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Investing more during the China triggered crypto crash
By Finance Smiths  •  June 23, 2021
China ordered its major FIs to stop facilitating digital currency transactions and it triggered a crash in the crypto markets. My response has been to dollar cost average down my crypto positions in Ethereum, Bitcoin, Binance Coin, Matic and Cardano. I’m still making losses on my crypto portfolio as a whole but I will continue to invest in it if prices keep sliding. Its value is still less than 5% of my total investment portfolio and I view it as a separate asset class. Just like any other asset class, a good time to invest is when its market is crashing. This is what I did with the equities portion of my investment portfolio last year during the Mar 2020 Covid market crash and it has paid off so far. However, I have to admit I was taking bigger positions with the stocks and ETFs then. Just because equities is a more mature asset class that...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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