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RE: Steemit Monday Musings... Change is in the Air!
Hi! I'm from Sydney and have been trading crypto for about 5 months, and recently powered up about 600 Steem after almost x100 in that 5 months.
As someone who's just 17, what do you suggest I invest in after I cash some out from crypto? Or do you just suggest 100% in cryptos?
Hey mate. Good to see another Sydneysider trading crypto 😎 and most importantly, one who believes in STEEM enough to put his money where his mouth is. Greet to see!
I obviously can’t give you exact investment advice, but you can’t go wrong always taking profits. This is why Steemit and its author/curation rewards are so good. You can hold your investment steady and still withdraw profits on top of that. Even if you’re fully invested in crypto, maybe allocate a portion of your portfolio to trading? As long as you manage your risk properly and are disciplined in keeping to your stop loss levels, it’s very different to classic buy and hold.
As for other assets to invest in, that’s really up to you. Sydney property isn’t exactly accessible for anyone your age, but is that some sort of goal you have? We all need to live and paying rent is never fun.
Property is an eventual goal but perhaps not yet haha
Thanks for your feedback!