Satoshi Nakomoto started Bitcoin with an email to some of his peers. From there, Bitcoin got big. These days, most new crypto coins start out with Initial Coin Offerings (ICOs).
This post is taken from a chapter in my latest book, The Crypto Portfolio: a Commonsense Approach to Cryptocurreny Investing. The contents have been modified to fit the format and style of this website.
Disclaimer: ICO investing is extremely risky. This article is for educational purposes only.
This post is an update on how the Crypto VA strategy has performed this month (month 3 out of 6 of the strategy).
So far the portfolio has returned 76.39% (September 1st to 28th November) with less downside volatility than the overall crypto market.
Disclaimer before we go on: Investing in cryptocurrencies is risky. This is not investment advice, it's just what I'm doing. Only invest a very small portion of your investment portfolio in cryptocurrencies. If you have not read the original post relating to this then the below won't make much sense, so please read it before moving on.
In this post, I'll quickly go over:
Last month I started investing in cryptocurrencies using the Crypto Value Averaging Strategy described here. This post is an update on how the strategy is going so far.
The usual disclaimer: investing in cryptocurrencies is super risky. This is not investment advice, it's just what I'm doing. Only invest a very small portion of your investment portfolio in cryptocurrencies. If you have not read the original post relating to this then the below won't make much sense, so please read it before moving on.
Crypto market update: September 2017
Anyone invested in cryptocurrencies during September knows that it wasn't a great month. This was mostly down to:
The crypto market has gone up massively already this year so the price drops of September were a healthy correction in my opinion.
The chart below shows what happened to the price of Bitcoin in EUR over September. The first half of the month was bad but the second half was a lot better!
Bitcoin price in Euros September 2017
Looking back, it would have been great to buy Bitcoin on September 15th. But knowing that Bitcoin would go up after that would have been very difficult.
Starting the strategy on September 1st wasn't ideal, but at least with Value Averaging (VA) I only invested small amounts in each crypto. As you will see in this post, I got some better bargains in October!
In a recent article, I shared my thoughts on Cryptocurrencies as potential long-term investments. In writing that article, I became very interested in them - not just as investments, but also as inventions that could one day improve the global financial system.
After spending the last month aggressively researching the subject, I'm now ready to add a small amount of cryptocurrencies to my investment porfolio. In this article, I explain exactly how I am doing this.
Disclaimer: this article is not investment advice. I'm just explaining what I'm doing. Investing in cryptocurrencies is extremely risky and the market is not yet properly regulated. Please do your own research before making any investment choices. Invest at your own risk!
This article is split into two parts:
I get asked lots of questions about cryptocurrencies lately (street named 'cryptos'), so I thought I'd look into them in more detail.
Disclaimer: I am by no means an expert in cryptocurrencies, but I've done some research and pulled together a summary of what I think they're all about in this post...
Cryptocurrencies are worth looking into as a long-term investment, provided you:
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” - Albert Einstein
This post is taken from chapter two of Stop Saving Start Investing. All rights reserved.
I’m sure you know the story of the tortoise and the hare. The hare sprints ahead of the tortoise in the beginning, before taking a nap under a tree. The slow, plodding, risk managing tortoise eventually takes over the hare and wins the race. The tortoise is patient and knows that the race is long.
When it comes to investing it’s usually the tortoise who gets rich in the end. This is because investing is a long-term game, and ‘get rich quick investments’ based on hunches or ‘expert tips’ often end in disaster.
The tortoise beat the hare because he had the better long-term strategy. Think like the tortoise and you’ll go far with your investments!
Having a basic understanding of financial statements is key for anyone who wants to invest in shares.
All sorts of people analyse financial statements. From small time investors, to Chief Financial Officers (CFO’s) of big businesses.
For investors, a company’s financial statements help determine whether it’s a good or bad investment.
For business owners and CFO’s, financial statements drive their business decisions by showing them where their businesses are succeeding or failing.
I'm a firm believer in the KISS ("Keep It Simple Stupid") acronym, especially when it comes to long-term investing. Below is the over-summarised version of the Fund of Funds (FOF) strategy:
The above strategy works well once it's up and running because it doesn't need ongoing maintenance; you put your faith in the fund managers you believe are the best at what they do, and invest in their funds each month.
That's the easy part. The tricky part is deciding which funds you want to invest in. In this post, I'll cover five questions it's worth asking yourself before choosing funds for your FOF investment portfolio.
I've put together 10 of my favourite investing related quotes. They are in no particular order.
Quote 1. Christopher Browne