Hello,

As per title, roast my portfolio

Cash: 67k USD, 50k EUR (to be deployed soon) ETF: 37k $IMAE, 15k $CNAA, 20K $EMIM, 16k $IWDA Precious metals: 10k GOLD, 22k 3x Leveraged SILVER, 7k each 2x Leveraged Silver and Nicked Stocks: 10k $LLY, 15k $BRKB

Strategy: I believe we are in a commodity bull market. China is printing and will print money, EU liquidity is in a uptick and US stocks are peaking

  • parent

  • Why so much USD cash that is not invested?

    parent

    I want to buy BTC for cheap later this year :)

    parent root

    Better start DCA e.g. 100€ per day beause Bitcoin might never drop to the price you're waiting for.

    parent root

    USD to eur lost -12.32% past year. Why not buy it in euro, on Kraken for example, and not lose money waiting?

    Just trying to understand. It's not like you need USD, for BTC. Nor is it a given you can buy it for 'cheap' later this year. I expect the reverse, it's been stagnant for some time now and looking at other assets, we are in somewhat of a 'melt-up'.

    parent root

  • You sure you wanna keep your US cash ? They're on the way to throw JPow out of the FED.

    parent

  • A portfolio of someone who understands investing, but is easily influenced by the news and current events.

    Also: the leveraged ETFs are pure gambling, leveraged ETFs are not meant to be long term investment vehicles due to their elevated costs.

    Edit: based on the comments below: you do not know investing, you are a gambler who happened to stumble upon investment vehicles and use them to gamble. Good luck as you roll the dice on precious metals, bitcoin, and the USD.

    parent

    I do agree that leveraged ETFs are to be hold for a short period of time.

    However I don’t think it can be called gambling. We are living in an era where the US is going all in in Tech and resources, while China is going all in in Commodities and Rare Earth Materials.

    Almost every commodity such as Gold, Silver, Copper, Aluminium has outperformed stocks.

    parent root

    Just an fyi, the tax man typically considers leveraged ETFs as either speculative (i.e. 33% taxable) or a sign of being a professional (i.e. taxable along with your other income such as regular salary, so probably 50%).

    If they notice (not likely but still a possibility especially with the capital gains tax), you're taking on leverage and risk while the extra upside potential is taxes away entirely.

    parent root

    I wonder how this will play out tbh. Will they really be checking all your transactions history? Will they sample it? No idea…

    One could argue that I bought leveraged ETF to have exposure and keep cash for safety, thus making me not going all in and be prudent?

    parent root

    They can do audits? And if they find out you didn’t declare it, it will cost you.

    parent root

    What can realistically cost you?

    parent root