As you may or may not know, I am dipping a toe in the crypto world. We have some Bitcoin, some Ethereum, and a little Dogecoin. But I must admit that I don’t 100% understand the cryptocurrency and the whole blockchain. So investing for us is complete speculation.

If you’re a regular reader, then you know my view on speculative investments. Don’t use money you can afford to lose. Although BTC-USD, ETH-USD, and DOGE-USD are in my list in my Stocks app, I don’t compulsively look at it. Maybe once a week…

My first purchase of BTC-USD was at $23,457 in December 2020. Whenever it dips, I add a smidge more… and I mean a smidge. We’re talking 50 bucks at a time. Yesterday, I bought $50 worth at $33,262.

So what’s my point?

I am not comfortable going “all in” on something I do not fully understand. Instead, we decided to dip a toe in the water with minuscule amounts during downturns. Simple enough for us. Of course, we still make our “safe” dollar-cost averaged retirement investments.

Let me know if you’d like more info on how to purchase “real” cryptocurrency. Send your questions to questions@marknoldy.com.

As Always…

Thanks for reading! I hope this information provides food for thought. Remember that I am not a certified financial planner, a certified public accountant, a licensed real estate agent, etc. My content is for educational purposes. I am a math educator who happens to have a finance degree. Like they say, never take financial advice from a math teacher! (Do they really say that?)

But you should spend less than you earn, invest the difference, and stay out of debt!

I would so appreciate your sharing my content with anyone you feel could benefit. And if you would like a free exploratory conversation or just want to shoot the breeze about personal finances, call me and leave a message or send a text to 570-731-0425.