November was a good month for our Crypto Portfolio but we know any day it can drop a huge amount. That is why we have no more than 5% of our Net Worth invested in Crypto Currency. I believe it will be around and keep growing in our lifetime. Crypto is very volitive and there is a lot to learn about it. It seems to keep changing, growing and expanding. Now we are seeing more Virtual Gaming, NFT’s to Digital Real Estate that is built with Crypto Currency.
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
Below is where we our Crypto Portfolio was at the end of November 2021. Also listed below is a quick recap of what each Crypto Coin is for.
Our Digital Currency did really well last month. We have 22 different Cryptocurrency coins. They are valued at $55,668 now and up $11,298 for the year or at 25.46%. Digital Currency is very volatile and can be up big one month and down big the next month. I see it as the future. If I am wrong, they could be worth zero by the time we need them. Our goal is to not sell them for at least a year so we can claim Capital Gains. I would really want to hold them until our Dividend Stocks run out. We will sell them before we have to touch our Retirement funds.
Websites We Use
We use Coinbase to buy most of our Crypto Coins. We store them there also. We use the site for research and education also. Plus, you can make money watching videos. Email me if you want to join them and I can send you a link so I can get a referral bonus.
We have used BitMart only twice to buy some coins that were not available on Coinbase. I still like Coinbase the best.
I like Weiss Crypto Ratings a lot. It is free to use and has lots of good information about different Digital Currency. We check the site each month on the Crypto we own and research Crypto we may invest in next.
I know Price Predictions from anyone is like going to a Palm Reader. Who knows how accurate they are but I like using them to check our Crypto Coins we own and the ones we may Invest in. We update the Predictions each year for the Crypto we own to see the changes good or bad. We want to know what they predict for the next ten years. We want to hold any Crypto we buy for at least 12 months for Tax purposes.
We use Cointracker website for Taxes and the keep track of our Coins values all in one view. Since we own Crypto on two different exchanges. We pay for the Tax Service with them at the end of year so we can give the forms to our Accountant. Our Accountant will not do Digital Currency forms. She said too much work.
Koinly.io is another website we have used for Tax forms in the past. They did a good job for us also. Both Cointracker and Koinly are pretty close to the same price they charge for the tax forms we need for our Accountant.
Crypto Currency we owned at the End of November 2021
|Mills Family Crypto Portfolio||Current||Price Proj||Price Proj||Current|
|EOM NOV 2021||Rate||Invested||Coins||Value||2030||2030 each||Price Each|
Coinbase Money We also Make just leaving our Coins with them.
ETH2 – Ethereum 2 pays 4.5% APR
ALGO – Algorand pays 4.00% APY
XTZ – Tezos pays 4.63% APY
USD Coin pays .15% APY
What Each Coin is about
|Rough Use for Each Crypto Coin||**RESEARCH MORE ON THEM**|
|BRISE||Crypto engineering organization focused on blockchain technology products|
|ALGO||Used for buying and selling goods or services from RE, e-Comm, Retail and more.|
|SHIBA B100K||Ethereum-based Altcoin working towards a crypto game and more.|
|SOL FB||Runs Solana Network. A platform for Finance Apps and other smart contracts.|
|AVAX||Smart Contract focused on transaction speed, low costs and eco-friendliness|
|MIR||Aims to enable 24/7 equities trading by minting “synthetic” versions of real things|
|AMP||Aims to Collaterize payments on Flexa Network. Making them Instant and Secure.|
|XLM||Blockchain network to create, store and send any digital currencies of your choice|
|ADA||Blockchain can use to build smart contracts, create decentralized apps & protocols|
|ETH 2||is an upgrade to the Ethereum Network that aims to improve security and scalability|
|MANA FB||Digital Asset token used to pay for goods and services on Decentraland|
|ICP||Mainly used for processing power on the ICP network|
|LRC||Making transactions cheap and fast. Layer 2 Eth solution enables fast & scalable Dap|
|LINK||Aiming to incentivize a global network of computers to provide reliable, real data|
|DOT||Protocol that connects blockchains – allowing value and date to be sent across, etc.|
|LTC||Utilizing blockchain technology to transfer funds directly between indvs or businesses|
|MATIC||Vision is Ethereum, a platform – home to a range of Decent apps to virtual worlds|
|XTZ||Key role in maintaining and operating Tezos network. Used for holding, spending, etc|
|UNI||Eth token to power Uniswap, an automated liquidity provider. 2 make easy exchange|
|CRO||Chrypto.com Chain token used for intermediary curr settlements of various assets|
|ENJ FB||Eth token that aims to make it easy for Indv, Busn and brands to use NFT’s|
|GALA G||Gala Games is a platform that builds blockchain-powered games and way more|
Percentage of Each Coin we own to Total the Total Value
|Percentage of Each Coin to TL||Current||% of TL|
|EOM NOV 2021||Rate||Invested||Coins||Value||Owned|
Remember that the above information is just what we do. It is not for you to follow. You need to do your own research. Also if you don’t have a stomach for the up and downs of Investing it may be safe to hire a Financial Planner to manage your Investments. Again we less than 5% of our Net Worth in Crypto Currency.
My goal would be too able to live off a 3% withdraw rate when she retires completely. We live Debt Free and work really hard to live within our Budget. I feel we can adjust our Budget at times if we need too. If our businesses MillsWay.com and Live4.Club Podcasts take off big she could retire fully sooner and help me with them both.
If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life.
“The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals.
We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom.
Here are some positive quotes I like;
“Get your Money to Work for You… As hard as You Work for it.” By Napoleon Hill
“1. Make Money. 2. Use the Money to Make More Money. 3. Repeat the Process.” By Warren Buffett
“There is no way to happiness; happiness is the Path.” By Buddha
“Change Your Thoughts – Change Your Life” by Wayne W. Dyer
Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page.
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