Crypto / Crypto Wallets For My Kids · September 24, 2021 0

Setting Up a $3000 Wallet For My Kids

So in my previous post, I listed the crypto projects that were recommended to us. While we were doing our research into the projects, the most recent dip happened, and I figured we should jump in and make the investments FIRST (since they were on sale), and do the writeups after the fact.

With so many great recommendations, I did know that I didn’t want to invest in more than 5 projects for these wallets, because it wouldn’t make much sense to have $3000 spread too thinly. So I picked 4 projects for the combined wallet.

What projects did we end up investing in? For a relatively “safe and reliable” asset, we chose Polkadot and Ethereum. For “high risk, high reward”, since we’re a family of gamers, we went with Atari, since some of the stuff they’re doing seems right up our alley. I also wanted to invest in some ecosystem gems for them, but couldn’t really fully decide, so I went with a Solana Ecosystem gem; Raydium.

Here’s how I broke it down:

  • Polkadot: 30% ($900)
  • Ethereum: 30% ($900)
  • Atari: 20% ($600)
  • Raydium: 20% ($600)

I’ll admit that it was tempting to just put the entire $3k into Polkadot, because I believe it will do amazing in the next few months/years, but I wanted to diversify their wallet a little due to the amount of amazing projects out there. Ethereum is a no-brainer – I believe that after eth2.0, it will do amazing things. On the other hand, while Atari and Raydium are more risky, they also have a substantially higher ROI potential, and I feel pretty confident about both of them doing well a few months/years out.

Granted, I could probably get higher returns if we invested in the ecosystem(s) of Ethereum and Polkadot separately, but the goal was to have 2/3rds of the wallet be relatively “safe” for long-term investment, and both of these projects have amazing things coming down the pipeline that will increase their value substantially (in my opinion).

I also did not want to invest into separate projects for each wallet – so the amounts above will be divided between 3 separate wallets, 1 for each of my boys.

I’ll do a more in-depth write-up on these projects eventually, that way you understand some of my reasoning, but I just wanted to throw this update out there since it’s been a while since I posted anything about the kids’ wallets.

Zombie out.

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