I like the first part of your plan, MS. You want to take some money off the table as the S&P is hitting new highs. And it is an election year. I am not giving you advice per se, but myself I did start moving old 401(k) money and a current one into "cash" last year. I figured something was due to hit the market hard. I did not predict the pandemic, of course, but my move turned out to be a good one as indexes plunged 35%. But... then they recovered.
Sometimes we forget what to do after we are proved right (even if we are right for the wrong reasons.) I probably should have put some of that cash back in for a quick stock market flip, but then almost everything is up nicely from the March lows. I invest in a variety of things from the cryptos mentioned here to the pinkies that make up the focus of iHub boards to blue chips in the Dow 30. So, it's not like I've completely missed out. I have a college-ruled notebook full of trades, with a couple pages just for plays post-correction, but it does feel like the easy money has already been made.
As for XRP, my guess is you have enough XRP, a lot more than I have. I keep moving money to Uphold every day, but that is mostly to UPUSD, with a sprinkle for cryptos on dips (like we have now; got some more ADA today). You generally want to sell into rallies and buy into dips, without worrying too much about perfect timing, because you aren't going to do everything in one fell swoop anyway (I hope).
If you do want more XRP, and buying more would still average you down, than get some more XRP (your choice, of course). If you are old enough (59 and 1/2), you can take your current 401(k), one that you are still contributing to every time your employer pays you, and roll it into something else. Maybe you are like me; I have an old 401(k), not because of a job change, but because my employer changed plan administrators. It's not a lot of money, just enough to get me in a little trouble. If you have something like that, where maybe you could create a self-directed IRA, I would love to hear how you did it; my lazy self has not gotten 'round to learning how yet.
PS 1% of 150 trillion is 1.5 trillion, not 15 trillion
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
