Kyle’s 2024 Crypto Portfolio Breakdown
A Gift To You To Start The Year
👋🏽 Hello everyone, gm gm, WELCOME BACK to another edition of the Overpriced JPEGs newsletter!
What you’ll read below is a premium onchain report published by Kyle Reidhead from Web3 Academy, who have joined up with us to write + curate in-depth, quality content directly in your inbox!
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2024 is going to be a big year for those investing in crypto.
As always, I want to make sure you make the most of it.
That’s why today I’ve decided to share my exact portfolio going into this year. 👀
I’m going to share the assets I hold, where I put those assets to work and the % share across my portfolio.
This doesn’t mean that you should copy my exact portfolio, as we all have very unique financial situations and needs. However, this should give you an idea of what a well researched portfolio looks like.
My expectations for this bull run are to 5-10x my portfolio, which is wild considering I already did a 3x across my portfolio in 2023. This space is truly amazing!
For more information on how I think about setting up my portfolio, check out last month's PRO report called: How To Build Your Portfolio For The Bull Run.
Keep in mind that knowing what I hold is only one part of the story. Understanding when to sell each asset is even more important.
This is why you should never blindly follow someone else’s portfolio.
While this will be different for all of us, in next week’s PRO report I will be sharing my “When To Sell Plan” to all PRO members.
Heading into a big 2024, this should give you the foundational information you need to succeed in investing in web3.
Context for today’s report: I have an onchain portfolio as well as an offchain portfolio. My onchain portfolio is about 5x larger than my offchain one. I will share both portfolios below.
What’s not included in here is my cash and cash-like investments (treasuries), real estate, and businesses I own. These are my “hedges” in case the crypto industry collapses for whatever reason.
Ok, let’s get into it!
I will share each asset in order of largest to smallest allocation across my portfolio.
$ETH (55% of Onchain Portfolio)
My highest conviction investment by a longshot.
I believe that $ETH has the potential to become one of the most important assets in the world one day. The rest of my portfolio is compared to $ETH in terms of risk/reward.
Most of my $ETH I don’t plan to sell, however I put plenty of it to work to earn additional APY (yield) and airdrops. I have recommendations and links for you below to do the same.
Below is my current $ETH setup:
Staked ETH
58% is held in $rETH on my Ledger earning ∼4% APY
15% is held in $stETH on my Ledger earning ∼4% APY
Airdrop Farming
5.4% is held in $STONE on Manta Network earning ∼4% APY and is farming the $MANTA airdrop.
If you’d like to farm this airdrop, you’ll need an invite code. Here are a few that you can use. (Hurry as there’s 1 link per user).5.4% is held in $swETH and restaked on EigenLayer, earning ∼4% APY + restaking APY (% TBD) and is farming the Swell and EigenLayer airdrop.
To use Swell and farm the airdrop, follow this link here.
To use Eignlayer, follow this link here.
P.S. Be careful of fake links on the internet, especially for apps soon to airdrop a token. I recommend using the links I share in the article to be on the safe side. Also I get referral points, so it helps me out too 🙂5.4% is held in $eETH (a liquid restaking token), earning ∼4% APY + restaking APY (% TBD) and is farming the Ether.fi and EigenLayer airdrop.
To use Ether.FI and farm the airdrop, follow this link here. (This one is much cheaper on fees as you only need to swap once)5.4% is held in $rETH and restaked on EigenLayer, earning ∼4% APY + restaking APY (% TBD) and is farming the EigenLayer airdrop.
To use Eignlayer, follow this link here.5.4% is just vanilla $ETH held on an old Trezor hardware wallet, this $ETH hasn’t been touched since I bought it for $150 in 2020!
This Cycle’s Plan for $ETH:
I don’t plan to sell any of my $ETH held onchain this cycle.
I have a decent sized position in an ETH ETF within my Tax Free Savings Account (TFSA) that I plan to convert into $USD later in the cycle for life purchases (tune into next week’s ‘When To Sell Plan’ for details).
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Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.
Nice.