November 2023... A Nice Balanced Wealth Portfolio... Errr...?

So I'm in a pretty, let's call it interesting position wealth wise at this point in time!

By interesting I mean this...

Yeah that's almost 90% of the wealth in crypto!

Maybe another way of putting it is 'oops', or 'mental', or perhaps 'nice one'....?

NB this is excluding pension wealth, I'm not even sure how much that's worth, but it'll yield around £10K a year, a living wage once I've got the mortgage paid off, which is in site, hence why I can be so relaxed about being 90% in crypto.

Of course the thing with crypto is had I drawn this pie chart a month ago, that orange sector would have been a bit smaller.

And if I draw it again this time next year it might considerably bigger, of course that's what we're all banking on, right...?

This just sort of happened....

I haven't actually taken anything out of my Premium bonds for years, or gold/silver, or added to either.

I did sell a bunch of shares a couple of years back to buy land in Portugal, but I was up about 200% on those at the time, so I was happy with that. I've since sold that land and the money is now sitting in cash savings, the problem is a lot of that I'm sort of saving for tax payments and other buffers so I don't really count it as wealth!

As to crypto, i haven't bought any with fiat for years now either, that just does what it does... up and down, down and up!

I have been skimming a little out over the years, always below the UK capital gains threshold, but that hasn't found its way into other forms of wealth.

Income's been a bit tight of late, so it's just got spent.

Although things are looking up again now, and if I start earning enough to put away for tax, rather than looking at my cash savings as just the next year's tax payments, then effectively my cash amount goes up!

My next priorities I think are to simply increase my shares, maybe look at some dividend payers, and maybe a little more gold and silver.

Not so imbalanced if I factor in the house...

If I were to go digital nomad I could regard the house as an asset, but that's the only way I could really included it in my wealth.

If I'm living in it, it's just that: something I use, not a yield generator, but this helps put the crypto in perspective.

It'll be interesting to see this time next year whether the orange is larger than the blue, I think it will be.

Maybe a nice reminder that if that happens it's time to really start expanding the greens, yellows and dark blues!!!

I think it's maybe time I started diversifying OUT of crypto a little!