Proceeds from today's sales into SBD.
http://i.imgur.com/wPPpGNb.jpg
http://i.imgur.com/wPPpGNb.jpg
I know it's early, and we'll get strength to sell into, but a 10% portfolio hedge is not excessive by any means. I might miss out on some profits, but capital preservation is one of my highest priorities. Like they say, I'd rather be out wishing I was in, than in wishing I was out.
Now, let's see if we can get a bounce one of these days.
Just for my own edification, does "today's sales" refer to your profit-taking from LTC to rebalance?
And presumably your move from GRS was similar? Never looked into that one before, but it seems to be doing well for you at the moment, ha.
And re. SBD, what's got you thinking it's particularly undervalued (i.e. worth including in a portfolio; ignoring present conditions)? I get that it's got plenty of room to grow, but idk that I have much confidence with the underlying business model (blockchain social network). Seems like a solution looking for a problem? Doesn't mean it won't have a decent ROI, just something I don't understand much yet.