The idea. Start my own managed index fund. It's not original nor guaranteed to even make money, but I am bored and could use the challenge. I know there is the Bit20, that does pretty much exactly what I am doing, but again I want the challenge.
BLUF: $200/month to purchase the top 20 coins according to CoinMarketCap using Bittrex exchange.
I have a healthy crypto portfolio as it is and I won't be touching that or changing my current investing/trading strategies. This will be in addition to my regular trading. Every month I will either rebalance, or add new coins as they move up and down the ranking list.
I like Bittrex the best out of all the available exchanges, and they have a large selection of coins.
I am still working on my google sheets template to start it off, but as soon as a semi working version is ready I will share the link here for critique and suggestions.
I plan to start this on July 1st.
I have been spending most of my brainstorming power on the most important piece. The name.
So far I have:
- Donaldo's Fund. (old nickname in high school/middle school Spanish class)
- Fun.D ( My name is Don, so just a play on the word fund.)
- TOP20 (sounds like a Sunday morning radio station program)
- SPRK (I love sporks, so why not)
I am leaning towards either SPRK Fun.D, but I could be swayed to something else.
After the purchases are made I will write a post with everything to keep a running tally.