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The time has come to bite the bullet and reblance the crypto portfolio. It is a task that I've been putting off as I've had a number of more pressing real life assignments to finish for my study plus father responsibilities... and well... numbers are just numbers. Plus, there is a good deal of procrastinating as I don't want to hunt down everything to see what I can do with it...

As freelance musicians, my wife and I have pretty doleful superannuation eggs. In the last few years, I've been more dilegent about dripping something in every single month, but when you don't have mandatory employer contributions... well, it is just something that you forget about. However, this was always a known problem as a freelancer... so, we've always tried to dribble something into the superannuation as well as having other financial legs for retirement.

One of those legs was the cryptocurrency portfolio... and this last few months has seen that leg grow a little bit longer than the other legs of our retirement support plan. The cryptocurrency was always designed to be a long term, high risk bet that was to be written off as zero and not to be touched until it hit certain life-changing amounts.

However, after this recent bull run, it does seem like it would be a good idea to revisit that idea and skim off some crypto to redirect into our superannuation. It would mean that we have a more balanced plan for retirement. However it does meant that I would have to make some really hard decisions about which and how much crypto to sell off into fiat.

Of course, there is the element that we might be in the middle of a continuing parabolic bull run... and that I should hold off a few months longer. However, that sort of thinking is likely to send me into paralysis. I think the way that I should think about it is that what I take now is more than I had expected to gain in the beginning... and that if it goes higher, then I still have some skin in the game anyway!

I've already earmarked some small portions to sell off... but I'm finding it more difficult to hit the percentage target that I set for myself. Much of the problem is that a good chunk is locked in time locked smart contracts. Then, there are the projects that are promising but haven't had time to spread their wings.

So, some hard choices in the weeks ahead... but it is definitely the prudent thing to do. My wife and I aren't the so extravagant sorts of people, so we have always been happy with what we have. Most of this will be devoted towards our retirement and hopefully not becoming a burden upon our children in our declining years. If we are lucky, then we will have something to pass on to them as well...

... but like all things in this space. It feels like every decision to buy and sell has far reaching and profound consequences for the future. Perhaps it will be the right thing to do, or perhaps I should have held on more... or perhaps I should have completely dumped. Who knows... the main thing is that I don't look back after committing. I've done that a few times in the past, and that is a sure fire way to send yourself into the dumps!

So, no financial advice for anyone... but I do recommend that people start setting targets for themselves. It is a lesson that I have learnt slowly over time... a good thing never lasts forever! But be content in whatever choice you make... and the best way is to take the prudent middle way, and be happy with the amounts that you make instead of regretting the lost opportunities.

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
Kucoin: My second choice in exchanges, many tokens listed here that you can't get on Binance!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.