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P/L Question please - Beginner Here
Bears and bulls fighting hard this morning 😤
Results from week of 8/20:
Regular acct:
Both are being slammed. To be honest crypto has made many people fortunes and lost many people fortunes. The same goes for the market. At the end of the day decide what kind of investing style you want. If you want hands off you can invest in an ETF, index, or mutual for stock. For crypto you can invest in the larger more mainstream coins. If you want to pick a single stock then you’ll need to do some more research unless you are going with a reliable blue chip stock but the same goes for crypto. Pick which style you want whether it be more hands on or off then invest.
Personally, I started with the hands on approach and then slowly mixed my portfolio to include safe bets and risky bets. At the end of the day you want to look at your safe bets as investments for longer than 5 to 10 years if not longer and your risky as short term.
Solid advice. My appetite for risk is above medium and I’m happy doing hands on especially if it means higher returns on average vs hands off. Considering doing a 3k crypto/2k stock split just still in research phase so wanted a sounding board for specific picks and the reasoning behind it.
SPY
Reasoning?
It’s a buying opportunity across the asset classes. Be careful what you buy into though. Not all crypto is equal so dyor. Personally I trade crypto not invest.
Trade crypto as in arbitrage or for what benefit?
Enthusiast
Bitcoin. In 10 years you will thank yourself.
I agree but looking for something with higher upside potential like up and coming coins that have more room to grow as I feel bitcoin will continue to grow but has appreciated much of its core value.
Buy 1 Eth and 1 share of Google for about 5k tota
Invest in Bitcoin and ETH.. or by mining stocks like Torex gold.. seeing my portfolio makes me happy every time