Diversifying My Portfolio
At this moment, I’m actively working on diversifying my investment portfolio. Up until now, I was heavily invested in cryptocurrency. However, I’ve recently started exploring different avenues for investment. The primary reason for this shift is my belief that the most efficient way to generate wealth is to make money work for itself. While the traditional financial system may not offer the highest returns, it does provide a level of safety and predictability that’s hard to find in the crypto world. Moreover, there are numerous ways to leverage opportunities within the traditional financial framework that align with my investment goals.
To begin this diversification process, I’m considering allocating a portion of my funds into the Vanguard S&P 500 UCITS ETF (VUAA). The VUAA is a popular ETF that tracks the performance of the S&P 500, one of the most recognized indices in the world. What makes VUAA particularly appealing to me is that it automatically reinvests dividends, providing a compounding effect over time. Historically, the S&P 500 has delivered average annual returns of about 7-10% when considering both price appreciation and dividends. While past performance isn’t a guarantee of future results, the S&P 500’s consistent performance makes VUAA a potentially lucrative long-term investment. Additionally, VUAA's expense ratio is low, which means more of the returns are retained by investors rather than being eaten up by management fees.
The second strategy I’m looking into is investing in interest-bearing treasury bills. Treasury bills, often referred to as T-bills, are short-term government securities that mature in one year or less. They are considered one of the safest investments since they are backed by the government. The way T-bills work is quite straightforward: you purchase them at a discount to their face value, and when they mature, the government pays you the full face value. The difference between the purchase price and the face value is your profit. Importantly, in my country, the profits from T-bills are currently not subject to taxation, making them even more attractive. At the moment, Greek interest-bearing treasury bills offer returns of about 2.9% to 3.15% for 3- to 6-month maturities. While these returns might seem modest compared to crypto, the stability and tax advantages make them a solid option for balancing the risk in my portfolio.
The third part of my diversification plan involves utilizing a flexible bank account that offers a 4.15% interest rate for balances over 15,000 euros. One of the key advantages of this account is that it allows for easy access to my funds—I can withdraw money whenever I want. The interest is paid out twice a year, which is a nice feature for generating consistent income. However, there’s a drawback: if I withdraw any amount, say 1,000 euros, before the interest is paid, I won’t receive interest on that withdrawn amount. Despite this limitation, I consider this account a valuable tool for maintaining liquidity while still earning a respectable return.
Of course, the core of my portfolio remains in cryptocurrency, spread across various DeFi platforms that offer a range of returns. For most platforms, I’m seeing an annual percentage yield (APY) of 3% to 5%, which is comparable to some traditional investments. However, there are exceptions, like Hive, which offers up to 15% in its HBD savings. The downside to crypto, though, is the lack of liquidity, high slippage, and the complexities of dealing with taxes. In my country, capital gains from crypto are taxed at rates ranging from 15% to 50%, depending on the total income. Furthermore, using crypto exchange cards for everyday expenses can be complicated. Once you reach a certain spending threshold, these platforms might start asking for proof of funds, tax information, and more, which I prefer to avoid.
Interestingly, during bull markets, there’s often increased demand for buying crypto directly, bypassing banks and cards, which is where I conduct a significant portion of my business. However, as mentioned earlier, liquidity is a persistent issue, and managing it effectively is critical to my overall strategy.
While I’m still deeply invested in the crypto it is time to start searching some of the more traditional investing products because diversification is key to the long run.
Do any of you have any suggestion about a more traditional investing plan??
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VTI has been treating me nicely for the last few years! It mirrors the S&P 500. Hard to find a good stock value though that also pays out a decent dividend seems like they don't exist.
Yes the dividends are not high enough but most companies use a lot of cash to buy stocks back to boost the price and also boost the speculation. VTI seems really good the basket is everything so it will fail if everything fails.
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6 days ago in #life by slobberchops (81)$0.00
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[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://www.publish0x.com/the-dark-side-of-hive
https://www.reddit.com/r/stoptheabuseonhive/
https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason
SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS
[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.
$4.28
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[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too
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gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00
https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work
@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345
HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM
https://hive.blog/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
Reply 2 to @eddiespino
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cwow stop the drink and drugs
Stop supporting the fake Hive police who do nothing but exploit Hive
Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries
https://peakd.com/hive-158694/@bilpcoinbpc/marks-dream
Zac the man with the scam plan
lol the Marky mark keeps dreaming
GET HELP STOP CRYING
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Hello Marky, are you ok do you need help, are you facing mental health challenges?
It's crucial to seek help. Continual dishonesty can erode trust and your mental health. Downvotes do not have an impact on us, but our consistent sharing of accurate information is key to us.
Marky stop getting butt fucked LOL.
https://hive.blog/computers/@themarkymark/re-bpcvoter1-sfi1bm
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[-]themarkymark (80) yesterday (edited)
Farming? Show me where I am farming, I post like one post a month at this point, and all buildawhale is burned. As you say transactions don’t lie. And don't say curation rewards, I'd get those no matter what I vote on and if you expect I will be the only person on this blockchain to forfeit curation rewards, you are dumber than we know you are.
https://hive.blog/hive-167922/@bpcvoter1/seq7ok
https://www.bilpcoin.com/undefined/@bpcvoter1/response-3-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
https://hive.blog/hive-193084/@bpcvoter1/response-2-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
!LOL !WEED !GIF !MEME
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-sepr9c
21 hours ago in LeoFinance by themarkymark (80)
https://hive.blog/hive-167922/@bpcvoter1/senppv
https://hive.blog/life/@anomadsoul/re-gogreenbuddy-seqf1p
https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-setz65
Response 4 to themarkymark marcus, buildawhale usainvote ipomote leovoter gogreenbuddy, and over 100 of his alt accounts
Reply 2 to @eddiespino
Reply to @eddiespino
cwow stop the drink and drugs
Can't you see the problems on Hive?
Hive dropping to $0.000
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LOL
It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues
lol the Marky mark keeps dreaming
Marks dream
https://www.publish0x.com/the-dark-side-of-hive/the-marky-mark-marcus-its-clear-youre-deeply-engaged-in-farm-xmjodol
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https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming
themarkymark (80)in FreeCompliments • 2 days ago
No.
I downvote spammers, you are a spammer, you get no monies. It’s very simple.
In the meantime go get some help. You obviously have some issues going on.
2 days ago in FreeCompliments by themarkymark (80)$0.00
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[-]bpcvoter1 (-4)(1) yesterday · Will be hidden due to low rating
GET HELP
$0.00Reply Edit
[-]themarkymark (80) 4 hours ago
I have a personal chef, maid, and a captain for my yacht. What other help do I need?
$0.00Reply
https://hive.blog/hive-140084/@themarkymark/re-bpcvoter1-sg5l3x
@gogreenbuddy THIS MAN IS A TOP HIVE FARMER AND SCAMMER SOME OF HIS OTHER ACCOUNTS @THEMARKYMARK @BUILDAWHALE @USAINVOTE @UPMYVOTE @LEOVOTER @IPROMOTE @PUNKTEAM @CWOW2 @STEMGEEKS AND 100s more
https://www.publish0x.com/the-dark-side-of-hive
Upon examining our posts, you will notice they have been downvoted, and we've been labeled as scammers and spammers, which we find amusing. We consistently share new content
https://hive.blog/a-i/@worldhelper/chatgpt-100percent-hp
it's so, so concerning to see Blocktrades delegating 2+ million Hive power to Buildawhale, and Buildawhale is downvoting legitimate content
Are there back account like that over there? Over here, you can't withdraw, they lock your money for years, and they can't even offer up to 4%. The flexibility of that option for you is very good.
@tipu curate
Upvoted 👌 (Mana: 40/60) Liquid rewards.
It’s the only available product that offers that of course the bank can change it whenever they want.
It's a good one
Seems like a good plan.
I've moved my spare cash to a 2% interest account that pays the dividends out daily. Another portion to a flexible stock fund at 4.6% and obviously a lot in crypto.
We have a big mortgage so the priority for now is to bring that lower and then to buy some real life assts for rental.
Slowly but surely increasing my revenue streams.
Revolut has a 2.93% account that pays daily and it is flexible you can also check this out.