Please disable your adblock and script blockers to view this page

3 reasons cryptocurrency might be the wrong investment for you, according to a financial planner


Free
Netflix
the Culture of Reinvention”Get
FOMO
CFP
Connect
Disclosure


Anthony Carlton

No matching tags

No matching tags

No matching tags


Libro.fm

No matching tags

Positivity     49.00%   
   Negativity   51.00%
The New York Times
SOURCE: http://www.businessinsider.com/personal-finance/reasons-cryptocurrency-wrong-investment-for-you-2021-6
Write a review: Business Insider
Summary

After reviewing the pros and cons, you'll have enough data to know if crypto is a good fit for you and your financial goals.Here are three perfectly good reasons not to invest in cryptocurrency.If you check your investment app multiple times a day and get anxious over losing 5, 10, or 20% in a few hours — cryptocurrency probably isn't for you. Instead of asking, "Is cryptocurrency the right investment for me and my goals?", the fear of missing out on overnight riches drives the buying decision. Without a plan or framework for how you'll invest in cryptocurrency alongside your other goals, this mistake could cost you in the form of stress, delayed goals, and money that could've been invested smarter.A better reason to buy: You've reviewed your goals, investments, and overall plan. After a deep dive, you've decided what percentage of crypto belongs in your portfolio (typically a small percentage, 1-5% is appropriate for long-term investors), and you're ready to take the leap with a plan in place.Everyone has multiple goals competing for their paycheck. Answer this question to guide your buying decision.A better reason to buy: If you're on track with your goals and want another opportunity for growth, crypto has a ton of potential as a moonshot investment.

As said here by Anthony Carlton