How do you hedge your portfolio?

šŸ“Š Investing
22

How are you finding Nexo? I know somebody who swears by it but it sounds too good to be true.

23

Between both, I would go for BlockFi for sure, thinking in something more ā€œlong termā€.

My referral:

24

I think it slight less safe or maybe, transparent, than BlockFi, but seems that they are growing very very fast. The platform itself works pretty good to be honest.
They are slowly delivering they card as well.
https://nexo.io/nexo-card?referral=xbeA8hh

Iā€™ve being using Swipe Sky Card, 2% cashback (in Bitcoin) in all transactions and it being work fine so far.

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25

I couldnā€™t said it better, at this hour of the day. :slight_smile:

When I said about Robinhood, eToro, or T212 going for IPO, I was referring only that when they go public, so I can invest as another stock. Iā€™m not in IPO mania also (or SPACs).

Thanks for the papers. More for my pile of papers to read. :upside_down_face:
They seem interesting.

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26

Whatā€™s the catch. 12% interest per year and 2% cashback in Bitcoin?

27

There is an enormous need for liquidity in the crypto market, so what all these platforms are doing is lending your assets to companies that need liquidity, and making loans using your cryptos as collateral, easy and automatic.
It will drop for sure in future, but it can be in a year, 5 years, hard to predict, but it will be always much higher than a normal Bank, thatā€™s a fact, there is no middle man, no hidden fees.

The cashback is from a different product, Swipe, that now is owned by Binance.

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28

It seems also it is a lending platform operating in traditional currencies as well. Iā€™m guessing they loan out your euro as well if youā€™re only using traditional currencies?

I just watched an informational video on their website, and also had a read on the Nexo subreddit. It has an extremely crypto vibe to it. The entire subreddit was full of crypto-bros. A bit worrying!

29

You can deposit FIAT but itā€™s automatically converted to stablecoins, they do not hold FIAT.
Nexo, BlockFi, Celsiusā€¦ they are crypto lending platforms.
Nexo is the only one that offers deposit directly in FIAT.
You can watch some Celsius AMA videos on youtube, what the CEO explains there, basically works for all of them.

30

Ah! Thereā€™s the catch then. Personally that wouldnā€™t be for me. Stablecoins are far too unstable for my risk tolerance.

Interesting concept though.

31

What do you mean?
Stablecoins are 100% stable, the fluctuations are minimal.

32

I guess what I mean is Iā€™m just not comfortable keeping my money in crypto!

33

I was going to say an unstable stablecoin is a bit of an oxymoron.

:joy:

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34

Well I mean calling Bitcoin a ā€œstore of valueā€ is equally absurd in my eyes!

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35

There are stable unstablecoins as well :joy:

36

60% Physical Gold
10% P2P Lending
2% Penny Stocks
10% Growth Stocks
5% Dividend Stocks
5% Gold Mining Stocks
2% EU Stocks
5% AIM/FTSE 250 Stocks
1% Crypto

I plan on doing a Premium Bond fund to keep my money from losing inflation and a chance to win some money on the side but maybe once I get a job.

37

Do you mind if I ask why did choose that?

38

First thing I looked into before Stocks.

To be honest, I donā€™t mind holding that much if it means it will increase if the Markets crash.

39

Well, last March it did not:
image

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40

I bought in August and missed that Dip, but I donā€™t think it will last as they just keep pumping it up to delay it.

41

:joy::+1:. ā€¦i knee somebodywill say that!