So whilst no stocks are moving My crypto bets in coinbase are in full swing over the weekend. Bitcoin has been on a roll this weekend up to $19,135
Saturday 12th December
| Type of account | Company / Share | % of stocks / Crypto vs bonds | Daily Change |
|---|---|---|---|
| Robo Advisor | Betterment | 86% | |
| Betterment Roth IRA | 90% | ||
| Robo Advisor | Betterment Emergency fund | 30% | |
| Crypto | Bitcoin | 100 | +3.1% |
| Crypto | WOZX | 100 | -4.5% |
| ETF | BITW | 100 | |
| Mutual Fund | VTAX | 100 |
Sunday 13th December
| Type of account | Company / Share | % of stocks / Crypto vs bonds | Daily Change |
|---|---|---|---|
| Robo Advisor | Betterment | 86% | |
| Betterment Roth IRA | 90% | ||
| Robo Advisor | Betterment Emergency fund | 30% | |
| Crypto | Bitcoin | 100 | +1.83 |
| Crypto | WOZX | 100 | -0.8% |
| ETF | BITW | 100 | |
| Mutual Fund | VTAX | 100 |
I decided today that come Monday morning I will sell my NIO and move the funds into BITW which is the Bitwise 10 Crypto Index Fund over the last week this has gone up 21%. Its a risky move into Crypto but with NIO just heading down and concerns over Chinese stocks, along with the EV market going to be crammed in years to come I think Crypto might be a better risk over all.
In selling NIO I will make money but it wont be a massive amount due to state and federal short term capital gains tax. Remember if buy and sell shares you will pay capital gains tax and if you do not keep them for more than a year you will pay short terms capital gains which in the case of Federal tax will be more, in California this is about 30% of the profit you make.
I also setup a reoccurring buy of Bitcoin on coinbase of $20 its not a lot but something that will grow over time.
Tomorrow looks to be a green positive day at least with the futures being higher. I use Premarket Stock Trading – CNN Business each night to see how the markets will be in the morning. It gives you a good idea on what might happen during the US day.
