Growing up my parents always spoke of days like this. Like most kids, I had no idea what they were talking about. Often hearing things like “time is money” and “always have something for rainy days”. Well thanks to COVID-19, most of us have nothing but free time. And for the 14 million college students around the country it’s also time to think about alternative options and not just only security.

Now that I’m have free time, I can compound on the knowledge I have. A week after spring break, I began taking a financial crisis class at Yale Coursera. The class explains inner workings of Fiat currencies. Today we’re seeing similar things to 2008 with the bailout of banks, 2000 with the dotcom bubble and as of last week congress has passed a bill for a bailout for our crippling airline industry. I view Fiat as simply a currency based on promise and IOU. 

Yesterday, April 28, 2020 I saw an 11% gain in my crypto currency portfolio and instantly felt like I should share this experience. With fiat currency, I usually would have 87% equity and 13% liquidity in the stock market. As I embarked in the world of cryptocurrencies for the last 3 years I adopted a low-risk investment style. With my current outlook on our market I thought it would be a good time to be more risk averse.

Every week, I will be documenting to my experiences as a crypto investor. In my current portfolio, I have adopted a 80% equity and 10% liquidity investment strategy. Bitcoin and Ethereum Classic are about 30% of my entire portfolio and I have seen nearly at 40% gain in a month. Compared to the S&P 500’s 20% gain this month. Though Bitcoin and Ethereum and Bitcoin are my “high weights”,  XRP is one of my favorites I anticipate it will be moderately bullish over the next few weeks. I will keep a eye on XRP as it produced a 22% return this week. 

Thank you all,  stay tuned as I document my experiences as a crypto investor.