@ cryptographic Out of the 4horseman (ADA BTS SYS STEEM) do you have any favorites?
I'm debating re balancing my portfolio, but keep wavering between my decision. Plus, I'm still looking to allocate some long term capital...
Decisions, decisions...
Also, what did you mean by, "We'll have to wait and see, but right now I'm thinking that it might be a good January (for you know who), or at least not a bad one." Didn't catch this one...
Believe it or not, my personal portfolio, with 2 ADA rebalancings, is still beating the "locked" model portfolio, in spite of ADA's huge run-up enormously benefitting the model portfolio!
One of the big reasons for that is that a good chunk of the ADA rebalancings went into STEEM in the 1 dollar range. Even with ADA mooning again, STEEM is outperforming. (See my Buy Low, Sell High post for more background on my feelings about good portfolio management. )
We always have to wait and see - it's ultimately always a probability play. A sideways month for BTC with the still lesser known but very good crypto alternatives playing catch up would be a good January, if you're positioned for that.
The 4 horsemen? It's hard to pick a favorite, but perhaps BTS is best positioned to "go viral" in the coming weeks and months, IMO.
Thanks for the insight and advice! AND CONGRATS ON THE ONE MILLION+ SIR!!! I'm definitely in awe of your trading abilities and will be highlighting your blog in my next post.
That's an intraday print. We've still got a couple of hours before it's official. 😉
What's more impressive though is the fact that my real portfolio, which I have managed and kept in balance by selling ADA twice now over the last two months of 2017 and buying laggards like STEEM (was a laggard when that happened), has kept pace! The locked portfolio currently has ADA at over 61% of the portfolio's weighting. That's completely insane from a risk management point of view. My real portfolio currently has ADA at a little over 17%, where it should be. Either way, ADA or BTS, which is the second most overweighted in the locked portfolio, or even STEEM, sooner or later, one of them was set to do what ADA has done. What the balanced portfolio does for you is to capture the individual big moves one at a time, if you're so lucky as to see them in isolation, and, theoretically your long term gains should be larger. This is still an example in the making, so we'll see if that holds true here too. As I say, the real accomplishment is the balanced portfolio management - when the balanced portfolio is keeping up with the hypothetical static benchmark, you've got something to write home about.
Buy Low, Sell High
Quite amazing that your real portfolio is keeping up with the locked one. Just goes to show the value of portfolio rebalancing.
You've convinced me and I've decided I need to rebalance. My current dilemma is that all 4 of the horseman are grinding at their highs. Currently, I'm heavily overweight ADA and also holding bts and steem. No sys position. What would @cryptographic do?
I would seriously consider adding Syscoin to the portfolio and I'd also look very seriously at BitUSD. After that, if there were still funds left over from the ADA sale, I'd probably distribute them to the laggards in proportion to their lagging percentages.