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However, some have decided to unload some of their Bitcoin in favor of other investments.
One of these sellers is personal finance expert Jaspreet Singh, creator of the YouTube channel Minority Mindset.
Also see other cryptocurrencies worth investing in now.
Singhs Investment Portfolio
Singh began buying Bitcoin in 2017 at $3,035 per coin.
The value of speculative investments can rise and result in profits but can also drop significantly.
While he firmly believes in blockchain technology, Singh also knows the risks.
In the end, with speculative investments such as Bitcoin, you dont make money unless you sell.
Income-generating assets such asreal estate and dividend stocksmake up most of Singhs portfolio.
These assets provide him with cash flow.
The coins high value also allowed him to sell and capitalize on large profits.
Singhs Investment Goal
There are many different investment strategies and goals.
You may choose to continue holding and investing in Bitcoin.
Converting Bitcoin into real estate benefits Singhs goal for multiple reasons.
Real estate is a hard asset that you could see, feel and touch.
Specifically, Singhsmain investment goalis to receive a 7% cash-on-cash return.
This means purchasing a property for $100,000 should result in an annual profit of $7,000 after expenses.
In real estate, investors can receive higher tax deductions through depreciation.
Depreciation allows you to take the value of your property and write it off over several years.
Overall, Singhs investment strategy is about stability, and cash flow provides it.
Because Bitcoin is constantly fluctuating, Singh cant predict how much money he will have in the future.
Singh must first pay taxes on his Bitcoin gains, which can be a complicated matter.
For this, Singh uses an accountant to ensure hes filing everything accurately.
On top of that, finding a good deal in todays real estate market is also a challenge.
However, he points out that there are always opportunities for good investments out there.
Because real estate will provide him withstability and cash flow, hell find a way to invest.
How You Should Invest
Everyone has different investment strategies and goals.
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