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ChewingCope t1_ja9r8pr wrote

I’ve been with crypto since around 2015 December. You should be taking profits ALWAYS especially being up 85%!!! That initial investment should’ve been taken out immediately. It’s not the US stock market where you wait 10 years to get a solid 50% return, or lose 70% overnight. shit moves quick and so should you. Everything else looks okay, big fan of the 5$ daily contributions. I’ve been doing 7$ a day for almost 4 years now into ETH. I have a CD as well locked until February next year and send over whatEvers left from my base pay and expenses. Sometimes it’s 350$ sometimes it’s 1200$. Just depends on the month

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BITTAH1999 t1_ja9ttza wrote

oh trust me, I still hate myself for not pulling ETH out at 5k. I’m honestly not sure how long it’ll take (if ever) for it to reach even near that point again. I guess it was a learning mistake, definitely won’t make it again.

I’m thinking about taking the $700 out of Acorns and putting it into my CD. It’s a much higher rate of return I think (at least for the next 12 months)

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ChewingCope t1_ja9uoft wrote

Lol! I said the same thing when ETH was at 1200 in 2017. It’ll be back. I can only promise you that. I would move to the CD to offset risk assets such as crypto or stocks in that matter. Times are unsure right now, I’m thinking more turmoil is in store. But what do I know.

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Stock-Freedom t1_jaa3ai6 wrote

Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

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