Should I sell my college investment for bitcoin
Should I sell my college investment for bitcoin
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Should I sell my college investment for bitcoin
Hey all, I’ve been holding bitcoin for almost two years now and I still buy on a regular basis.
I have a mutual fund that I did back 8 years ago with my leftover college fund. Around 4 grand has turned into 12. The fund I’m in does around 10% a year historically. I already have another fund with more money in it that is a much more aggressive fund that I don’t want to touch.
Do I cash out the college fund and buy a lump sum of bitcoin or do I put it in my savings and increase my existing DCA amount?
Reddit is a poor source for seeking financial advice. Bitcoin is a risky investment. Don’t invest recklessly. Don’t invest anything you can’t afford to lose. If you are looking to get rich quick, you came to the wrong place. Nobody has a crystal ball. Nobody can see the future. Please do your own research and make your own financial decisions.
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If you think of Crypto as a safety / emergency fund, then here’s an idea. Here’s my 12 month emergency fund
5 months of annual income as savings in bitcoin
2 months of annual income as USD
2 months of income in silver
1 month ot income in gold
1 month in Euro
1 month in Yuan
If you can’t earn interest on the cash, then choose a different liquid asset.
I also have 6 months AUD
You should stay diversified. If you don’t own any real estate, save up cash to buy something when the market downturns and bottoms. Also have a cash as an emergency fund of three to six months of expenses. real estate > mutual fund > btc > high risk fund
there is no second best. if your conviction isn’t there, you haven’t done enough research
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