This is the follow up to yesterday’s Private Blog post concerning macro-market and geopolitical implications.
Today we get into cryptocurrencies and what I’m looking at and why I think these particular coins are worth your time.
To read the new post click here.
To get access to both of these posts, which are for Newsletter Subscribers only since they discuss explicitly picks contained in the Gold Goats ‘n Guns Newsletter, sign up with Patreon. for $12/month.
Can you speak to allocations, account management?
As a non-CFA I really can’t do that except in the most general terms. These are all highly risky propositions so how much of your wealth you should put into them is strictly up to you. In general, with penny stocks, you wouldn’t risk more than you would be comfortable taking to a poker game or a night at a Vegas Casino.
You have to consider the possibility that the business will fail into your thinking. How risk averse are you? Once you determine that, it’s simply a matter of deciding what to do. In terms of speculations like these, I tend to favor taking similarly-sized tranches as initial positions and letting them do what they are going to do. Selling the once whose management doesn’t follow through and keeping the ones that do.
What I can do is identify when good accumulation opportunities arise.
There’s a lot to keep track of, like any investment and at this point in time, valuations on these projects are hard to determine.
However, as a general rule having more than 5% of your wealth in something like this would be considered a high-risk position.
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