5k would change my family life already and I want to play it safe, I’ve been a bag holder before and don’t want to be one again + I would be leaving tendies for other Apes too, am I being realistic about this? Is 5k a risky number? Thanks everybody 🙂
June 22, 2021 at 2:19 pm
don’t trust anyone that can say yes or no. This is a unique situation with many variables playing out. One to the one that will be most important is the Diamond Hands vs. Paper Hands nature of your average retail investor. I’m guessing you know the difference.
My suggestion, and I am not a financial advisor, yet do consider myself a retard, would be to create a series of brackets. Think of them as steps. Break out your total based on those steps.
All the way up to what you think may become the magic number. Watch closely, listen even more closely and you’ll ride this ride with the rest of us. My first step is covering my original investment (after tax, which I put at approx. 45% – 50% (to be safe). DO NOT FORGET THE TAX MAN AS HE WILL NOT FORGET YOU. Once you have covered your original investment, after taxes, have fun. I would suggest breaking down your total bananas and placing them on steps (ie. target sells).