Note to Self 5

Invest in index funds when you have the chance....

• Index funds cost less. Passive funds require less legwork, so they typically charge lower fees than actively managed funds. In managed funds, high fees can easily eat into any returns gained by the broker.
• They can achieve higher returns. Indices have been proven to frequently beat the average returns achieved by fund managers over many years. Coupled with lower fees they make good investing sense.
• Ease of trade. Many ETFs listed on the ASX are index funds, which are easily accessible on broking platforms.
• It can diversify your portfolio. Investing in an index fund offers access to a range of companies from various sectors.
• They're relatively safe. Index funds are considered a safer alternative to direct stock market investing because indices are generally less volatile than individual stocks.

From: https://www.finder.com.au/how-to-invest-in-index-funds

Note to Self 4

I think I will end up playing around with Gekko....

https://medium.com/@BlockchainEng/crypto-trading-bot-with-gekko-on-binance-day-1-testing-reflections-fbfe906acbb6

https://github.com/xFFFFF/Gekko-Strategies

https://github.com/crypto49er/BalanceLimitGekko

PS. binance seems to be the way to go in regards to what exchange to use.

Note to Self 3

https://tradingbot.info/results/
https://www.hodlbot.io/blog/ultimate-guide-on-crypto-trading-bots

Should I use Gekko though Gekko is not a high frequency trading bot:
https://www.coinbureau.com/education/gekko-trading-bot/

Note to Self 2

A figure on how much I can expect to make with trading bots....

"If you are looking to make 3-6% per year on your crypto holdings with a trading bot, you will probably find something that works for you. There are many low risk trading strategies that do produce returns, and an algo will make sure that you don’t lose your discipline lunging for the brass ring."

From: https://blockonomi.com/bitcoin-trading-bots/

How to invest in real estate with little capital

"So how can you gain the benefits with little capital, or while not living in an ideal location?

The answer is: investing in companies that hold useful real estate worldwide. These companies are called Real Estate Investment Trusts (REITs). There are many of these companies and some are better than others. But the general idea is that they purchase valuable real estate with residential, commercial, or industrial purpose and then earn steady returns over the years by leasing it to people or business."

From: https://www.publish0x.com/passiveincome/real-estate-is-the-greatest-wealth-generator-of-all-time-you-xllyded

Note to Self 0

"There are many different kinds of bots to suit different market conditions and individual needs. Different types of bots are known as different strategies.

For example, "scalping" is a strategy for making small but consistent profits in a sideways market. A "scalping bot" would be designed to automatically place the trades required to shave those profits out of the market. Scalping could be the right strategy for a sideways market, but wouldn't be ideal in a more bullish or bearish situation.

So the first challenge is to know which kind of strategy to use at different times. The second challenge is to find a bot which can effectively execute that strategy based on market activity and signals."

From: https://www.finder.com.au/cryptocurrency-trading-bots

Current Plan

I've been thinking....I will put my cap at 30K on my frontline for cryptotab. And at this point I will cap all of my 'risky' investments. I will then divide what i earn from then on into two 'streams'. The first stream will be what I make in fiat from hard labour. This money I will divide into the following proportions: 2.5% to charity, 7.5% spend money, 10% back into risky investments,  30% into moderate-risk investments such as shares, and 50% into absolutely safe investments like a basic savings account in my local bank. The second stream will be what I make from crypto. This I will divide into the following proportions: 20% back into my freebitco.in account to earn interest, 80% I will sacrifice to my trading bot. Of that 80%, I will put what I make in bitcoin back into my freebitco.in account to earn interest, what I make in fiat I will divide 10% back into risky investments, 30% into moderate-risk investments such as shares, and 50% into absolutely safe investments like a basic savings account in my local bank. This I will do until I reach 50K per year in absolutely safe investments.