During the month of May, crypto-currency showed signs of possibly entering a Bear Market. There was a loss of value for the portfolio of $504.81. There was also a great deal of volatility too: a high of $2197.55 on May 10th and a low of $1182.30 on May 23rd.
Here are the stats for the first three months of the review:
Acquisition Cost: $1160.14 (Completed on February 11th, 2021)
Starting Bank for Review: $1273.27 (March 1st, 2021)
Minimum Bank: $1182.30 (May 23rd, 2021)
Maximum Bank: $2197.55 (May 10th, 2021)
Number of Profitable Months: 2/3
Current Bank: $1369.11 (May 31st, 2021)
Profit Since March 1st: $95.84
Profit Since Acquisition: $208.97
Return on Bank since March 1st: 7.5 %
Return on Bank since Acquisition: 18.0%
The graph below shows the daily value of the portfolio during March, April and May 2021:
The values each day are Noon amounts.
One can of course sell one’s portfolio at any time, but I will be following the official portfolio most likely for at least a year.
