/biz/ - Business & Finance

>>22047929
Well I will admit I did get lucky in some sense (and I'll expand more on it in my next reply) but my father passed away in April unfortunately, but this turned out to be a pretty good financial blessing for me in the short term. He left me 25k in his insurance policy (and 12.5k went to some woman he was sleeping with. I love my dad still but that's a bit insulting to me. Sorry for blog.) so I was able to pay off the debts I had, build some savings, then add 15k to my portfolio. 18k is where I was I think right before all my holdings went up. Prior I think I had more like 6k or something but had some dips. And when that was the case, I was playing a little riskier because the amount was low so I didn't mind losing it. I think I only was in PNK, FTM, LINK, and MCO was my largest holding for the card. Which I think is still pretty diverse for the amount, but when it comes to these low caps, a suicide stack for pnk and ftm was under a grand. All things considered? Not that much even on my salary. I knew if I just kept adding money to things, then eventually I would have more money. I think the investing side of the Internet praises degenerate gamblers and a lot of people get JUSTED because they saw someone made a million on tesla calls or antshares. How many people do you think got absolutely JUSTED by antshares and tesla vs made it? So I think a good philosophy is always to understand nobody ever went broke by making not as much money.

>>22050679
Technically? December of 2018. But I didn't start really turning a profit until this year. I had some expensive lessons to learn what I outlined above. I speculated on biotechs, fucked with margin, and got too emotional. I also didn't buy link when it was cheap. Now I know that patience is a virtue and risk management is extremely important. It's why I want to rebalance my portfolio because i don't want to watch a 50k crypto folio turn back into 6k

We are all gonna make it bros.

>>21983176
Currently 95 percent crypto, 5 percent stocks. In my stocks i am going to try and maintain an even split of gdx, GDXJ, and SILJ. Want to get that ratio to 80/20

>>21712086
I have 75k of student loans, 41k in crypto, and 3k in miners, plus 6k or so in fiat.

Am I gonna make it?

>>21642949
I can't really afford to jump into precious metals. I did put my dad's inheritance money into crypto though and watched it grow from 18k up to now 45k. But i think I wanna start diversifying a bit more into precious metals. Is stacking silj and gdxj a good move for now? Will it do well if the market and dollar collapse? I fell for the "don't accumulate precious metals unless you have your student loans paid off and plenty of other assets" meme.