Letter 105: Reader Portfolio Review
Going through a reader's crypto portfolio, token by token
A few weeks ago when I did my own portfolio review, I put the call out to ask if any readers might want to send in their own portfolios and have me review them in a post.
So today we’re doing just that and looking at a portfolio that was sent to me. In order to keep their identity private, I will refer to the reader as Jimbo. For some context, Jimbo’s portfolio is in the mid 5-figure range.
This is the first time I’m doing this publicly, but I have on many occasions over the years looked over other people’s portfolios and offered them my thoughts. I always find it an interesting and insightful experience because looking at someone else’s portfolio forces you to think about stuff you might not normally think about.
We’re usually all just looking at our own portfolios non stop, but this can cause us to have blinders on for certain things.
Anyway, there’s a lot to like here. But there are a few things I’d question too.
Let’s get into it.
The Overview
First, let’s look at Jimbo’s portfolio from a high level. Here’s how it breaks down by token and by category:
*note that tokens with less than a 1% allocation weren’t listed, so that explains why the numbers in the top chart don’t add up to 100.
Some high level thoughts first.
Venture at 29% immediately stands out as “very high”. That’s a lot more than most people have in venture / angel / early stage investments, and is more than I would generally recommend. We’ll look at the exact venture investments in a bit more detail below.
Overall the number of tokens is not too high which I like to see. This seems like a manageable portfolio to me, and not an unruly one.
No BTC exposure is interesting.
HYPE dominating the L1 exposure is interesting.
Those are my initial thoughts. Nothing seems glaringly bad or cause for alarm, but there are probably some ways we can optimize it too.
Now let me go through each holding one by one.