Followers of this site know that we talk about a diverse set of Bitcoin and cryptocurrency-related topics, and we’ve actually been doing so for seven solid months. (That seems like forever in crypto – in some respects, this hyper-warp-superspeed in the industry is actually unlike anything else we’ve ever seen.) And, while it may appear that we’ve zeroed in on Passive Income of late – we have, to an extent – we don’t want to forget about one of the “innovations” we created in April: the BRED Portfolio.
BRED is Like FANG for Crypto
FANG – Facebook, Amazon, Netflix, Google – gives investors exposure to the internet, social, digital, and the web, acting as a quasi-index fund for those who invest in that group. BRED aims to do the same: take a group of four cryptocurrencies that give broad exposure to the market, but each does its own thing:
- B is for Bitcoin (the “well, duh!” piece of the portfolio)
- R is for Ripple, which aims to upend SWIFT as the industry standard for interbank transfers, globally
- E is for Ethereum and OMG it seems like every ICO is using Ethereum’s smart contracts as their backing
- D is for Dash, whose consumer focus and community caught our eye from the get-go.
We started with a simple premise: a non-weighted fund that bought $2,500 of each of the four currencies and left it alone.
So, how is our hypothetical $10,000 doing?
September Was a Down Month
This is good, right? Your YTD growth is 2416%; you would have taken $10,000 and turned it into $250K.
Yes, you would have. But you also would have witnessed a bit of a pullback from the month previous:
But what’s $61,000 among friends?
Really, Though…Quite a Year!
Here’s what your month-by-month looks like:
So, if you want to talk about a “buy and hold” strategy for Bitcoin and its ilk, you may want to consider the BRED Portfolio.
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