S11: Portfolio creation/review

INTRODUCTION

by now you should know that a major event in the lifecycle of cryptocurrency is approximately less than 15 months away, Believe me, there is no better time to start your portfolio journey than now!

and if you have your portfolio already, but it has not been healthy, this is a good time to review it and make sure you take proper measures to safeguard, track & maintain it.

the major event i talk about is bitcoin halving, bitcoin halving is speculated to be March 24 as against May 4 as more hand participate and consolidation their positions on bitcoin, it is possible that bitcoin stabilizes around $32,000 after halving to see a record breaking price of $100,000 in 2025.

To build a 10x portfolio in 2years, while you take profit in between. the time to start is Now!

Bitcoin Halving is a mechanism that is designed to minimise inflation and provide a deflationary system to bitcoin. it happens every four years or every 210,000 blocks, it works by cutting the number of bitcoin rewards to miners to half, which decreases the number of bitcoin overtime

Bitcoin Halving will spark another major bull rally because 840,000 blocks will be mined and that translate to 96.875% of all the BTCs. and miners will begin to receive 3.124 bitcoins as reward.

It can spark the price of bitcoin to go all up about at least 2 times the last all time high which is about at least 6 times the present price of bitcoin.

if you dont have a reason to create a portfolio, now you have a reason, know that you have the chances of making 6000 naira from every 1000 naira at the peak of the next bull run. which is just about 18 to 24 months from now.

WHAT IS PORTFOLIO

A portfolio is a collection of something. and when it comes to the money market where you make important investment or trade decisions

A portfolio is a collections of the financial investments like stocks, bonds, commodities, cash, and cash equivalents. or crypto

A portfolio is an important financial skill for active investment

a crypto portfolio is the set of cryptocurrency that you have considered investment.

WHAT DO YOU NEED TO BEGIN YOUR PORTFOLIO JOURNEY

you should have asked yourself what do I need to get started with my portfolio, I will give you 6 steps to get started with your portfolio journey

1. have a reason, set a goal, and give it a name

2. know the kind of investor you are

3. Know the kind of crypto you are buying into

4. setup the necessary tools

5. adopt an investment strategy

6. Review your portfolio

GIVE YOUR PORFOLIO A NAME

Give your portfolio a name after you have set a clear objective or goal for it.

Nobody ever loses money by taking profit, even if it is 10%

KNOW THE KIND OF INVESTOR YOU ARE

how do you know the kind of investor you are

1. know what you make monthly

2. know how much you can spare

3. know how many hours/day, how many days/week you have to dedicate to the progress of your goal

4. know the kind of risk you can take

SET UP THE NECESSARY TOOLS

• have a non-custodian wallet, set it up, secure it & store your information properly

• Have an exchange platform, that you trust & make sure you abide by their policy, it is better to not have your account deactivated when you have money in it than trying to resolve a deactivated account.

• make sure you have your cash already in stable coins like usdt or btc, so when the market present an opportunity, you don't loss out to the delays of trying to buy usdt with cash

• Join a community where you can stay ahead with information that can impact your portfolio positively or negatively

• setup a tracker, that helps you track your progress, current situation and capital against your goal and get notified accordingly.

KNOW THE KIND OF CRYPTO YOU ARE BUYING

if the first thing you do is to lie to yourself, then what do you expect to make from the fluck portfolio you have

make sure you set clear goals,

1. and don't put yourself in a tight situation where you have to sell at loss.

2. adopt financial fitness: i.e check how much you make against how much you spend, so that you can know how much you have left for investment. another method is to define an amount from

DO DUE DILIGENCE

before you add crypto to your portfolio, do due diligence, a basic framework to do due diligence is

1. how recent is the crypto, the more recent the higher the risk

2. who is behind a project, who are the guys behind a project, what is their capacity, can they deliver their objective?

3. how strong and engaging in their community

4. how is their tokenomics like?

Because of what I've learned about them, this cryptocurrency falls into class x of my asset allocation, and I'll invest x amount in it for this long or until the price reaches x.

ADOPT AN INVESTMENT STRATEGY

portfolio asset allocation

adopt an asset allocation that marches your goal

for my kind of person, my asset allocation in cryptocurrency is

30% security asset 55% middle asset and 15% high risk

it means I classify asset allocation into 3

1. security asset: we call them the OGs, they have stayed in the space for more than 3 years, that have high market cap, and solid community, they have low chances of crashing. this kind of asset is expected to do at least 2x to 4x return

2. middle asset: they come in new trends, they have good team, good backing, very communicative and also engaging community, and very transparent with their business model.

3. high risk: it falls in the category of the meme token, you know them by the noise around them, marketing model, and referral models. they are high risk

Investment Strategy

An investment strategy is very important, this is more like a way you have adopted to continuously put money into your portfolio to increase your position until your goal is achieved. There are ways to do that; some are

1. Dollar Cost Average

2. Value averaging

3. Micro investing

4. Macro Investing

5. Hodl

i adopt a DCA/VA investment strategy where I buy a fixed amount of my choice of crypto every month, but I also save toward a potential market opportunity where crypto drops in price so much that I then use the savings to value average at that point.

REVIEW YOUR PORTFOLIO

to review your portfolio, you have to perform

1. a wellness check: you need to know if you are making progress on your goal, so you have to check and know if it is to put more into particular crypto or cut spending to get yourself back on track

2. Assess your asset allocation: asset allocation means how your money is divided up among different types of assets, and make adjustments based on trends and market movement.

3. check or make a reserve fund: make plans for saving for emergencies, so that you do not have to sell your asset at loss to cover unforeseen circumstances

4. consider what is happening around you such as inflation, e.g. inflation & election became an issue for investors in 2022, because it can mess up a carefully planned portfolio

5. Consider each investment: after you have looked at your portfolio broadly, it is time to drill down. look at how the crypto you have invested in is performing, make a hard decision to sell off an underperforming asset that doesn't have the prospect of doing well again, and reassign the loss cash to a new prospective asset.

TREND TO LOOK OUT FOR RIGHT NOW

there are basic trends to look out for in this recent times that can help you earn smarter on your investment and the latest of it is LSD

LSD is liquid staking derivatives is a staked Ethereum that is used to support the blockchain operations while you earn reward on it. some LSD platform offers 13% yield interest and much.

how does it really work?

so after ethereum migrated to Proof of Stake (PoS), it stop using miners and now work by staking 32 ETH as validators on the Ethereum Network, this drives scarcity, and trigger an increase rally movement in the price of ETH.

now, platform like lido, now offer staking models, that let you stake your ETH with them and take reward on it. they inturn support the blockchain operation of Ethereum Network with the staked ETH and gain profit from validating transactions. the least return on staked ETH is 5%,

CONCLUSION

Ladies and gentlemen, as we conclude this series of Breakfast with Blockchain Portfolio Review" sections, I want to take a moment to express my gratitude for your participation and engagement. We started this community with the goal of providing a platform for you to learn about cryptocurrency and blockchain, share your knowledge and experiences, and grow your portfolios. I am proud to say that we are on track.

I am inspired by the level of engagement from you. Your questions, feedback, and participation have helped to shape the direction and focus of our community. We have learned from each other, shared valuable information, and helped each other grow our portfolios.

I also want to remind you that the journey to building a successful portfolio is not an easy one, but with the right mindset, knowledge, and community, it is certainly achievable. I encourage everyone to continue to be active members of our community and to take advantage of the resources and opportunities that we offer.

As we move forward, let us continue to support each other, share our knowledge and experiences, and build our portfolios together. Thank you for your time and participation, and I look forward to seeing you at our series. Enjoy your weekend