Troy Lindsey is a tech guru, a passionate musician, and an eToro popular investor. He started investing in crypto as a way to help musicians get paid directly P2P, but now he loves the space — and his portfolio went up 112% in 2021. Learn more in our latest Q&A.
Q: When did you first start investing?
A: I first started investing in the late 1990’s during the Dot com bubble. I lost everything but learned a very good lesson. I had a boss tell me the best way to invest is to set aside a percentage of my paycheck in a 401k, and forget about it. What I learned was that the DCA approach was much better than trying to time the markets. So when I first got into crypto I decided to treat it very similar to my 401K.
Q: What are your guiding principles when investing?
A: I truly believe that the DCA approach is the best and to use that approach to DCA out of the positions as well. I tried using the trailing stop losses in crypto but with the volatility it was difficult for me to manage. So I look for good entry points on some of the alts that I believe in, and rotate into BTC and ETH at good entry points. My goal is always to increase those 2 positions the most.
Time in the space and patience has also benefited me a lot because when it gets really volatile, I just step away from the computer and find healthy things to distract me.
Q: What are you looking forward to most in the crypto space?
A: For me being a small business owner and dealing with payment processing from customers, I look forward to smart contracts and true P2P payment. Also, when my family wants send money to our relatives in Russia, it’s fast, cheap and easy.
Q: Who is your inspiration in the business world and in your personal life?
A: One of my biggest influences would be Ray Dalio and his book “Principles” was really helpful. However at the time I read it he didn’t really support crypto, but he has changed his mind, and it made me appreciate him more.
Q: What is one thing about you that you’d want your copiers to know?
A: I have worked in aviation for over 30 years, and in that time I have worked all over the world. I have first hand seen what unbanked truly means in the Amazon jungles and in Borneo.
I have also owned, and currently operate a couple small businesses. I think that if you enjoy what you’re doing the monetary outcomes are secondary. If you build a good business, you will be rewarded in many ways, including financially. However, don’t make it your primary goal making customers happy should come first.