2021-06-29 01:40:05
It’s a great time to pick up ALTs. The ALTs I recommend to VIP are not short term, pump and exit kind of ALTs. They are like my calls for BTC here where most people won’t understand in the short term why I make such calls, and eventually thank me in the big picture when it all plays out.
U won’t see me recommending today and it pump tomorrow. I always believe if u want to maintain long term wealth, your action, focus, strategy, portfolio and mentality must align with what you want, Long Term.
The ALTs are recommended because of their strong fundamentals and backings with very high potential upside. But u must be patient. The risk is high, that’s why your ALTs portfolio must be widely diversified.
In fact, I recommend your ALTs to be about 20% of your portfolio. Maximum 50%. U must always have at least half your portfolio in BTC. My ALTs portfolio is roughly about 25%.
With a range of 20% - 50% allocation for ALTs, this will give u leeway to adjust and balance your portfolio every now and then irregardless of movement and direction. If ALTs are dramatically outperforming BTC, u can keep
selling your ALTs on strength into BTC to balance back into your 20-50% rule.
If ALTs get slaughtered, u can use your BTC to accumulate ALTs which is what I have been doing. This way your portfolio
grows at a gradual rate while u minimize the risk of having too much ALTs where your portfolio get slaughtered during a ALT bloodbath.
I am emotionally unattached to the price of ALTs because I already have a strategy in place. If it goes up, I sell into BTC to balance out. If it goes down, I use my BTC to accumulate more of what I like. In fact my portfolio is generating me yield while im sleeping and living life.
That’s why with a strategy in place, u will become emotionally unattached instead of becoming a compulsive gambler hoping it goes up or down. Once u are hoping for a single direction, u are actually gambling. And guess what? Gamblers always lose.
Set a strategy in place, implement proper portfolio management, and u will achieve great wealth while others gamble and lose.
- Cicero
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