I’m a millionaire and this is my crypto portfolio

My crypto portfolio as a millionaire

“What do you think about crypto?!” may be the question I get most often. I don’t talk about it much, but figured it’s a good time to post my own crypto portfolio and my feelings about it!‎

Note that I didn’t use the word “investing” in the image. I don’t see it as investing, but rather as speculatively exchanging US dollars into cryptocurrency. Because crypto isn’t a productive asset that pays dividends or rental income. “Investing” in crypto is simply converting your dollars into a digital currency on a bet that someone else in the future will pay you more in the future than you paid today.‎

That said it’s an extremely cool technology, and may indeed change the way we transact. Here are some of the pros and cons of crypto:‎

• Not created or manipulated by any government‎
• Limited supply‎
• Purely digital‎
• Store of value‎
• Hedge against fiat currency inflation‎
• Trades 24/7/365‎

• No real industrial use‎
• No internal product, profits, innovation, etc‎
• Not productive asset (does not provide dividends or income)‎
• Limited track record‎
• Very speculative‎

Crypto stands in stark contrast to the things I invest in: stocks, bonds, and real estate. Those asset classes are productive because they pay me just for owning them. The longer I own them, the more money they produce, which I can reinvest to create that compound/exponential growth. I see crypto the same way I see commodities or currencies. As a store of value and a speculative bet that someone will pay more in the future. Historically, commodities and currencies get crushed by productive assets.‎

That said, you can’t argue with the results over the last 10 years, and it’s anyone’s guess what’s gonna happen the next 10. That’s why I decided to invest a tiny bit per month as a release valve on my FOMO. ‎

Should YOU invest in crypto? Well, I have no idea because I can’t see the future, but if you choose to I’d suggest a couple things:‎

1. Keep contributions very small (<5% of your portfolio)‎ 2. Don’t get all of your investment advice from some dude on instagram giving it away for free.‎ ‎ Don’t forget the two rules.‎ ‎ -Jeremy‎ ‎

via Instagram


Tax day 2020

Tax Day is July 15th, 2020

Here’s some good news coming among all the craziness. We now have until July 15th to file and pay taxes. The IRS has confirmed that

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!