Quick Portfolio Allocation Reminder from IA (Patreon)
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Hi Team
My video today was by popular request but pls do not strive for a retirement goal with all your eggs in one basket.
SOL has a lot of upside but it also has way more risk than ETH and BTC.
In the last bull run my ETH 25xd ($200 avg cost to near $5K) in terms of price while my BTC went from 7.6xd (9K to 69K). I do believe SOL if it survives will far outperform ETH this cycle. That is the gambit.
Hence currently I am 80% BTC, 15% ETH and 5% SOL. I expect by late 2024 my ETH and SOL bags to be equivalent. But I could be wrong.
It is important to diversify one's investment portfolio across a range of assets in order to mitigate risk.
A prudent approach is to maintain a diverse basket of assets, as the pace of technological change is rapid and the future of certain industries, such as cryptocurrency, may be subject to disruptive forces that could alter the investment landscape. As such, investors should remain vigilant and remain adaptable in their investment strategies - i call this "keep your tap dancing shoes on at all times"
FINAL NOTE FOR CRYPTO - FUNDAMENTALS DO NOT MATTER AS MUCH AS I WOULD LIKE