2020 and bang!

What a start to the year. On the first day of trading of 2020, the S&P 500 is up 0.9% and the Nasdaq is up 1.33%. Hopefully this is a sign of the year to come, but as always, what comes up must come down…. eventually.

As mentioned previously, I’m going to stick to my guns and ride the wave conservatively. I’m going to be looking to grow my position in couple value stocks in my portfolio in the coming weeks. I am kicking myself a bit for not doing this in November, but that is the life of investing.

While stocks have been on a tear, crypto has relatively quietly been on a downward slope since the spike mid last year. While crypto coin prices may not reflect this, blockchain has been trending towards acceptance at a rapid pace. The adoption has been much slower than crypto fans would like, but decentralization is the future and there is a great argument for an allocation of crypto in your portfolio.

I am unsure whether I am going to add more Bitcoin or Ethereum to my portfolio in the near future. I am going to do more reading and take a wait and see approach with the current market before pulling any triggers.