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2Mes·

Hello getquin community,

I am currently investing 250€ per month in the $IWDA (-0,45%) and 2x 25€ in $BTC (-1,76%). My long-term goal would be an allocation of 70% MSCI World/ $IUSA (-0,16%)20% BTC and 10% individual stocks.

Now my BTC share has risen to 26% due to the price increase and I am considering whether I should sell part of it and switch to my ETF position when the price rises again. However, I would have to pay 27.5% tax on the gains.

I actually take a long-term view on BTC and would like to keep the position and expand it further. But it would also be tempting to take something in the bull run in order to buy more in bear phases.

What do you think? Does it make sense to take profits or should I just let the position run and focus on long-term growth? I would be delighted to hear your opinions - thanks for your input!

12 Commenti

Christoph@ChrisBizz

2Mes

I would perhaps simply suspend the savings plan on Bitcoin and increase the other savings plan accordingly until things have balanced out again.

But 6% above the target value is not much anyway, given Bitcoin's volatility. If it corrects a little more, things will look different again.

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jimtengo@jimtengo

2Mes

@ChrisBizz To be honest, I hadn't even thought of that, but it would be a good idea, thanks for that!

Due to the volatility, my thought would have been to buy a little more in the event of a setback

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stocker_porwy@stocker_porwy

2Mes

Profit taking has never made anyone poorer...despite taxes
The rest is a question of your personal priorities... if you don't feel comfortable with the now proportionally higher BTC share, take something out and invest it differently, if you want to take the risk and keep the chance let it run...hedging the BTC position downwards minimizes the risk...

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jimtengo@jimtengo

2Mes

@stocker_porwy That's true, of course. Because I have a fairly long investment horizon, my efforts to save taxes have always been very great and there haven't been many sales 😁
But an SL would also be a good suggestion, thanks for your input!

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Invesdos@Invesdos

2Mes

Well, 20% or 26% is not a huge difference and at €50 a month it can't be a huge chunk of money.

In any case, I'm leaving mine

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jimtengo@jimtengo

2Mes

@Invesdos For most people here, my portfolio is of course not a huge chunk, that's right 😄
I should finally break the 10k mark soon, which is the first important milestone for me. As a result, I am currently giving a lot of thought to how I can best achieve my long-term allocation.

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Silas@Bein-Godik

2Mes

I would not include BTC in the rebalancing for the time being. The volatility is too high, so you have to constantly shift back and forth. Just let the BTC run with your savings rate

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jimtengo@jimtengo

2Mes

@Bein-Godik Thanks for the comment! Due to the volatility my thought would have been to sell a small part and if the price should fall again to buy a little more and if not let the savings plan continue for the time being

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Kai@Dividenden-Sammler

2Mes

Simply weight your savings plans differently or suspend one at $BTC until your ratio is right again.

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Julian@MoneyISnotREAL

2Mes

When do you decide that today is the day X on which you want to rebalance to maintain your original composition?

Instead of fixed values, I would prefer to set limits, e.g. 20 - 30 %.
(in the overall calculation, this will result in < 100% oder >100%)

I don't have any crypto, but I would try to avoid the tax burden (1-year holding period). With your amounts, I assume smaller sums and as the previous posters have said, you can alternatively simply adjust the savings plans or let them run as before.

Things could look different in a few weeks: Bitcoin crashes, shares rise.
➡️Würdest will you then sell your ETF to buy Bitcoin to maintain the composition?

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jimtengo@jimtengo

2Mes

@MoneyISnotREAL My current thought would have been to sell part of my BTC position in the 95-100k range.
If it were to rise further, I would let my savings plan continue as normal or buy a little more in the event of a setback, as I would have a little more to invest thanks to the upcoming Christmas bonus.

My ETF position is currently still being built up. The current weighting is ETF/BTC/shares with 50/26/24.

Unfortunately, I'm from Austria and we no longer have a holding period. 🥲
So the holding period wouldn't really be relevant.

I should finally crack the 10K in my portfolio by the end of the year and actually wanted to be a little closer to my target weighting by then. BTC has accelerated the whole thing quite a bit in the last few weeks 😁

As my ETF position is generally set to grow even more, a setback in BTC and a rise in equities/ETFs would actually be an advantage for me.

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Julian@MoneyISnotREAL

2Mes

@jimtengo An alternative to selling and rebalancing would be a (partial) stop-loss sale.

10,000 will hopefully be significantly more one day and I think you are already thinking far too much about the weighting.

In my opinion, you can just let everything continue as it is and if you want to take profits on BTC, then go for it. It can go up or down. Who knows...

You'll always be smarter tomorrow than you are today. 🤷

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