In this help article we will be going over how to build your first portfolio after signing up for a Shrimpy subscription.
Step 1: Select the "Automation" tab
We will create our first portfolio by going to the “Automation” tab and clicking “Create a New Automation”. You will see the above screen asking you if you wish to pick your own assets or create an index. You'll want to choose "Pick Assets" which will lead you to the screen below. This is where you will select your assets.
Step 2: Add Assets to Your Portfolio
Clicking the “Add Asset” button will present a popup with the assets you can select to include in your portfolio. Select the assets you wish to have in your portfolio.
Step 3: Select Portfolio Allocations
Once you’ve selected your assets, it’s time to pick the percent allocations you would like to maintain for each asset. Essentially, select how much of each asset you want to keep in your portfolio. In addition to the asset allocations, don’t forget to select a “Rebalance Period” on the right side. Once you’ve selected your asset allocations, save your portfolio and your rebalance period.
Note: Selecting a rebalance period is not mandatory. You can still allocate your portfolio by leaving the rebalance period as“manual” and continuing to the next step.
Step 4: Select the portfolio to automate
Once the automation has been saved, we must select "Start Automation". Once we select this button, we will see the different portfolios we can begin automating with this automation. Select the portfolio you want to start automating here.
Step 5: Allocate Your Portfolio
The “Rebalance Now” button found within the actions menu is the way you let Shrimpy know you want to perform trades immediately. Once you hit that button, it will perform all of the necessary trades to reach the portfolio allocations that were specified in your portfolio in the last step. If your portfolio has already been created and is close to your target allocations, it will simply realign your allocations to match your target allocations.
Congratulations! You have successfully set up your first cryptocurrency portfolio! In order to manage your cryptocurrency, all you need to do is log into Shrimpy and adjust your portfolio whenever you need.