My #1 Financial Goal for 2018: A Diversified Portfolio!

louisthomas (75)in #cryptocurrency • 6 years ago

In this video, I wanted to share what my #1 financial goal is for 2018.

You can pretty much sum it up in two words - diversified portfolio!

#bitcoin #ethereum #investing #life

6 years ago in #cryptocurrency by louisthomas (75)

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maple-thunder (53) 6 years ago

Like you I'm entirely in crypto and was hoping to diversify into other investments this year. My biggest hurdle is that I don't know much about the stock market, or investments in general, and just figuring out where to start looking and what to start reading is daunting.

I hope you make a few videos on your journey learning about the stock market or other investment means (even if it would be different depending on the country) so we can help out or learn along with you.

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louisthomas (75) 6 years ago

Will do! Would highly recommend reading "The Intelligent Investor" if you haven't already :)

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ohhhhh (8) 6 years ago

Anyone we help the poor also is very poor by voting, please give us vote thanks

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kevaton (48) 6 years ago

Great proposal!
A Goal written down and followed up with a plan is sure to have success.
Thanks @louisthomas

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cryptogardeners (30) 6 years ago

Nice call on the stock market crash! A lot of good points you make here, especially the one about having some cash on hand to take advantage of unforeseen opportunities.

About a year ago we moved all our money from stocks to crypto, and current financial breakdown looks like this:

90% crypto, fairly well diversified
5% Acorns
5% cash on hand

We definitely should have sold more coins in Dec/Jan or converted to Tether, but we got caught somewhere between being noobies and holders and couldn't pull the trigger. If the cycle continues at the end of 2018, hopefully we can put this experience to use.

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louisthomas (75) 6 years ago

I recorded this video literally hours before news broke out of the crash in the stock market.

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drumsta (54) 6 years ago

Good points you should always diversify, but that won't make sense if everything is going down. I've just finished writing a post about why I think Bitcoin will go as low as 3000$ and dragging the whole market with it. Check it out, I would like to hear your opinion.

https://steemit.com/bitcoin/@drumsta/ta-is-bitcoin-falling-to-3000usd

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procrastilearner (61) 6 years ago

Your HODL timeline should be years, not months or weeks.
Dollar cost averaging is your friend.
Patience is your other friend.
DO not invest what you cannot afford to lose. The market may go to zero. No one knows.
Choose a basket of likely winners and stay the course. Which are likely winners? Tough question and there are a lot of opinions.