For DCAing and buying new stocks.
Even if BTC moons tomorrow I’m disciplined enough to not worry as I’m not all that excited about it anymore. BTC plunges and I think to myself, ‘how am I benefitting from this in the short-term, except for accumulation (bought mid $40k low $50k back in August). I’m more long-term mindset and I’m not currently convinced the crypto will be buying me anything worth while in the next few years and would rather just see it in stocks/Roth for now. So I unload a couple grand and sit on cash to invest when I’m feeling it.
This is the scenario in my head, tell me where I’m going wrong with this, tell me that’s not a bad idea? I’m not the only one thinking this, am I? I don’t mind the red days currently and have been buying the dips.
My portfolio is 30% oil, 30% consumer staples, 10% c’discretionary, 20% healthcare, 3% airlines, 3% IT, 4% Financials for May right now.
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