These are my investments and how much I put in them. Looking to HODL until December 2018 or Jan/Feb 2019.
BTC ($500)
ETH ($500)
LTC ($500)
NEO ($500)
VEN ($500)
ICX ($500)
EOS ($500)
NEB ($500)
ENG ($500)
SUB ($200)
WABI ($200)
POE ($200)
LEND ($200)
DRGN ($200)
UTRUST ($200)
THOUGHTS???
Hi there. Odds are you're going to turn a profit as long as the market keeps growing and technologies keep developing. But as the old saying goes, you need to spend money to make money. Your budget for that portfolio is pretty identical to mine, and I happen to be a first-time investor so I might not be the most experienced member of this forum, however, logic dictates that while it's safer to spread your investment over multiple coins, having too many will definitely impede your profits.
For example, to reach $50k, you would need a lot of these coins to go to the moon while exceeding even the wildest of expectations. I also don't think you're playing to some of those coins potential strengths. ETH is a strong coin, $500's worth may not be enough. Even if ETH goes to $5,000 in the next few years, you'd only see around half of that. That's what I mean by playing to the coin's strength. I think that if you ditched some of your smaller coins (not all), and get maybe 1 or even 2 ETH, that would greatly improve your chances at larger profits. Also maybe a little more money into LTC, NEO and EOS (not much, a couple extra hundred bucks) - just to give the strong coins as much fuel as possible
As for your smaller coins, they seem as promising as lots of others, but maybe spend more on those who are under $1? Since nobody really knows how these small yet promising coins will perform, and since you're taking a chance on them, might as well take the chance and buy thousands or tens of thousands of something rather than just in the double or triple digits.
So can you make $50,000? I sure hope so! But it's unlikely that all the stars will align perfectly so that it happens in just 1 year. Think 2-4 years instead.