In This Issue
- My latest portfolio updates.
- Jesse has a deep dive for you on Clearpool Finance.
- Sam has a 2022 review of NFTs.
- Rebecca breaks down this week’s trending coins.
For any crypto related questions please comment on the website.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
This Week’s Moves
I added a little more BTC.
I sold my final tranche of INJ that I received from my venture investment.
I claimed my Illuvium staking rewards.
I exited my WILD/ETH LP position. I sold both the ETH and the WILD from this LP. This will lock in a significant tax loss since I lost about half of the ETH put into this and the price of ETH at the time was like $3,700.
Year In Review
As we embark on a new year in markets, it is worth reflecting on what we did right and wrong in 2022 in order to try and be more profitable and successful in 2023.
So here are some questions for you to consider. A bit of homework if you will.
I find that it can be very useful to have these self reflection moments, so do take the time to read over these questions and really sit down and answer them.
- What was your best performing investment in 2022? This could simply be the investment that lost the least, or maybe you found some market beating opportunities. But think about why this investment did well relative to the market and what lessons you might be able to learn from it.
- What was your worst investment and why did it go so bad? How could you have better managed this investment? Did you FOMO buy high? Did you not have a stop loss? Why did you not cut it sooner? Why did you initially like this investment and then what changed?
- What is one thing you wish you knew more about or had tried? IE NFT flipping or shorting on Bybit. It is never too late to learn. So use this slower time in the markets to upskill.
- Are you happy with your portfolio balance? Not the total number haha, I don’t think any of us love that number right now, but instead the percentage between assets. Personally, while I love crypto, I have been working over the last year to 18 months to diversify away from crypto by putting more money into stocks and metals. I know that some of you are 100% crypto, and while the stock market has been far from a safe haven, the truth is that diversified portfolios held up much better in 2022. So if you are not happy with your distribution across asset classes then what is your plan to fix it? Will you start studying stocks or real estate in 2023 to be ready to move profits from crypto to other sectors on the next big market cycle?
- How many income streams do you have? How can you get more? For many investors their income streams will look something like A) Their job B) Staking coins like Cardano C) Maybe a little bit of DeFi or stock dividend income. The question will be how to get more of these in 2023, especially those less correlated to crypto volatility? Time to start a new side hustle? Finally take the plunge into real estate? The key word here is cashflow. Do what it takes to increase it.
- What about risk? Well, as 2022 proved to many investors it is time to have a…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
