Consolidating my investments
Following on from my previous post I closed a number of other positions this morning. My portfolio is split into two pots:
- Long term holds - these are the largest and most stable coins, which I believe are secure long term investments.
- Trading account - these are where I take small, risk/reward based positions on upcoming coins.
My trading account has seen the most significant % growth this last month, with all but one coin in profit. As I mentioned in my previous post, I am cautious though. While I research all my investments, the amount of research is dependent upon the size of the investment. If I was to invest £100, I would happily spend 10 minutes looking on their website, Twitter and Reddit. If it was £1,000, it may be a couple of hours.
This morning I reviewed a number of my altcoins and closed my positions on six of them. I am happy with the margin, can't see too much more upswing and want to consolidate my investments in those I believe in the most.
I believe some of these could now be overpriced and while the upswing has been good and there is the potential for more, I prefer the stability of my hold account.
As such, I closed the following positions this morning and flipped them all into Ethereum:
- Dodgecoin +198%
- Digitbyte +84%
- Navcoin +34%
- Stellar +1,105%
- Peercoin +88%
- Namecoin +100%
I am currently watching the following closely and may also close these depending on what happens this week:
My position is unchanged with the following, these are all medium to long term holds:
If you have any questions then please give me a shout.