How can I calculate the yield on my cryptocurrency investments?
Mohamed FawzyDec 16, 2021 · 3 years ago1 answers
I want to calculate the yield on my cryptocurrency investments, but I'm not sure how to do it. Can someone guide me through the process step by step?
1 answers
- Dec 16, 2021 · 3 years agoWhen it comes to calculating the yield on your cryptocurrency investments, there are a few factors to consider. First, you need to determine the initial investment amount and the current value of your holdings. Then, subtract the initial investment amount from the current value to get the profit. Next, divide the profit by the initial investment amount and multiply by 100 to get the yield percentage. It's important to note that this calculation doesn't take into account any fees or transaction costs. If you're looking for a more detailed analysis of your investments, you may want to consider using a portfolio tracking tool or consulting with a financial advisor. They can provide you with a more accurate picture of your investment performance.
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