Hello readers (not so many at the moment but I'll make sure to improve that), I'll try to share my financial goals for 2021, it might give you a better idea of myself for those who haven't read any of my comments here yet.
Just a bit of context first, I've met with investments very late – in 2017 – and it all started with a book from Andrew Hallam titled 'Millionaire Expat: How to build Wealth Living Overseas'.
I was working in Hon Kong since 2015, always heard that taxation on investment profit here was advantageous (non-existent), this book looked like a perfect match.
Game was on ! I bought my first stock through my bank and I would stick with HK stocks for few months. But there was a need to diversify my portfolio, I wanted to buy some ETFs to cover the S&P500 and Euro index. Opened a trading account on IB, low fees and stock exchanges from the whole world opened to my investments.
Since the beginning I've been a 'Buy & Hold' person on stocks and that followed me for all my investments including cryptos.
I won't bore you with my choice of assets but I would like to share an uncommon one for the sake of discussions: it's Whisky ! Feel free to ask more about it in the comment section.
My end game goal is to be able to live from my passive income investments thus they are the ones having my preference. And I'm afraid it won't be for 2021 but I will keep building for it.
Ok I still have this little hope of some alt coins mooning and making myself a young retired man but I prefer to be rational so here are my plans for 2021 (finally).
1.Stocks
Adjust my stock positions to have:
- 25% Gold/Silver physical/miner/streaming
- 25% Oil/Natural gas
- 10% Uramium
- 10% Tech/EV/Pharma/Nikkei/More junk
- 30% cash
I'm a bit of a contrarian in some ways :)
Also a big allocation to cash waiting for the blood in the streets that would allow to grab great companies at a very low price.
I've also started to trade stock options since October. Very simple strategies selling covered Calls on the stocks I own and selling cash covered Puts on the stocks I would like to own.
Returns have been a lot higher than my expectations and that's something I'd like to push a bit further in 2021 but that's far from passive...
2.Cryptos
That's definitely the fun part of my investment !
Let's skip the boring part of BTC holding, ETH2.0 staking or all the alt coins moon-hoping.
But what I had fun/risk with in 2020 was DeFi, this thing is the Far West, cowboys shooting and getting shot on a daily basis.
For my first DeFi in October end, I hesitated between Curve and Harvest to finally choose Curve... 2 days later USD 24M were hacked from Harvest.
Oh my... that was close :D
I'll try to make other DeFi discoveries in 2021 and will share it on Leofinance.
Talking about Leofinance (and Hive), this is where I'm going to invest the most in 2021, in time and money.
I've put some money in Hive and LEO (and SPORTS and LBI) and I thought it would be enough to start with but every time I read a post from taskmaster I feel like I need to buy more LEO !
Man... he is good you know :D
So I'll dedicate more time to write quality content here to grow my stake organically.
You can notice a great improvement from my first post who collected 1.59 LEO and the second with 13.82 LEO !
I would like to thank people who voted for, it really gives some motivation to deliver more and better.
I'll let Hive grow organically from authoring/curating and delegate all the HP to @leo-voter and @lbi-token.
LEO will powered up unconditionally and the goal in 2021 is to have 15000 LEO.
And to conclude let's play the price prediction game.
- Hive: USD 0.25
- LEO: USD 4
That would make some millionaires from LEO !
But let's not dream too much about it and keep providing effort to make this community stronger day after day.
I wish Happy New Year to all of you LIONS !
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I got here late, so sorry for not voting this post as it's expired.
You sure have an I retesting past and a bright future from what I can see. I'm glad I bumped into your post. I've seen you commenting though 😊
Well good luck succeeding. Buckle up and let's ride together. It's going to be a bumpy ride but fun, I can promise you that 😜
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No worry about that, I'm glad you took the time to give some kind words :)
Oh yes it's going to be a bumpy ride but sure a lot of fun, and I'm happy to share this with you.
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Interesting diversification of stocks, to be honest.
And wow about that 15k $LEO milestone! Definitely a nice goal to achieve!
Good luck with all that!
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Thank you, hope I can reach it ;)
Will be harder to buy if LEO goes up like this haha
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30% cash. That's significant. That's liquid.
Good luck with your hive and leo goals :)
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Absolutely ! and you named it, being liquid seems to be very important in this market.
Thank you :)
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to the moon! also i really like that you try to diversify your portfolio!
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Yessssss to the moon haha
I was actually a lot more diversified few months back, but I adjusted some positions according to some beliefs :)
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Happy new year @hykss! These ae some great goals here! We have a leo whale on our hands! Keep pushing and you can do it!
Thanks a lot ! I'm still a kitten at the moment but I'll keep pushing haha
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hahhaha just keeping on mewing. At the rate you going you'll be roaring in no time!
Hi
So if you live in Hong Kong you don't pay taxes on investments in regular trading account? Interesting, what about your native country taxes? DO you pay for earnings overseas? I think the US allows x dollars to be earned abroad tax free, but I haven't looked into it heavily.
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Correct I don't pay anything related to trading/investment here. I pay my income tax indeed.
I'm not US citizen so I can't say much about it, I'm just worried about their damn estate tax but I'm doing my best to stay under their USD 60k hammer.
I'm working abroad for almost 10 years now and have cut ties with my country almost from day one.
So I don't pay taxes there till they implement the global tax based on passport.
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You are an inspiration!
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Thanks for the kind words
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