Funding Money

After two years of pandemic that continues in 2022 despite the mask tossing, I kind of figured 2022 would be like that April refreshing spring weather but it's not better so far with inflation taking a bigger hit on my wallet from groceries to gas.

Where does one get the extra funding to invest on a modest income when inflation and rising interest costs tip the scale to the unbalanced side of expenses. For now, it's sacrificing some of the smaller pleasures in life and putting off some purchases I wanted to make that can wait until later.

I do a lot of browsing through stock and crypto related sites and pause more on individual views/experiences that I can relate to and not totally about self promotion.

I'm into weekly and monthly funding of my investing monies to put into the Markets and do "dollar-cost averaging". However, I adjust when I see an over inflated stock price that I'm interested in and figure it will eventually come down in price. The goal is to 'buy low' but of course no one can 'time' the market when looking for that set price one has in mind.

Anyway, I came across a popular investor and as a project he details the progress of investing a $100 each week into dividend paying stocks. Cool and that's along the lines what I do. Surprisingly, the results are about the same as his dividends increase over time as he totals them based on a year of distribution payments.

I also reinvest all my cash dividends paid until I'm satisfied with the monthly totals but that may continue for a long time where I enjoy the experience of reaching higher goals as I follow the BTSX strategy and other stocks/ETFs.

In Crypto related ... I like the boost in price both BTC and Ether have seen lately but hesitant to add any more funds at this time where they could slide back at any time from their current highs. Judging their low or bottom prices going forward is more a challenge these days and I don't rely on all the price forecasts out there in the news and on social media. They are rarely accurate.

I figure it's a good time to Hold, or Hodl and wait it out. 

The Terra outfit with their coin LUNA (currently in #8 spot with Market Cap) is very popular these days as this outfit is steady buying large amounts of Bitcoin to back their TerraUSD "stable" coin UST.

One factor of many that has had a positive influence on the price of Bitcoin lately. 

To wrap up about LUNA, it's over $110 now and fluctuates in price like all coins except stablecoins and there is a one million dollar bet between a Terra investor and the dude who started Terra with the investor betting LUNA'S price will be around $80 USD this time next year. Looks like a reasonable price range after the current popularity dies down some but big bucks to wager from dudes who have money to throw away on wagers.