Should You Invest in Crypto?
Cryptocurrency, whether we want to admit it or not, has been the top-performing asset class of the last decade. For years, financial professionals have cautioned investors against investing in it, and for good reason. However, the potential for profit in this asset class remains. So, what should you do? How should you approach investing in crypto if you decide to? We're breaking it all down for you. Don't miss out!
Key Topics:
Crypto: To Invest or Not To Invest… (00:20)
Reason #1 for Crypto Investment Loss: Poor Sell Discipline (04:20)
Reason #2 for Crypto Investment Loss: Crypto Occupies Too Much of The Portfolio (06:30)
Reason #3 for Crypto Investment Loss: Chasing that “Volatility High” (07:45)
Reason #4 for Crypto Investment Loss: Lack of Responsible Tax Reporting (09:00)
How to Responsibly Invest in Crypto #1: Crypto Should Occupy No More than 5-10% of Portfolio (10:15)
How to Responsibly Invest in Crypto #2: Have a Definitive Exit Strategy (11:10)
How to Responsibly Invest in Crypto #3: Buy Low, Sell High (13:23)
Recap (15:52)
This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice.
Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/
If you need specific advice you can contact us at [email protected] or at: https://www.mdrnwealth.com
Смотрите видео Should You Invest in Crypto? онлайн без регистрации, длительностью часов минут секунд в хорошем качестве. Это видео добавил пользователь John Boyd, CFP® 20 Март 2024, не забудьте поделиться им ссылкой с друзьями и знакомыми, на нашем сайте его посмотрели 29 раз и оно понравилось 2 людям.