Trying to figure out this tale is one of the most difficult decisions you can ever have one of the first things to do is diversify, be in many things not just one, doing it this way can help you hedge any losses in your portfolio, here are some of the percentages I use when I invest but I have recently moved some out of Gold to Bit Coin, just because there's More potential there. So what are your percentages ? First, I like to have a strong cash position just because if you have an emergency you can always draw on that and very easy to liquidate, so that would be number one @ 40% Second, my new best friend Bit Coin, Etherium, Bit Coin Cash, Lite Coin, as I suggested at the begging I have moved several onces of Gold over to crypto Gold is great but very stagnate as of late and its tied to the dollar which make big moves impossible about @ 30% Thirdly, Platinum, its a great value right now and has allot of room to grow so its my number one PM. So @ 20% Fourth is going to be Gold 10%
It’s always good to have a $5,000 emergency fund. A lot of people didn’t have that, which is why COVID-19 hit people hard financially. You don’t have any stocks though? Not even mutual funds or anything? The stock market is down today, good day to buy some stocks. Even if you don’t know much about it, just pickup some mutual funds that will likely go up in value within the next few years.
ROTH, stock splits, index mutual fund and, dividend reinvesting have been my best longterm money making friends.
I think he bailed from the market back in early March. https://www.cointalk.com/threads/i-fired-my-stock-broker-today.376812/
Totally on board with all the above. However, the stock splits, although an awesome bonus each time they happen, is nothing we can plan for. I've been in on the last two AAPL splits. They've taken my per share cost down to $15/shr. I've been a happy camper My investment strategy has migrated to income/growth, in my senior years, from primarily growth when I was younger. I do wish I was more weighted to this I/G philosophy from a younger age. Still reaping the benefits of long term, consistent, never leaving the market, investing from a very young age. Both of my kids are benefiting from dad's investing experience themselves. They both have taught their spouses about the above strategies and the incredible success you can get from the magic of compounding. The thought of totally leaving the market says everything I need to know about accepting someone's investment advice. The same with 'having to' buy a new car because of a minor scratch on a bumper, on a car with very low mileage.
Very well written and continued good investing to you. I worked in IT for many years and bought many IT stocks cheap:Apple, Microsoft, etc. One AAPL split was 7-1 I still own aapl,msft,intc,amd, and others. I'm doing OK investment income wise but I could have reconfigured my portfolio to yield more income.
In mpcusa's original post I assumed when he posted his 40%, 30% 20% & 10% thing that meant all of his investing resources. . . In another thread mpcusa states he's still in the market. https://www.cointalk.com/threads/so...purchase-bitcoins.225459/page-90#post-7441569
I dont have a dog in the fight. I'll offer a good luck with your plan. I know an oriental money manager that sold all his stock last month or so and urged his clients to do the same.
of course I am, my stocks have done very well, so I am not putting any money in at the moment so they weren’t included here, and for the record only changed my advisor still at Merril Lynch for any and all interested parties...LOL
Everybody has there own way of looking at the market and investing, for me it’s long term especially with things like BTC and always add on the dip
Some of us assumed your 40%, 30% 20% & 10% statement was describing the contents of your investment portfolio. Based on your other writings I should have known better.
Howdy folks, We need to separate investment portfolio allocations from wealth allocations. The elder Baron Rothschild once said that to protect your wealth against WTF ever, you should have 1/3 of your wealth in securities, 1/3 in real estate and 1/3 in rare art. Note that securities include anything paper - cash, stocks, bonds, pension, social security, etc. Real estate is obvious, but rare art can be a lot of things. It ain't Beanie Babies, but in my mind, does include rare coins, bullion, Bitcoin, and real collectibles. Run your numbers, but be prepared to blow chunks. I did. Been years now and I'm still working at it. As for physical bullion, I've always said that everyone should have 5-10% as a core investment. More than this is speculation, which is fine, but a different play. I think it's safe to say, that a portion of this can be in bitcoin, if you so choose. feh. I bought some COIN. and so it goes, peace and keep wearing the damn mask, rono
Outside of Deferred Comp and 401k, I maybe have 50% in land/rentals, 35% in stocks, 9% cash, and 5% pm. I am not sure since I normally do not create a balance sheet to track. Cash is a little high but am looking at some home renovations, and am not actively putting more cash in stocks right now after tax. I would not mind buying PT but cannot find any with reasonable premiums. This ignores of course my coins, which are my hobby money I do not sell. Man, I should have invested more in copper romex. I bought maybe 8 rolls, (when I talk of a roll, I mean a regular roll of 250', I do not understand smaller rolls), when it was reasonable 4 years ago. I think around $60 for 12/2 and $35 for 14/2. Good gosh, have you seen the prices? Home Depot wants $227 for a roll of 12/2 today. Good thing I stocked up for any wiring I need to run before.
