Net worth Portfolio Review: 5.1% in crypto, is it too much?
It is easy to get agitated when crypto goes down. But I realise that is rather delusional. It needs to be viewed from the grand scheme of work.
In this case, by doing a review of net worth in one's portfolio, things will get a bit clearer.
This is how my current portfolio assets looks like...
First, calculate the worth of every assets one holds. House assets, liquid savings, etc.. And chart it.
From the pie chart above, it can be seen that crypto occupies 5.1% of overall portfolio. The rest of the assets are less risky, and only crypto is the most risky.
5.1% in crypto, is it too much? No, I don't think so given that I have other assets to fall back on.
By keeping it low, it helps keep the mind sane when crypto tanks.
It is also clearer for one to see how one can limit risk when the crypto percentage goes higher in the bull market. In such cases, sell some crypto, take some profits and put into liquid saving for expenditure or fixed deposit.
This is a good exercise. I think all investor should create one for themselves.
This is a good strategy. Tbh going all in with crypto is one way to emotional turmoil especially if you don’t have a strong financial background.
Offline assets plus some crypto projects works fine, for me I’ll go for 50/50. I think you’re much on a safer side with having 5% in crypto. Would definitely keep you sane enough to explore the space more compared to those who’s got all their skin in the game.
Yeah, maybe there is a need to increase the percentage as years go by and when income increases. !PIZZA
That’s a good plan. And with crypto prices going up so will the percentage too. And I think the crypto market is much more mature than it was years ago.
$PIZZA slices delivered:
@svanbo(1/5) tipped @cryptothesis
cryptothesis tipped jfang003
cryptothesis tipped mviews
I love how you are working with diversification in your investment portfolio. It is actually necessary not to depend on one source and yes it is not too much to have close to 5% in Crypto
Diversification is key in managing risk. A 5.1% allocation to crypto may make sense, especially considering crypto's inherent volatility.😊
o..o hmm thought ud have more than 5% in crypto thats surprising
Yes, I was surprised too. :)
O.O ya and u alread had a lot in crypto
My crypto portfolio can be seen below. Yours chart looks good.
I have a seperate portfolio for hive. Hive is earnable and that is why i keep it's data seperately. You have a good amount of hive already.
From the pie chart, it can be seen that 5.1% of the crypto overall portfolio is logical as it is best to keep the risk money in the portfolio low. Also, the portfolio should be made up of other assets such as those that are less risky. thank you
This is a very good investment, crypto is too risky and 5% seems really fair.
only 5.1% ?
I think it's a solid distribution right now. Crypto is still a riskier asset so I think 5% is enough. I wouldn't really try to put too much more in that end.
It’s a good reality check. !PIZZA
https://twitter.com/jewellery_all/status/1721648784898416817
I wish you the best of luck with your investment. 5 % is a big amount.
What is superannuation? !HUG
@svanbo, sorry!
You are out of hugs for today.
You can call the HUG bot a maximum of 3 per day.
The current call limits are:
https://www.investopedia.com/terms/s/superannuation.asp
Thanks mate! !PIZZA