My Crypto Portfolio – Jan 2022 Update

Crypto Portfolio Update

Cryptos have been super hot lately with the advent of NFTs, metaverse and Web 3.0 – It’s time to share my crypto portfolio.

Disclaimer: This article is not financial advice or crypto advice. All content on this website is for educational purposes only.

I started investing in Cryptos in early 2018 after Bitcoin reached around $20000 in December 2017.

I invested around $500 in Ethereum over a couple of months in 2018 as you can see below.

I added all up, and it is 0.35 ETH

Just like every newbie crypto investor, I wanted to catch the next big thing early and ended up exchanging ETH to buy a wide array of alt coins.

Here are some of the coins I held for over 3 years – AAVE, ADA, TRX, XRP, IOST and so many other smaller and lesser-known alt coins.

Cut to January 1, 2021 this is how my portfolio looked like. Remember I started with $500

My Crypto Portfolio

Yes, it went down by 50%

Here’s the thing with crypto. My solid advice is to only invest money that you are prepared to lose, especially with cryptos. So, I just let it ride.

In mid of May 2021, I logged into Binance, and I was in for a pleasant surprise.

May 2021 crypto portfolio update

My portfolio had grown by almost 8x to $1900

All thanks to 1 alt coin – AAVE which had the lion’s share in the act.

I should have sold it then, but greed got in the way, and I thought of holding it for longer.

Eventually I ended up selling AAVE at around $300 per coin in the month of November 2021.

Now its trading at around $200 a piece and glad I sold at $300.

In December 2021, I had to move all my crypto portfolio from Binance as it was shutting down in Ontario from 2022.

So, let’s look at my current crypto portfolio as of Jan 11, 2022

Crypto portfolio update

First is my Coinbase account that has just three coins – Cardano, Shiba Inu and Bitcoin accounting to a total of $223

Second is my DRIP portfolio. Here’s the snapshot as of Jan 11, 2022

I sold most of my alt coins on Binance and invested around $1000 into DRIP network in Nov 2021 and it has now grown to $4053.

I am planning to compound daily to increase my DRIP tokens. It pays 1% daily and you can read more about it here.

Third and final is my Crypto.com account. Snapshot below. Get $25 when you sign up to Crypto.com using this link.

My crypto portfolio

So, putting everything together, my crypto portfolio is worth around USD 4300

Hope you enjoyed reading this portfolio round up and if you would like to see a snapshot every month, let me know in the comments.

Happy Investing.

How did the US Federal Elections affect my small portfolio?

The highs and lows in the stock market are often triggered by catalysts. What can be a better catalyst than the US Federal Elections?

I started investing right before the pandemic hit and I continued to invest around $1k every month since March 2020 in the US and Canadian stock markets.

Let’s get right into the numbers. As of November 3, 2020 I had invested a total of $12188 into my Wealthsimple Trading app and my portfolio value was a grand $9135 😂

Yes, I was in negative territory (-25% to be exact).

Here’s a snapshot of the same.

Wealthsimple Trade Portfolio

The US Federal Elections took place on November 3, 2020

As you can see, I just added another $1k for the month of November (which explains the increase from 12188 to 13188 in Net deposits).

What was really surprising was the increase in my overall portfolio value.

It increased by over $3000 in just two weeks. Talk about market volatility.

How did this happen?

During September 2020, I read multiple articles on what would happen to the US stock market if Donald Trump won again or if Joe Biden won.

I invested in a few EV penny stocks which were predicted to run on a Biden victory as he had announced plans to fund more tax credits to consumers who buy electronic vehicles.

One such stock was SOLO.

As you can see from the pictures above, I kept buying it in dips and I had around 195 shares on November 12 at an average of $3.12 per share.

It began its bull run right after the elections.

On November 20, it traded briefly around $13.60 apiece. Here’s a snapshot of my holdings in SOLO when it was at $11.50

A whopping 268% return

When it comes to stock market investing, the golden advice is to take profits every now and then, as the profits that you see on screen can disappear in a minute due to something as small as a tweet from someone influential.

So, I did take some profits along the way as well. I started with 195 shares, remember.

This is just one example of how a good stock pick can do wonders in a week and this is one of the reasons why I’m in the green territory right now.

There are many other sectors like Clean Energy, Renewable Energy, Cannabis that look poised for growth in the short term as well as long term.

To summarize – do your due diligence, buy stocks in dips, take profits every now and then, stay invested in booming sectors, and reap the rewards in the long run.

Happy Investing.

Disclaimer: This article is not to be considered as investment advice.