Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I would not keep it in Fiat. Stocks or real estate or what ever brings me 5% a year.
This. With a good managed portfolio, I've been pulling in 10-12% over the last three years on my traditional investments. Very happy with the numbers I'm seeing.
Does not make sense to keep money liquid, just sitting there, earning basic sub 0.5% interest rates in a traditional checking account; take a number you are comfortable with not touching for at least a year, and put it into a managed fund, if you can. The fee's are more than made up for with the profits you will likely realize.
In my experience, anyway.
Well, if what you say is actually accurate, then you are pulling out way the fuck more than what is within the realms of conventional recommendations, which is to pull out within the area of 4%. Of course, any of us can tweak recommendations because as people we have discretion to do whatever the fuck we like; however, your pulling out 2.5x to 3x of the conventional recommendations seem a bit much.. and I suppose that within you assertion, you might be suggesting that you are able to achieve returns that are on average 2.5x to 3.5x greater than normal peeps?
Could be. Could be. But doesn't seem too likely, especially if you consider real long term projections about what actual returns are. Of course, in recent years, we have BTC that can be added into the mix regarding our actual returns, so in that regard, our actual returns could end up getting way the fuck skewed to the upside if BTC continues to generally (and even quite exponentially) outperform traditional asset classes.
Mine is a managed 4-5% for the last year on traditional investments. I did put windows and siding on the house this year as well as a newer truck ...this because i expect a pretty
good 20-40% recession coming along soon. I took the house/truck money out of the traditional investments to take some 'cream' off the top for my view of a pretty harsh recession.
Guess I forgot about BTC's version of such now that we are down to $7,250 USD now I see.
What the heck bought about 0.266 BTC in the last couple of days...so wtf. Been in this too long to lame out now. The 2013 BTC Kool-Aid seems to be keeping me buying on the lows
(dust or not) it seems.
If I'm wrong with the current BTC hoard on buying in now and monthly, big whoop, I'll have much bigger problems with the BTC I hodl if that is the case for any of that to matter...
If I'm right, however, I will look like (and claim) I had it all planned. (even though I just placed a bet...BTC always drama)
oh well, chump or champ we will see in the next couple of years I guess...
Plan on buying more BTC whatever the price on Dec 1st, 2019....would be nice if I could keep up monthly buying 'some' as a habit...no matter the amount.
Anyway IF my recession idea of 20-40% correction on the traditional stock market, etc. Bitcoin will come back. If not....well it was fun!
later
Brad
I remain a bit unclear about whether what you are saying makes sense exactly. If you have reached a stage of your investment that you are starting to withdraw, then you would likely NOT continue to invest too. I mean, you could withdraw up to 1% per quarter or 4% per year, and still be within a kind of conventionally accepted withdraw rate that allows you to largely average out in keeping the value of the principle.
If you are still accumulating BTC or buying a position into BTC, I suppose you could do that too, but I think that you have to be a bit more strategic than a pure DCA kind of approach - which works all fine and dandy during initial accumulation, but does not seem to be very applicable to attempt to randomly mix such an approach with a withdrawal strategy.
On the other hand, if you are taking from one kind of investment and moving to BTC, then you are reallocating rather than withdrawing, so anyhow my point is that your description of your strategy, Searing, comes off as a bit confusing and potentially a bit contradictory in the event that you really were to consider yourself to be in a kind of withdrawal phase on your BTC.
Now, on the other hand (I know that I am running out of hands, but whatever), if you believe that you had withdrawn more BTC than you had wanted to withdraw, and you were in the process of replenishing some of your withdrawal of funds, then I suppose that could be a reasonable thing to attempt, too, especially if you remain a bit unclear about what stage you are in, or if you are kind of in a transition stage rather than a liquidation stage (which seems to be the most plausible reading regarding where you perceive yourself to be at, currently).