Financial Management: Correct Approaches

Advisorywise investment company managing partner Nodira Sodiqova shared her thoughts on the Ucast podcast about how to achieve financial stability by not depending solely on a salary, but earning income through proper money management. According to her, investments are necessary for financial stability, but to achieve this, infrastructure such as stock exchanges, bonds, and brokerage services must be developed.

In Sodiqova's opinion, it is important to thoroughly study the selected financial instrument before investing. "As a conservative investor, I never invest in tokens blindly.

First of all, I look for evidence that the project might succeed by studying the 'white paper' and analytical data. Only then do I make a decision.

However, I keep my main reserves in Bitcoin and Ethereum, because I believe in the technology. I store them in cold wallets and, in general, always profit from them," says the expert.

According to her, an investment strategy is always related to one's attitude toward risk. It is necessary to allocate funds properly and not invest everything in a single asset.

For example, 50 thousand dollars can be divided into several parts, each with a different risk level. "And of course, 10 percent should be allocated to gold—looking at its dynamics over the last decade, it continues to grow despite occasional declines," Sodiqova adds.

Unlike gold, the crypto market is highly volatile and many projects disappear without fulfilling their promises. But leading cryptocurrencies continue to grow based on technology and demand, notes the podcast guest.

Another important tool is real estate, but a strategic approach is also necessary. "I would invest in real estate specifically in Uzbekistan, but not in a two- or three-room apartment; rather, in a studio apartment.

You could set up an apart-boutique in it and rent it out. I have tried this myself—the smaller the area, the higher the liquidity of the object," says Nodira Sodiqova.

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