How diversified are you with your investment, crypto aside?

carlfebz2

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Quote from: batang_bitcoin on August 02, 2022, 06:39:09 PM

Quote from: carlfebz2 on August 01, 2022, 04:42:14 PM

Quote from: batang_bitcoin on August 01, 2022, 04:24:05 PM

Most staking platforms that do have stablecoins on their assets are likely giving 10% APY. For you have that various choice, check the assets of mycointainer and you'll see the APY of the assets that they support.
Many are not that much but it's better than to be gullible of those high APYs but too good to be true. Read their terms and be guided.

Based up on experience 10% APY is standard for most staking platforms but still not enough for me to trust up but if i do see that you could withdraw anytime without having that much big charge or reduction then

i might consider such option but if not then i would simply skip.If you do have money to spare then it isnt really bad to take or touch up staking but of course you should mind off about the certain risk.

Not all projects do end up on good fate but rather declining and even dying when the time comes thats why you should be careful on choosing which one.

Well, if you think that 10% isn't enough then find other platforms that will give you more than that. The banks are even giving 1%-3% and that's likely the highest. Although some digital banks are also in existence today and can give as high as 7%.
Yes, flexible savings is what we want so that we can pull out our money so quick and that's why you have to choose a platform like mycointainer that don't require assets to be locked as you stake.

So anytime you would able to pull those assets you have staked? If thats the case then it would be on lesser risk compared into those who do have 1 year locked before you could able to get those amounts you

had invested.Its true that those percentages are really on point on what banks do give out and since we do have platforms offering staking which give as much as 30%+ then this is where people do become

too much interested on it thats why they do make out some consideration on touching up this area but of course we should be mindful about the risk lies ahead which is more than
on what we do saw into those banks that we've been get used to.

SquallLeonhart

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Quote from: Z-tight on August 02, 2022, 01:06:10 PM

Quote from: TelolettOm on August 01, 2022, 04:52:57 PM

fo me, investing in crypto is a risky but profitable investment, moreover in Bitcoin. some altcoins are also owned like BNB, ETH, LTC, and some others. but not sure about the APY.
outside cry[to, investment in gold is one of the ways that I can reach, than in property because of the limited capital

Everything is a risk, 'life itself is a risk' and there is nothing to change that. If you are to invest in crypto you have to choose one of them, if you think you are diversifying when you invest in btc, eth, bnb etc, you are wrong, i will choose only btc, and for the other person, they should choose the one coin they trust, then look outside of crypto for extra investment, i.e. bitcoin and gold, bitcoin and stocks, bitcoin and silver, etc, that is diversification.

You can think of it as all risk, but you do not have to end up doing something that would risk even more. I personally do not think that it would be that much of a trouble, I am willing to let it be a small issue but that doesn't mean that I would make it an okay thing to risk even more than I should.

So, while I am all for risking some to get even more, doesn't mean that I would be willing to consider taking risk of all my money in a single red or black on roulette, that's way too much, so I am making it smaller by investing into bitcoin and a few other big names and nothing more right now, because that is how we could end up profiting even more.

GreatArkansas

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?
(......)

Another thing is you must look at local investment, like owning some properties or land which is another way to avoid inflations if you are afraid to go all in with cryptocurrencies.
And another thing there are already a lot of tokenized assets now, even stocks, gold, silver, etc., you can own them just using cryptocurrencies and it is a good thing also as diversified.

batang_bitcoin

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Quote from: carlfebz2 on August 01, 2022, 04:42:14 PM

Quote from: batang_bitcoin on August 01, 2022, 04:24:05 PM

Most staking platforms that do have stablecoins on their assets are likely giving 10% APY. For you have that various choice, check the assets of mycointainer and you'll see the APY of the assets that they support.
Many are not that much but it's better than to be gullible of those high APYs but too good to be true. Read their terms and be guided.

Based up on experience 10% APY is standard for most staking platforms but still not enough for me to trust up but if i do see that you could withdraw anytime without having that much big charge or reduction then

i might consider such option but if not then i would simply skip.If you do have money to spare then it isnt really bad to take or touch up staking but of course you should mind off about the certain risk.

Not all projects do end up on good fate but rather declining and even dying when the time comes thats why you should be careful on choosing which one.

Well, if you think that 10% isn't enough then find other platforms that will give you more than that. The banks are even giving 1%-3% and that's likely the highest. Although some digital banks are also in existence today and can give as high as 7%.
Yes, flexible savings is what we want so that we can pull out our money so quick and that's why you have to choose a platform like mycointainer that don't require assets to be locked as you stake.

BuNga_cute

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Quote from: Johnyz on August 02, 2022, 04:43:40 PM

Investing regularly with crypto is great, you just need to analyze where to put that money. Maybe you can diversify it into Bitcoin and the half is for any altcoins that you see potential for long term investing. I will always add BTC as one of my priority though of course the risk will always be here. If you want a less hassle and less risk investment, go for the bonds and other banks products, which I think can be a total waste of opportunity for you.

If we have been investing regularly in crypto and the results are satisfactory, then many people think there is no need to invest elsewhere.
Even though that's a wrong thought in my opinion, because we know investing in crypto is very high risk, so we should have a backup plan
in case anything bad happens to crypto. It is true that investing in bank products does not provide satisfactory results, especially with the very high
inflation rate. But there are still other options to diversify, like investing in Gold is still feasible for us to do. Although the profit generated from
investing in Gold is not as large as we get from investing in crypto, at least it can minimize the risk when investing. Even if we have a large
capital investment in real estate is another consideration to do, because my advice diversify investments should be done other than crypto.
We have to think about the worst that could happen, so it is highly recommended to have investments other than crypto.

Vaculin

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Quote from: mk4 on August 01, 2022, 05:34:19 AM

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

There are far less risky traditional market assets, like index funds.

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

A business. Start and grow a business yourself(or purchase one), then hire managers so the business be somewhat "passive"; without frequently needing your presence for the business to run.

You can franchise a popular fastfood chain for another investment, I’m sure that will gain a good income since the name of your business is already established. So even if you are working on your crypto investment, you can still yield a good amount of income without your presence often seen in the store.

Johnyz

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Investing regularly with crypto is great, you just need to analyze where to put that money. Maybe you can diversify it into Bitcoin and the half is for any altcoins that you see potential for long term investing. I will always add BTC as one of my priority though of course the risk will always be here. If you want a less hassle and less risk investment, go for the bonds and other banks products, which I think can be a total waste of opportunity for you.

Russlenat

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

Bitcoin is a very good investment, yet a very risky too. But I definitely agree on you that there is no other investment that is profitable as bitcoin. However, you could also invest into real estate, buying them at a low price, and selling them at a higher price after making some good developments. You can diversify your investments as much as you want, but always allocate higher portion of capital for bitcoin.

Mahanton

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Quote from: Z-tight on August 02, 2022, 01:06:10 PM

Quote from: TelolettOm on August 01, 2022, 04:52:57 PM

fo me, investing in crypto is a risky but profitable investment, moreover in Bitcoin. some altcoins are also owned like BNB, ETH, LTC, and some others. but not sure about the APY.
outside cry[to, investment in gold is one of the ways that I can reach, than in property because of the limited capital

Everything is a risk, 'life itself is a risk' and there is nothing to change that. If you are to invest in crypto you have to choose one of them, if you think you are diversifying when you invest in btc, eth, bnb etc, you are wrong, i will choose only btc, and for the other person, they should choose the one coin they trust, then look outside of crypto for extra investment, i.e. bitcoin and gold, bitcoin and stocks, bitcoin and silver, etc, that is diversification.

Wont really be bad to choose other option as long your finances permits and able for you to do so.Doesnt matter if you do choose traditional investment or adding up your crypto portfolio.
You do really need to take up some risk and its true that everything does have the risk.Therefore, you should really be that having on being prepared on certain conditions.
Its up to you because all of us are really that serious on finding other source of income which might be generated out by the investments that we are involving in.
Although it wont really be that simple and effective most of the time but at least we do try.

skarais

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Quote from: _BlackStar on August 02, 2022, 04:57:37 AM

I believe we have many great options to choose from for investment instruments including crypto, gold, property or land as well as bank deposits. I would probably pick 3 of the ones I mentioned above and those are crypto, gold and land but the latter would probably be a completely safe choice for you in the long run without too much risk.

Crypto and gold are always fluctuating and may still fall lower, but land investments will tend to provide maximum returns in the long term especially if they are strategically located for future development. However, I own crypto as well as gold because it is an option I accept the risk.

Gold and Crypto, that's the options I'm considering right now as they both provide a decent return. I am more familiar with gold than crypto and gold has been my long term investment or perhaps as a store of value asset.

Apart from being jewelry, gold is good for investment but since crypto opens up more opportunities for profit than gold then I might consider 70% of my investment here and the remaining 30% in gold. I know the risks, but also I think it will be worth the payoff.

Z-tight

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Quote from: TelolettOm on August 01, 2022, 04:52:57 PM

fo me, investing in crypto is a risky but profitable investment, moreover in Bitcoin. some altcoins are also owned like BNB, ETH, LTC, and some others. but not sure about the APY.
outside cry[to, investment in gold is one of the ways that I can reach, than in property because of the limited capital

Everything is a risk, 'life itself is a risk' and there is nothing to change that. If you are to invest in crypto you have to choose one of them, if you think you are diversifying when you invest in btc, eth, bnb etc, you are wrong, i will choose only btc, and for the other person, they should choose the one coin they trust, then look outside of crypto for extra investment, i.e. bitcoin and gold, bitcoin and stocks, bitcoin and silver, etc, that is diversification.

ethereumhunter

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Quote from: Rufsilf on August 01, 2022, 05:43:16 PM

It is common to think about earning a profit when investing but you have to consider the situation that crypto is a risky investment, perhaps all investments are quite risky. For you to decide, it is a need for your mind to clear the doubts and keep the positivity within, and be firm in what you aim for. And the only thing I could suggest for you is to start investing in Bitcoin and be satisfied earning small as I think that was important rather than thinking big.

The name of investment must have risk and this is what we must know to minimize that risk. If you invest in crypto, you need to choose what coins you can use so you can start analyzing when you can invest. But if you only invest in bitcoin, I think it's a good choice because you can start buying bitcoin when the price is down, like now and hold it for a certain period. If you can hold bitcoin for the next few years or until the price increases and creates a new ATH, it will give you a big profit.

_BlackStar

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I believe we have many great options to choose from for investment instruments including crypto, gold, property or land as well as bank deposits. I would probably pick 3 of the ones I mentioned above and those are crypto, gold and land but the latter would probably be a completely safe choice for you in the long run without too much risk.

Crypto and gold are always fluctuating and may still fall lower, but land investments will tend to provide maximum returns in the long term especially if they are strategically located for future development. However, I own crypto as well as gold because it is an option I accept the risk.

el kaka22

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There is nothing else that you could invest which would give returns like you could find in crypto. Sure many people think that there are, but there aren't any and that is what matters to me. I personally would prefer that if we could go down this route, then we could come out swinging and crypto would be the hammer in our hands.

So, if you are thinking about anything else, don't, definitely not idiotic stuff like savings accounts because they are just traps for banks to get your money to make more money with it. All in all, crypto is not something that makes you money alone, it gets you rich and you should be holding it as long as you could possibly hold it.

Pandu Geddon

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Quote from: Rufsilf on August 01, 2022, 05:43:16 PM

It is common to think about earning a profit when investing but you have to consider the situation that crypto is a risky investment, perhaps all investments are quite risky. For you to decide, it is a need for your mind to clear the doubts and keep the positivity within, and be firm in what you aim for. And the only thing I could suggest for you is to start investing in Bitcoin and be satisfied earning small as I think that was important rather than thinking big.

collecting a little of our small earnings for bitcoin would not be bad. a little, but if it is done continuously and consistently I think it is only a matter of time we will have quite a large asset.
I set aside Bitcoin. but from trading, I attract to investments like gold. I just collected bitcoins, and it's not worth much. but I want to be consistent to do it.

Wind_FURY

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Quote from: TelolettOm on August 01, 2022, 04:52:57 PM

diversification in investment is something that is beneficial. this is to decrease the risks. however too many diversifications may also disturb your focus.

fo me, investing in crypto is a risky but profitable investment, moreover in Bitcoin. some altcoins are also owned like BNB, ETH, LTC, and some others. but not sure about the APY.

outside cry[to, investment in gold is one of the ways that I can reach, than in property because of the limited capital

Plus if plebs like us with very small capital truly want to make REAL MONEY, then we should NOT "diversify" like we control an amount of capital that has more than 7 figures in value. Buy the DIP, and HODL Bitcoin would be enough. It's still risky, but not as risky as gambling with 20x leverage.

OP, another advice I can give you is, put ALL your coins in cold storage. Temptations of selling will always be there in your mind especially during market crashes. The cold storage will help you fight that temptation. Cool

Rufsilf

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It is common to think about earning a profit when investing but you have to consider the situation that crypto is a risky investment, perhaps all investments are quite risky. For you to decide, it is a need for your mind to clear the doubts and keep the positivity within, and be firm in what you aim for. And the only thing I could suggest for you is to start investing in Bitcoin and be satisfied earning small as I think that was important rather than thinking big.

TelolettOm

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diversification in investment is something that is beneficial. this is to decrease the risks. however too many diversifications may also disturb your focus.
fo me, investing in crypto is a risky but profitable investment, moreover in Bitcoin. some altcoins are also owned like BNB, ETH, LTC, and some others. but not sure about the APY.
outside cry[to, investment in gold is one of the ways that I can reach, than in property because of the limited capital

carlfebz2

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Quote from: batang_bitcoin on August 01, 2022, 04:24:05 PM

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

Most staking platforms that do have stablecoins on their assets are likely giving 10% APY. For you have that various choice, check the assets of mycointainer and you'll see the APY of the assets that they support.
Many are not that much but it's better than to be gullible of those high APYs but too good to be true. Read their terms and be guided.

Based up on experience 10% APY is standard for most staking platforms but still not enough for me to trust up but if i do see that you could withdraw anytime without having that much big charge or reduction then

i might consider such option but if not then i would simply skip.If you do have money to spare then it isnt really bad to take or touch up staking but of course you should mind off about the certain risk.

Not all projects do end up on good fate but rather declining and even dying when the time comes thats why you should be careful on choosing which one.

batang_bitcoin

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

Most staking platforms that do have stablecoins on their assets are likely giving 10% APY. For you have that various choice, check the assets of mycointainer and you'll see the APY of the assets that they support.
Many are not that much but it's better than to be gullible of those high APYs but too good to be true. Read their terms and be guided.

SirLancelot

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

You are young and professional already but what appeals me more is that you are considering investing your first salary in crypto. You are far better than the majority here. Another thing that appeals me is that you seem to know a lot including the risks and this is why you are deciding to diversity. If it's about savings only then I think we shouldn't mind the returns because we are already getting a return in our investments.

Traditional markets can be less volatile but they are also less risky. You can diversify your funds on them to lessen the risk that you are getting here in cryptos. What is better is that they might be unaffected whenever there are problems happening in the crypto world.

milewilda

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

If you do love to have that less than 1% APRon storing up your cash then its your choice since its your money.If you couldnt bare up the risk involved here in crypto space then it would really be also your
choice.Some people couldnt really just able to tolerate the risk and would stick out into those traditional investment but if we do really sensibly think then it isnt really just worth it i must say.
You cant really able to tell on what would be the outcome of your investments but its isnt really bad to take up some consideration to diversify in other markets and of course you do
really need to embrace the risk involved on it if you do really like for at least having that chance on earning more on what you are trying out to achieve.

jackg

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional

Professional in what? Can you invest directly in that? Most more direct and well managed investments are likely able to make you 10-20% a year if you're in a growing industry or one with a lot of customers.

I think things like value investing might be areas you'd be able to look into too if you're happy to hold investments for a while (they're generally quite profitible as a lot are companies that have higher burdens/risk in the immediate term but can produce a higher income over a longer period of time - they also seem to perform better than 10% on the year but I've only been tracking them for a few years).

sana54210

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

Sounds great for someone being new to crypto and having such confidence because if I had the same confidence years back I would be so rich today that I might never have to work again.

Regarding the APR & APY, I am not great at understanding which token/coin offers the best returns and neither I am a big fan of staking because I have been more into holding than trading or staking. I would highly recommend you to just hold and wait for the market to pump and be careful of APY scams .. there are some ponzis out there luring investors with high returns.

Make sure you control your private keys for the addresses/wallets at all times!

hugeblack

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The current price may be the best opportunity to buy bitcoin at a low price in the next 10 years so there is no alternative but to buy when the price is down but the $22,000 average seems like a good starting point.
Saving does not work in cryptocurrencies, but rather investing because you will need to forget this amount for several years, otherwise you may end up losing your money or being less than the inflation rate.
I do not advise you to invest in many digital currencies, but rather in Bitcoin and keep cash if the price of Bitcoin drops

salad daging

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You have allocated quite a lot to invest in crypto with 20% of your monthly salary, that's a very good placement even the same I have also allocated from my salary to invest in crypto with DCA strategy that I applied, it will be much better for me.

Not only that, there are actually many better and more stable opportunities if you want safe investments, such as bonds, gold, real estate and many others.
But I have never taken an offer from a bank even though with a high APR this is not convincing enough for me but everyone will respond differently to it.

But the important thing is that you have to learn with good management and the risks you face, but if you believe in crypto it's better to focus on bitcoin which is much better than other coins.

mk4

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Quote from: Despairo on August 01, 2022, 09:28:38 AM

I don't think a business can be said as passive even though you've have a managers to run your business, because a new business is hard to survive and need a hardwork that would lead you to think about your business for almost 24 hours/day.

I mean, obviously. You do the initial work to the point that it can run on it's own.

Also, you can buy businesses that are already running and fully functional. Not every "investment" needs to be through an exchange or stock broker.

Quote from: Despairo on August 01, 2022, 09:28:38 AM

I'd say an investment is where you're only need to study and learn at the beginning until you know both risk and reward, so you're no need to worry it everyday.

Then you're specifically talking about asset investments, not investments in general.

virasisog

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20% investment allocation from your investment will be a good start. You're heading on the right path especially if your target will be a long-term investment. You only have to pick good coins and I must say that Bitcoin and Ethereum are perfect choices. Since you know the risks of crypto investment, what you need to do now is to deal with its volatility. Learn everything about how the market moves so you'll know when is the best time to sell and to buy but for now, buying will be a wise move.

jakelyson

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too.

That is already a good start. Not all young professionals can invest 20% of their salary. Most of them spend them all on vices and unnecessary expenses.

When you have enough profit from your bitcoin, maybe you can explore investing in land or buying houses and then rent them out. You will never lose investing in land because it never depreciates. Its value keeps on appreciating as time goes by.

CryptocurencyKing

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

Holding, savings and diversification of income in order to maintain an income source. Its definitely a good idea but, I must say, one of the reasons or in fact, the major reasons why people try to own and increase there bitcoin or crypto portfolio is because its a promising asset. Especially when you invest in bitcoin. If your able to hold, your sure it would yield some good value in the future.
Hence, you actually did invest in an asset.

That's what you should do when thinking of places to put your money. Is it an asset? Does it have a promising value in a few years? And not just to live money in some bank account and be expecting profit on it. Look out for businesses that works in your place study and invest in them. It's way better than savings in the bank.

AbuBhakar

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

That’s a sucks APY offered by the bank you got there. In my country banks offer up to 3% interest per annum but still too small compare pd to DeFi yield offer. Many popular exchange offers 4% to 6% APY using stablecoin. This is the safest path to choose if you are considering passive profit with less volatility risk. The only risk involved on this is the exchange itself which will hold your balance like banks doing on your money.

pawanjain

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

Crypto is just so tempting that our mind makes us invest in crypto whenever we think of an investment.
I have put most of my investment in crypto but also some I have tried to diversify by putting some amount into stocks.
Last year I made a little investment in land just so that I can diversify more and I think gold and bonds are some lucrative investments too.

Rruchi man

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Quote from: feeling sound on August 01, 2022, 02:54:34 AM

Any suggestions that could help change my mind?

The best investment for the now is crypto particularly since you don't have enough income yet to invest in something big that needs a huge capital and you are just starting. Investment in Land and property is another profitable investment but since you can't just yet, stick to crypto (particularly bitcoins) until you have enough money to consider real estate.

Maus0728

legendary

Activity: 1904

Merit: 1563

I am currently an undergrad and is heavily invested in bitcoin and other mainstream NFT that until now I haven't got my investment back, let alone the profits. My savings account(bank), on the other hand, only serves as an emergency fund worth of 3 months, this means that this is liquid and can be withdrawn immediately when things got bad.

Outside the academic stuff, I also do some side projects(e.g., drawing commission,graphics), along with planning an e-commerce niche that runs on advertisement on facebook.

The point is, you can't expect to beat the inflation by simply relying on the APY return from your savings account and you need to find alternative to increase your active and passive income. After which, you can then plan to diversify your asset (which I am planning to do so) with alternative like bonds, real estate/rental properties, ETF's..

Do note that I am DCA'ing BTC while building all those stuff I have said..

Despairo

hero member

Activity: 1064

Merit: 843

Quote from: mk4 on August 01, 2022, 05:34:19 AM

A business. Start and grow a business yourself(or purchase one), then hire managers so the business be somewhat "passive"; without frequently needing your presence for the business to run.

I don't think a business can be said as passive even though you've have a managers to run your business, because a new business is hard to survive and need a hardwork that would lead you to think about your business for almost 24 hours/day.

I'd say an investment is where you're only need to study and learn at the beginning until you know both risk and reward, so you're no need to worry it everyday.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Putting 20% of salary into crypto is not what I would recommend, keep that limited to 10%, if you want to keep all your "investable" money on crypto.

If you are looking to diversify then dividing that into 5% each into crypto and stocks seems like a better option from my view. However this ratio will vary every month. In some months crypto will go up and you will not be buying any, in such months go for bigger numbers on stocks and commodities and vice versa.

As far as crypto is concerned only invest in bitcoin. Do not go for any altcoin as a beginner. For stocks I dont think this is the best place to talk about, you should do your own research for the long term ones and stack those up.

This is more or less what I follow. Crypto buying is once a month while I buy my chosen stocks every few weeks.

crzy

full member

Activity: 2128

Merit: 180

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

It's good for a young professional to think this way and I can really say that you're heading to a good path, all you have to do is to study and analyze the market.
Traditional market are still risky, same thing with cryptomarket and even with Bitcoin there's still a risk. Better to invest your extra money and don't rush things here.
Crypto usually works for more years before you can actually say that its working, there's no easy money here but if you do that consistently, you can succeed on that. Go for crypto, buy only good projects and stick with your strategy.

Franctoshi

hero member

Activity: 966

Merit: 588

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

Diversification of assets makes a whole lot sense as no one can really predict the future. However there are many assets you can diversify into Aside the Bitcoin and ETH , therefore I suggest adding a little Gold and silver as a hedge to inflation equally make sense , Maybe going into investing in real estate depending on the capital that you're able to save. Investing in this areas can actually help someone hedge his funds during this high inflation.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

There are far less risky traditional market assets, like index funds.

Quote from: feeling sound on August 01, 2022, 02:54:34 AM

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

A business. Start and grow a business yourself(or purchase one), then hire managers so the business be somewhat "passive"; without frequently needing your presence for the business to run.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, there's starting to be no better opportunity to buy Bitcoin. Am I saying that it's the bottom of the current bear cycle? It might be. Am I 100% sure about this? No, but it probably is. What you can do is start making your Bitcoin purchases now, and buy every DIP. Unless a Black Swan event, Bitcoin should trade near the 200-week SMA for the coming weeks. If Black Swan event, big opportunity to deploy more of your savings. It's a risk and you shouldn't do it if you support a family/wife/kids.

feeling sound

newbie

Activity: 28

Merit: 9

I'm a young professional, starting working a year ago, and so far I've been placing 20% of my monthly salary into crypto (only crypto).

I understand that it's risky, and would like to save in other ways too. But then whenever I start deciding ...

- savings account offers 0.65% APR, meaning I'd be saving liquidity but also Losing due to inflation.

- traditional markets have less fluctuation but are risky anyway, so may as well stick to BTC and ETH no?

- can't think of any other investment type that yields more than 10% py. Enough to cover inflation.

Any suggestions that could help change my mind?
Or are all you deep into crypto only, like myself ?

Thanks!

Topic: How diversified are you with your investment, crypto aside? (Read 357 times)