dollar (HK) Limited.

Timeline as follows:

31/12/2021 23:59 Gold purchases will be suspended.

1/1/2022 00:00 to 21/2/2022 23:59 tiips reward & assets redemption, gold selling and Bitcoin trading will be operated as usual. To express our gratitude throughout the years, tiips will purchase users’ assets at the “BUY PRICE”.

21/2/2022 23:59 tiips mobile app will be ceased to operate.

1/3/2022 00:00 to 30/11/2022 23:59 tiips will manually proceed the users’ remaining cash. Those assets will be sold at the price as of 21/2/2022 23:59, while we will keep the amount of money and email the customers for further confirmation. Customers may email us at [email protected] or Whatsapp 93889879 to collect the cash. The payment will be performed through FPS, and tiips will keep the handling fee at HKD 3.

1/12/2022 00:00 to 31/12/2022 23:59 tiips will donate all the uncollected cash to The Society for the Prevention of Cruelty to Animals (SPCA).

The tiips mobile app might have suspended its operation, nevertheless tiips will continue to expand its corporate market, to sustain the belief in combining spending and saving in the future.

Last but not least, we would like to express our heartfelt gratitude for the support from tiips’ users, merchants and partners over the past three years.