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These are all great & important questions, and deserve a thoughtful response.
This is a topic I am very passionate about, and I'm planning to release some pretty comprehensive content on in the next few months... so stay tuned.
For now though, a quick thread to respond
. . . https://twitter.com/KrlMrl30/status/1304400581809774593
This is a topic I am very passionate about, and I'm planning to release some pretty comprehensive content on in the next few months... so stay tuned.
For now though, a quick thread to respond
. . . https://twitter.com/KrlMrl30/status/1304400581809774593
When constructing your investment/asset portfolio, you FIRST need to define your time horizon and risk tolerance, the two are linked.
Generally, the longer your time horizon (i.e., you are young, or won't need the money for a while) the more risk you can take on.
Generally, the longer your time horizon (i.e., you are young, or won't need the money for a while) the more risk you can take on.
The more risk you can take on, the more of your portfolio you can allocate to crypto - which is definitely on the riskier side as an asset class.
That said right now, imo it's risky NOT to have (at least some) crypto.. especially with the current, unprecedented brrr from the Fed
That said right now, imo it's risky NOT to have (at least some) crypto.. especially with the current, unprecedented brrr from the Fed
The optimal allocation for a crypto portfolio will vary from person to person, but if you are just getting started and have a decently long time horizon and moderate risk-tolerance, here is what I would recommend:
30% stablecoins (Make sure you hold them in Celsius to earn great interest!)
30-40% Bitcoin (same!)
10-20% Large cap altcoins (ETH, Chainlink the best)
10-20% Discretionary (small caps, like $CEL!)
30-40% Bitcoin (same!)
10-20% Large cap altcoins (ETH, Chainlink the best)
10-20% Discretionary (small caps, like $CEL!)
The stablecoin bucket is very important.
Crypto is volatile. You always want to have some dry powder available to take advantage of dip buying opportunities.
Cash on hand will pay off and helps you remain cool and collected during panic - and in the meantime earn great rates.
Crypto is volatile. You always want to have some dry powder available to take advantage of dip buying opportunities.
Cash on hand will pay off and helps you remain cool and collected during panic - and in the meantime earn great rates.
The Large cap and Discretionary buckets however, are optional.
If you have a lower risk tolerance you can eliminate those two and go something like 30% stablecoins - 70% BTC. Or even higher into stablecoins, say 50-50.
Nothing wrong with that. Keep earning that great APY!
If you have a lower risk tolerance you can eliminate those two and go something like 30% stablecoins - 70% BTC. Or even higher into stablecoins, say 50-50.
Nothing wrong with that. Keep earning that great APY!
Now to address the next question - how do you get to $12K in earned interest passive income?
The answer is actually straightforward - little by little.
Start by adhering to a strict savings routine. And implement the time-tested Principles of Financial Literacy in your life.
The answer is actually straightforward - little by little.
Start by adhering to a strict savings routine. And implement the time-tested Principles of Financial Literacy in your life.
Every paycheck, take some out and allocate it according to your plan.
Start keeping a budget and gain control of your expenditures.
Shift your mindset to low-time-preference, if an expense is not "necessary", is it really worth the 8%+ returns it could make as a stablecoin?
Start keeping a budget and gain control of your expenditures.
Shift your mindset to low-time-preference, if an expense is not "necessary", is it really worth the 8%+ returns it could make as a stablecoin?
Keep your money in Celsius so that your interest automatically compounds each week. It will add up quickly.
Take the time to learn about security. This is paramount in crypto. Some people do everything else right, but then share their private key and end up with nothing.
Take the time to learn about security. This is paramount in crypto. Some people do everything else right, but then share their private key and end up with nothing.
And Lastly - CONTINUE to learn everyday and keep an open mind. This is how you find the investment opportunities that, in this space, can change your life completely. This is how I found Celsius.
Since you are on here engaging, I know you are well on your way :) Cheers.
Since you are on here engaging, I know you are well on your way :) Cheers.
