Almost a month ago I sold a lot of my Cryptos and bought Stocks. I did it because I wasn’t happy with the direction Bitcoin was taking and saw a lot of risks in the market. There was (and still is) a lot of mania and I was looking for relatively a safe place to park some wealth over the festive season.
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As it turned out I missed the big rally in early December and I also missed the big correction in late December. To be honest, I am glad to have missed that volatility. What we are seeing in the market today though is some consolidation and renewed optimism for the New Year of 2018. So I am once again looking to re-balance my portfolio, but before I do I thought it was worth having a look at my stock portfolio to see how it has fared over the last month.
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If you recall I broke my portfolio into Innovation and Defensive Plays :-
Innovation Plays
| Sector | Code | Weight | Bought | Current | Change |
|---|---|---|---|---|---|
| Medical Marijuana | AC8 | 5% | 0.69 | 1.59 | +130.4% |
| Lithium Mining | PLS | 5% | 0.96 | 1.195 | +24.5% |
| Gambling | TBH | 5% | 0.335 | 0.37 | +10.4% |
| Drone Technology | DRO | 5% | 0.19 | 0.21 | +10.5% |
Pretty good performance across the Innovation Plays with an average gain of just over 43.9% in almost a month thanks mainly to the performance of AC8. They shot up after the Federal Government of Australia announced that they will allow manufactured cannaboid medicines to be exported. The whole Medical Marijuana sector has had a big boost from this news, but AC8 still looks to be a standout in the sector. It might be tempting to take some profit here but then it also might still have room to run so I will watch it closely.
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Defensive Plays
| Sector | Code | Weight | Bought | Current | Change |
|---|---|---|---|---|---|
| Gold Mining | NCM | 12% | 22.16 | 23.29 | +5.1% |
| Gold Mining | NST | 10% | 5.83 | 6.05 | +3.8% |
| Gold Mining | EVN | 8% | 2.39 | 2.62 | +9.6% |
| Consumer Staples | WOW | 30% | 26.76 | 27.26 | +1.9% |
| Aged Care | REG | 10% | 3.75 | 3.54 | -5.6% |
| Aged Care | JHC | 10% | 2.18 | 1.995 | -8.5% |
The performance of the Aged Care shares is really a bit disappointing and they have dragged down my average gain to just under 2.4% for the month but it’s still showing a profit mainly due to the good performance of the Gold Mining stocks. Gold has had a great run over the last week or so and has broken through the psychological $1300 USD barrier convincingly so I’m optimistic Gold will continue to rise. I don’t really know why the Aged Care shares are down, they are probably just being weighed down by continued poor sentiment for the sector which will turn around sooner or later.
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I’m not seeing any urgent need to rebalance my share portfolio and a lot of these investments are long term plays. However, I can see some confidence returning to the Crypto markets and I have picked up some ETH and EOS plus I’ve made a few smaller speculative plays in the last week. I am still very wary of Bitcoin and it’s high fees, but it has been dropping market share and I am very happy to see ETH getting more trading pairs on the emerging exchanges. It looks like the alt-coins generally are decoupling from BTC somewhat. These are very positive signs for me as it indicates the market may be maturing and shedding it’s dependency and linkage to BTC.
DISCLAIMER – This information is for general information only and should not be taken as financial advice. I am not a financial adviser and I encourage all readers to seek independent financial advice before investing in any of the above stocks.
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Is there any crytocurrency related to gold? Then I can jsut but these currency and do not need to buy gold.
E-Gold. US government shut down that place.
Not really. Stable coins linked to the USD are hard enough to get working. Pegging to Gold is the next step after that.
Yo buddy, just my two cents..., but, if you believe in the power of decentralization, the blockchain, and unique cryptographically encoded digital assets, then now is the time...
I’m not going to “bitcoin” all over this post because a) you’re obviously a very soohisticated trader with a broad mind to the social fabric, hence the M stocks, and b) i’m not an ass... In fact, when i go to take the leap into paper, maybe i’ll hit you up for some of your moves.
But crypto (and the hoarding of PM’s) has been my game. And i’ll tell you this: there is MORE not less money coming into this space.
With a fixed, limited supply, and greater demand, classic economics requires the “steam” to be let off through a price discovery mechanism.
If this is in fact one of the main drivers, then btc, ltc, dash, and a few of the top vol others have no where to go but up. And relatively speaking, mrkt cap is still very small.
Go forth and prosper man! Sounds like you got this...
👊😎 ~ thedamus
I do sincerely believe with all my heart, but I learnt a long time ago to separate what the heart wants and what the head wants. When it comes to investing my head says to be diversified. That means stocks, physical PMs, cryptos, cash, real estate.....the whole wazoo. I think I still have more in cryptos than most sane people but I'm not going All-In.
Smart! Diversification is key. Bit aottle cash into the right crytpos can be a sweet lil stopover on the way to the stack!
...just sayin’ bro. Your post had me thinking you had sold off your digital. Rock on!
I'm with you here man.
Diversification won't make you the richest guy in town but it certainly contributes to a better nights sleep!
I've sat on a little PM for years and have some related stocks, as well as a growing portfolio. The way I see it is if one goes down, another will likely be going up.
Good luck with your investments 👍🏾
I dabbled in stocks before coming to crypto. I used Robinhood since you can do commission-free trades. There's no research, but the trade is free, so if you have another site where you can learn, you can buy with RH. I stopped buying additional stocks when I started doing crypto, but I had a few that I'm still HODLing.
Cool. Never hear of Robin Hood. I'll have to check it out. I still like to trade a few stocks but the fees kill me.
Never heard of Robin Hood either. How does zero fees on trades make a successful business model? Sounds too good to be true. There has to be a catch?
It's all part of the new business model that involves getting as many users as possible. Don't worry about how much they pay, just get them. RH was funded by Google Ventures, and others, including Snoop Dogg and Jared Leto. They make their money with the margin accounts that you can upgrade to. That allows you to do more than simply purchase a stock. If all you want is to own a share, RH is great!
God bless you
I actually see Bitcoin skyrocketing in the next few weeks.
I think it's a very good chance too! But it will be mania and hype driven (by sentiment) rather than driven by fundamentals IMHO. We will see :)
As long as there are $13 transaction fees for Bitcoin, any increase won't be driven by fundamentals. Because it's no fun and you'd have to be mental to use it. Ha ha. Sorry.
For mining stocks, check out RIO and TECK! Great post!
I'm familiar with RIO and if I was bullish about China (and steel production demand) and commodities generally I would be holding it with BHP for sure. TECK I am not a huge fan of.
I'm pretty Bullish about commodities in general. I think they are having quite the year.
I bought some EOS a couple of days ago and have seen some good growth there. I'm really keen to get into some ETH so am looking at how I can rebalance to include some at the moment.
Great work on your innovative stock picks, you rarely see that type of performance in just one month in the stock market.
Indeed. I am pretty happy with it :)
WoW!
To much information for me to take in with one read, gona have to read it again. I was not aware you could invest in pot with stocks, i always figured it was about handing over a couple grand to a grower you trust in hopes he pays you back with proffit.
You have opened my eyes up to a whol new world.
Thank you!
:D
In Australia there is a push to legalise Marijuana for medicinal use. There are companies working on producing such medicines. We just call them Pot Stocks.
Check out QBL which is a Bauxite stock that has a controlling interest in MCL (Medical Cannabis Ltd) that has just done a HUGE deal with a Canadian company to produce a slow release medical cannabis grade capsule. I've done well out of this one so far!!
OH wow i had no clue.
Im going to look into it, maybe next 200 i can invest in some medical weed insted of steemit or silver this time.
:D
The crazy thing about stocks right now is they are "killing it", but it feels slow compared to crypto. My 401k grew %20 this year. Ha ha. I made %75 in crypto in the last 2 months.
I'm trying to get more EOS as well, just started buying his week. I heard you need to register with EOS so you get the real coin when they launch. You know anything about that?
Congrats. With EOS they are currently just ERC-20 tokens on the ETH blockchain but once EOS is ready to launch their own blockchain you need to have registered your address to get tokens on the dedicated EOS blockchain. Well, that's my understanding of it anyway.
Never heard anything about registering with EOS. I just bought mine through Bitfinex.
Edit: Is this what you mean?
Yup. Thanks for finding that.
Love your portfolio, you are much more diversified than I. I will get there, one day.
.........and glad to see you're back in crypto.
Thanks. I never really left, nor will I ever really leave but I scaled my holdings right back to bare bones for a while there.
I think that was a good play as everything corrected after massive gains. Great job.
For drone/satellite related stocks check $KTOS - my favorite.
Also a new ETF came out that tracks Marijuana related companies $MJX.
Use
http://etfdb.com/etf/MJX/
If you scroll down you'll see its 31 holdings
Thanks for the tips. Though I am focusing on Australian Stock Exchange listings currently.
The Dutch government now decided to take cannabis production in own hands. A test is being set up and Canada serves as an example of mass production. So not medical but for coffeeshops as we call them. The company you invest in is Australian ?
Your analysis about cryptocurrency was very much appreciated.
You made an awesome choice
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