- November 9, 2023
- Posted by: legaleseblogger
- Category: Related News
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Reevaluating Portfolio Allocation: Considering Adding Cryptocurrencies
As I am in the midst of constructing my investment portfolio, I have been presented with the temptation of delving into the realm of cryptocurrencies. Despite their appealingly affordable prices as of late, I have remained steadfast in my commitment to investing solely in ETFs.
However, I am now considering adjusting my portfolio to allocate 90% of my investments to ETFs and 10% to cryptocurrencies. I am eager to seek advice and opinions on this proposed change. Do you believe this adjustment is reasonable, and do you have any specific recommendations for cryptocurrencies that I should consider purchasing?
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****** just grabbed a
I wouldn’t have crypto at all in my portfolio, but something like a 5% of “play money” would be ok.
Cryptocurrencies shot up the previous days. It is now time to rebalance and sell back down to your desired target percentage.
When I held crypto, I only owned btc, no need for anything else. Held it on a Trezor. My exposure was however smaller, never more than 5%.
It all comes down to your personal risk tolerance. All cryptos (yes, all) are high risk, so you need to be willing to part ways with the money you allocate to cryoptos.
I personally went with a 100% ETF – 0% crypto split.
Depends whether you could afford that 10% to seriously drop in value.
Crypto is very volatile, and with the current increase in prices it’s everyone’s guess whether there will be a bit of a hype (including the upcoming “halvening”) causing the prices to further rise, or whether this was a short lived spike which is followed by a steep drop.
Personally, I’d rather put that 10% in a pure tech ETF (slightly higher risk for hopefully slightly higher reward) but then again, I’m rather risk averse when it comes to investments.
A lot of crytocurrencies are highly correlated in price with bitcoin, in spite of their selling story claiming to have some unique features. The ones that aren’t highly correlated often tend to be even riskier meme stocks or very new launches which are again extremely high risk… So as far as crypto goes, I can fully understand [**alattomosnyulporkolt**](https://www.reddit.com/user/alattomosnyulporkolt/) ‘s comment
Crypto (bitcoin and maybe ethereum, not the other 100% speculative coins) could be 1% of your portfolio, maybe along another 1% of gold or commodities in general. There is some value there in inflation protection and as a diversifier in general.
However, there are a lot of obstacles to overcome. You need a reliable and cheap way to hold them. You complicate your tax filling. You need to rebalance often due to large price swings, adding more to costs. In general, it is usually not worth it, but I guess it’s fine with a small allocation to combat the FOMO.