Every two weeks I self-tax myself from any income received and directly invest them into 3 major accounts: M1Finance, WeBull, and CashApp. Doing so helps me increase my portfolios on all three fronts, and I do not touch the principal whatsoever. This allows me to carefully use the excess funds available for other life or work-related expenses. So far, this strategy has been helping me out and I have seen my portfolio consistently increase monthly.
Today we will be focusing on my Crypto Portfolio updates. As some of you might know, if you have been keeping in touch; I typically use CashApp to directly transfer 10% of my income directly into the funds available area within CashApp. It normally makes the funds instantly available for use. I then use those funds to buy $BTC automatically. After that I transfer it into my Swap wallet, and exchange Bitcoins for Tezos and ChainLink.
My Tezos portfolio has consistently increased in size, and will continue to increase as the staking rewards get bigger. This is one of my main goals: increase my dividends from my Tezos bags so that I can get into other crypto assets to start trading with. I'm pretty much a hybrid Tezos Maximalist.
Link is something that I recently got into. It's just a portfolio that I believe will rise over the long term. After it gets to a hefty size, I will liquidate it when it reaches a large price target. FunFace recommended me to it ackshually. Some of you Crypto OGs will recognize the name.
The only reason I got back into Bitcoin investing was because I had just set up a SoFi money account, which gave a great promotion for setting up a bank account with them. Then, I got a further incentive to start investing with them and I got free Bitcoins from them as a result. This was for promotions back then mind you, but they may still have it now! With their SoFi investing platform, I now focus on two companies that I speculate will explode in the next few years: Tesla and Bitcoin. I only invest a few dollars in it at a time, but it has steadily been creeping up without much maintenance at all!
For some reason, my staking rewards haven't been syncing so I had noticed that my portfolio was increasing, yet there were no transactions being displayed. So I know that my portfolio is increasing in size due to the staking rewards, as well as the 10% self-tax. However, I would like to see the transactions as it is always a helpful reminder in the brain and as it positively reinforces what I'm doing. Either way, I can't complain.
Thank you so much for reading this lengthy article! I'll see you all in another blog post soon!