Portfolio Recap for 2022
Here's an image of how my portfolio has done compared to the market. Overall, my experience was less volatile than the market and in the end, despite enduring a decrease in portfolio value, my portfolio has outperformed the S&P 500.
There are a ton of crypto purchases throughout the first half of 2022 and then I stopped by the time I reached the middle of 2022. The main reason why I was big on crypto in 2022 was that in university, I was surrounded by friends that are into crypto, and being a part of the university's blockchain club inspired me to start buying more crypto. Besides $BTC.X, any other coins I bought were all bought mainly because they offered staking rewards.
Crypto remained a small part of my portfolio. Most of my portfolio is in $QYLD $O $STAG and $ADC. I initiated these positions during the later part of 2020 because I wanted to get away from the risky investments that I benefited from buying and move into investments that are safer and provide consistent income. At the time, I thought that the whole rebound in market performance wasn't sustainable. 2021 proved me wrong as things got even wilder and despite the FOMO I endured, I kept sticking to those dividend-paying stocks.
In a way, my crypto purchases during 2022 displayed the FOMO I had. Because I was able to control my FOMO, my crypto position remained a small portion of my portfolio.
I'm thankful that I chose to stick to the more conservative investments than chase the high-flying tech stocks. I'm thankful that I got to dip my toes in crypto. While I underperformed the market during the good times, I was able to outperform the market during the bad times. In the process, my monthly dividend income continues to grow and I continue to reinvest more dividend income into those same stocks.
As for my crypto position, I'll let my crypto portfolio remain the way it is. Since my crypto funds are either on the Coinbase exchange or Coinbase wallet and not FTX or somewhere else, I'm not stressing over crypto winter. The staking rewards will continue to be reinvested and I'm excited to see how many coins I have once crypto winter is over.
Everyone will get their time to shine. We just have to be patient and stick to our strategy.
I might be young, but I prefer consistent dividend income over the prospect of capital gains.
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Congrats on beating the S&P! You're in rare company with performance like that lately :)