MultiversX Tracker is Live!

Post-Profits: Diversifying Your Reinvestment

All Cryptocurrencies

by COINS NEWS 76 Views

This is pretty straightforward, but something I only see talked about occasionally on here. There's a lot of debate on how much you should reinvest in crypto after taking profits, with some even suggesting not to at all. But what I don't see a lot of is discussion about spreading out that reinvestment into "all of the above" (stocks, bonds, crypto, precious metals, personal fiat cash reserve, food security, etc).

This is my personal strategy since the last bull run. My primary motivation for spreading it back out was to reinforce all my investments across the board, as opposed to having most (if not all) of my money invested into one specific basket.

My personal plan for the future is then to take profits again on any of them if it is a large enough amount (crypto or otherwise) and then repeat the process, with each "basket" of investment periodically bolstering all other baskets again. I also keep this plan more or less loose, that way I don't sabotage myself with high expectations, and I try to be grateful for all my gains no matter how small.

So what about you? What are your thoughts or strategies for tackling this, or how do you plan to reinvest after profits (if at all)?

submitted by /u/AloofJuice
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments