Do I just HODL?
What should I do with my MSTR and BTC holdings? I hear a lot of people say sell covered calls but I don't know what that means. I will watch youtube videos on this when I am free. For context, I am a doctor in my early 30's. I don't know shit about much else in life. Currently I hold ~216 MSTR shares at ~$140 average and >2 btc at ~$48k average. Also around ~$35k split between MSTR/IBIT in my retirement fund that I can't touch until 65. The issue is I don't have time to constantly check markets due to work and basically I am all in on this. Is just holding onto this the best thing I can do? At the moment I am stacking BTC as I can't buy anymore MSTR, because if I do I would get taxed (dumb rule in my country). Also when would you guys sell? I have plans to buy a car and house in the future but it would break my heart to sell either of MSTR or BTC. Should I just take out a loan to buy those things. Should I talk to my financial advisor? I know someone that is pro BTC so they may be able to give me more advice. I don't earn a lot. About 53k USD after tax annually. Don't get me wrong I am very lucky but it's not a lot considering how much other assets cost and are appreciating in value. Just hoping to get your thoughts on this. Thank you for reading. submitted by /u/mstrineedhelp [link] [comments]
What should I do with my MSTR and BTC holdings? I hear a lot of people say sell covered calls but I don't know what that means. I will watch youtube videos on this when I am free. For context, I am a doctor in my early 30's. I don't know shit about much else in life.
Currently I hold ~216 MSTR shares at ~$140 average and >2 btc at ~$48k average. Also around ~$35k split between MSTR/IBIT in my retirement fund that I can't touch until 65.
The issue is I don't have time to constantly check markets due to work and basically I am all in on this. Is just holding onto this the best thing I can do? At the moment I am stacking BTC as I can't buy anymore MSTR, because if I do I would get taxed (dumb rule in my country).
Also when would you guys sell? I have plans to buy a car and house in the future but it would break my heart to sell either of MSTR or BTC. Should I just take out a loan to buy those things. Should I talk to my financial advisor? I know someone that is pro BTC so they may be able to give me more advice.
I don't earn a lot. About 53k USD after tax annually. Don't get me wrong I am very lucky but it's not a lot considering how much other assets cost and are appreciating in value.
Just hoping to get your thoughts on this. Thank you for reading.
[link] [comments]