Last month, we put on the brakes, investing just $10,000 in the market. Why? We knew the market was going to dump. Today, with a -6.30% plunge, it turns out we were spot on!
ICYMI our “Skin in the Game” (SITG) series lets you peek behind the curtain as we put our money where our mouth is, making monthly investments into the crypto market. Here’s a rundown of our investments to date:
- January 2023: $10,000
- February 2023: $25,000
- March 2023: $40,000
- April 2023: $10,000
For this month, we were itching to splash out $50,000, but the market’s not quite ripe yet 🤷🏼♂️
So, we’re sticking to our $10,000 game plan in this turbulence.
Before we get started, let’s dive into some numbers you’re going to love 👀
Disclaimer: This is not financial or investment advice. Any capital-related decisions you make are your full responsibility and yours only. The information made available in this report is NOT for replication. The purpose is to share the thought process behind our decision-making for entertainment purposes only.
The numbers you haven’t seen before 💵
Imagine this – what if we put our investing on pause today and simply let things be for the next 5+ years? What’s the potential payoff?
You might be tempted to throw out some wildly optimistic numbers, thinking it’s a “sure thing”. That could lead to unrealistic expectations, though. So instead, we use a method known as the “Expected Value“. This calculates outcomes based on probability.
So, what are we looking at in terms of SITG’s projected growth?
- Initial Investment: $85,000
- Expected Target: $1,403,379
Just for kicks, let’s also consider the Best Case and Worst Case scenarios:
- Best Case (Maximum Growth): $2,517,647
- Worst Case (Maximum Loss): -$62,891
Lose $63,000 or make $1.4M?! Sign us up lol.
Mind you, these figures don’t factor in our ongoing investments, our reinvestment of profits, and our ability of pulling out before a big loss. So, believe it or not, these projections are quite conservative.
By the way, if you’re itching to crunch some numbers for your portfolio, check out this nifty tool we built right here. It’s as easy as pie!
The SITG lesson 📖
So, here’s the deal: we’ve invested $85,000 in the wild rollercoaster of volatile cryptos.
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