How I'm Playing the Markets Right Now

My exact portfolio and what I'm doing

Hope you didn't have any plans for a hot date tonight because you're getting an update from yours truly!

This isn't just any update, it's a very special update because I'm going to tell you how I'm playing the markets right now.

As it stands the economy is in shambles, we are at record-high inflation, and everyone is lost in despair.

So I figured a little transparency was in order to ease everyone's minds.

Here's a rundown of my current portfolio:

- $100 in cash

- A few bags of chips

- My collection of Pokémon cards

- A couple of old pairs of jeans

That's it. That's my entire portfolio. And I'm not even including my collection of Beanie Babies because that's just for shits and giggles.

But in all seriousness, this is how I'm playing the markets right now.

The Majority of my Holdings

Are still in Ethereum.

Let me start by saying, especially when it comes to crypto, that the worst is still ahead of us. High inflation isn't transitory. The Russia-Ukraine war isn't transitory. An entire sh*tstorm hasn't even been priced into the markets yet. It hasn't been priced in!

But that being said, if you breathe deeply, zoom out, and look at the long-term prospects of Ethereum, they're actually quite good.

There are only seven competing ecosystems that can even be compared to Ethereum and it is still by far the most decentralized and censorship-resistant.

I do have some concerns with Ethereum 2.0 and its delays—read about them here—but once released it will be a much-needed monkey off the back of the Ethereum community. And it will come with many additional benefits such as being deflationary as well as having Proof of Stake which will make Ethereum much greener and more appealing to institutional investors.

No, that’s not the wrong chart. It’s there to point out that crypto is valued by its network adoption and the same applies to Ethereum.

In 2022 it isn’t that crypto adoption hasn't stopped, it's trending sideways. This is a down year for crypto. Nobody new is entering the crypto markets and nobody is leaving them either. This trend won't last forever.

As we eventually head out of recession, which we’ve only just begun, the same need for Ethereum's use as a platform for decentralized finance, NFTs, and a new wave of community-owned applications, will return.

It will come back even stronger than before.

So that's where the majority of my holdings are. In Ethereum

Runner-up in my Portfolio

I only own stock of three companies:

• Amazon

• Apple

• Tesla

KISS. Otherwise known as "Keep it simple, stupid."

I'm not going to try and time the market. I'm not going to day trade or anything like that. These are the three companies that I believe will do well in the long run.

So let's talk about my real runner-up: Bitcoin.

I go back between Bitcoin and Ethereum constantly, but I always come back to Bitcoin being the surest bet of them all.

Ethereum's Achilles heel is, actually, it's two things, 1) The amount of competition 2) the amount of complexity

Nothing can compete against Bitcoin. It's digital gold. It's a safe haven asset. Inflationary assets like fiat currencies and stocks are going to lose value, but Bitcoin will hold its own.

It's simple too. There are only 21 million Bitcoins that will ever exist and that's it. No more, no less.

Ethereum has greater potential to surpass Bitcoin, and I believe it will, but I'm also reminded of Icarus. He flew too close to the sun and his wings melted. Ethereum cannot afford to be too complex for the average person or it will lose its value proposition and burn out…

But, hey, I'm sure the Ethereum foundation will find a way! I mean, these are geniuses we're talking about!

One Quick Lesson About Market Psychology

The perfect time to buy is when you see pure fear and hopelessness.

So, always keep this in mind when investing:

• Sell when everyone is euphoric

• Buy when everyone is terrified

Basic market psychology will save you a lot of money and heartache

Anyway, I hope this gives you some insight into how I'm playing the markets right now. Here's a great quote to keep you strong:

"The time of maximum pessimism is the best time to buy and sell."

-John Templeton, an American investor who bought stock from companies during the Great Depression. They sold while he bought.

As always, stay safe out

See you next time! :)