Hey there, thanks for stopping by on MyFinancialShape, the blog where I document the journey of our family of four towards Financial Independence by 2024.
In this blogpost I want to give you an update on my Crypto Portfolio Performance. Back in May 2021, I started accumulating positions in
I have linked to the bullet points above articles resp. webstites on these Cryptos to provide some background information on their their applications, practical use, investment case etc.
Currently, I have roughly USD 4’000 invested in these four Crypto Positions.
If you put that amount into context to our other investments, it represents a small percentage.
- Our Dividend Stock Portfolio plus Tech Portfolio have currently a market value of around USD 450’000.
- Our Peer to Peer Lending Positons make up for around USD 15’0000 and
- we have roughly USD 35’000 invested into corporate bonds.
So, our Crypto Portfolio represents less than 1 % of our invested capital (the equivalent of around half a million USD).
As of writing this blogpost, my Crypto Portfolio shows a book gain of around USD 120 resp. + 3 %.
From May to August, my Crypto Portfolio has fluctuated a lot:
- In July, I was sitting on a book loss of roughly 23 % or USD 700.
- In June, there was a book loss of around 12.5 % or USD 500.
- And back in May, there was a book gain of around 12.5 % resp. USD 500.
So, Cryptos are hugely volatile and there is a significant speculative element inherently given, when taking a stake in that kind of asset. On the other hand, Bitcoin, Ethereum, Cardano and Ripple are connected with important applications which have huge potential to completely transform our economy and the way we interact.
I’ll keep you updated on how my new crypto investment portfolio has developed and how the positions have performed since they have been acquired.
What about you? Are you invested in Cryptos as well? Have you made any moves lately?
Thanks for sharing in the commentary section below.
Disclaimer
You are responsible for your own investment and financial decisions. This article is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
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