So my wealth has declined somewhat in the last six months, thanks largely to the crypto prices, and within that thanks largely to Splinterlands assets prices trending downwards (thankfully I've been skimming to stables so it's not all bad, I feel sorry for anyone that hasn't taken anything out, or worse: bought in late last or early this year!)
My other asset classes haven't changed in value too much in relation to the crypto, mainly because most of my wealth is in crypto:!
Overview of holdings...
85% in crypto
It's mainly Splinterlands, Hive, Bitcoin, those are the big three, which make up around 90% of the lot, and then bits and pieces.
Obvs I'm still thinking we are gonna moon again, and it's likely everything will rise, hopefully, not expecting much for a couple of years but that's oK!
Cash savings...
These are short term because I've got a few things I want to buy over the next couple of years and a 3-5% interest rate over that short period is OK by me.
Gold and silver
I bought a little bit of this back in 2018, and damn I wish I'd bought more, it's done OK.
I'm not sure whether now is a good time to start buying a little more every month....
What puts me off is too things.. firstly that top of the last 10 year trend thing, and secondly as I said I'm holding cash for purchases but the thing with buying gold and silver... I can't honestly see myself selling it again once I buy it!
Shares
Honestly these don't really excite me at all they are just the dreggs of an old investment account which I haven't sold because some of them have done disastrously!
Overall - not too impressed....
Thankfully I own my house with a small mortgage not too far being paid off, I have a teacher pension which kicks in when I'm 60 in around 10 years and my income is OK.
'Cos I don't too much like the look of my wealth.
I didn't include my house in this either, as I live in it, so it's not capital!
Seeing that you are 85% in crypto comforts me a lot... lol... I'm a bit more than that, but mostly in BTC, ETH and HIVE, so not too worried about those 3...
Regarding GOLD, I got some when C19 plandemic kicked, but same as you, I wish I bought more... :)
I'm happy enough staying in crypto, there is something comforting about gold and silver too though!
I've liquidated gold and silver before and the good thing the market for it is very liquid.
Something to keep in mind! There is a lot of them after all!
I think buying gold or silver during the first summer of the pandemic would have still been profitable by now.
Yeah not so sure about now - although I have a feeling it'll carry on going up!
Property does seem like one of the best investments as it rarely loses value. Crypto is in the doldrums right now and crack-downs on exchanges are not helping. At least we can get returns that may partly compensate for price drops. Never just invest in one thing.
One has to be patient with crypto for sure - I'm a big fan of diversifying of course!
How did you buy gold and silver?
You have the acctual stuff or it is a derivative?
Coins in a safe! Old school!
Just mail order
I was wondering the same!
I will start the journey of having a mortgage soon. Congrats on yours not being too far of being paid off!
85% of your wealth on crypto! Wow! that's a lot but I assume you are not counting the house equity which is also part of your wealth.
Cheers!
No I don't count the house equity! I only put in 5% of my wealth to crypto - that-s how much it's grown in relation to everything else!
Awesome achievement!
I also took good profits last bull market, can't wait for the next bull.
I'm preparing for it, but we still need more patience...
Just have to hang on in there!
So you don't have anything to worry! You have a good cash flow coming from your job but 90% in crypto is a little bit crazy!
Well it started off at 5% and just grew to that!