Gyroscopic Investing

Smith1776 wrote: ↑Wed Nov 06, 2024 7:46 pm Hey all.

So, at least for now, my investment journey has come full circle. I'm officially a Bitcoin Maximalist (Maxi). I've gone down a rabbit hole starting about a year ago till now.

I will likely be switching back to more of a PP or risk parity type of investment approach once I've finished accumulation, but for now it's risk on. Maybe it's a mistake, maybe it's not. But my current portfolio is as follows:

20% Cash
40% MicroStrategy
40% Bitcoin

Feel free to fire away with criticisms if you feel you must. At least I can take pride in being honest.

yankees60 wrote: ↑Thu Nov 07, 2024 7:21 am What happened to the All Terrain Portfolio??!!! Wasn't there supposed to be a book on the way supporting it??!!

dualstow wrote: ↑Fri Nov 08, 2024 8:30 am When is the coming out party?

Smith1776 wrote: ↑Wed Nov 06, 2024 7:46 pm Feel free to fire away with criticisms if you feel you must. At least I can take pride in being honest.

Smith1776 wrote: ↑Fri Nov 08, 2024 4:33 pm Yeah, I'm still all for highly diversified investing, but I think that type of portfolio is best for the decumulation stage of one's investing lifetime. I'm just not quite there yet. For now it's pedal to the metal.

Harry Browne wrote:

1. Build your wealth upon your career.
2. Don't assume you can replace your wealth.

Harry Browne wrote:You're violating Rule #2 any time you think it's okay to go for broke with the savings you're counting on for the future - or when you treat your wealth with anything other than the utmost respect.
Protecting what you have requires setting up an investment program whose first priority is to preserve what you've worked for - making sure you don't take chances with the part of your wealth that's precious to you.

Smith1776 wrote: ↑Fri Nov 08, 2024 4:33 pm

yankees60 wrote: ↑Thu Nov 07, 2024 7:21 am What happened to the All Terrain Portfolio??!!! Wasn't there supposed to be a book on the way supporting it??!!

Yeah, I'm still all for highly diversified investing, but I think that type of portfolio is best for the decumulation stage of one's investing lifetime. I'm just not quite there yet. For now it's pedal to the metal.

JackJones wrote: You get wealthy by compounding over the years.

yankees60 wrote: ↑Sat Nov 09, 2024 8:04 am Is your 10 list in your signature original to you or from somewhere else?

Smith1776 wrote: ↑Tue Nov 12, 2024 4:41 pm My buy price for MSTR: $252 USD
My buy price for Bitcoin: $67k USD

I am currently up ~$95k CAD on my principle after just a few weeks in this position.

I know volatility cuts both ways.. but wowza. O_o

I Shrugged wrote: ↑Tue Nov 12, 2024 4:53 pm

Smith1776 wrote: ↑Tue Nov 12, 2024 4:41 pm My buy price for MSTR: $252 USD
My buy price for Bitcoin: $67k USD

I am currently up ~$95k CAD on my principle after just a few weeks in this position.

I know volatility cuts both ways.. but wowza. O_o

Is it money that you can’t afford to lose? (Channeling Harry)

dualstow wrote: ↑Tue Nov 12, 2024 6:24 pm Dude. What are you doing? You bought a house, that’s cool. All you need to do is buy a stock index and you’ll be set for life. And just contribute some of your salary regularly.

I don’t want to read about you having to mortgage your home.

Jack Jones wrote: ↑Thu Nov 21, 2024 11:56 am Last cycle we saw a 75% drawdown. Are you going to try to avoid the next one in some way or just HODL through it all?