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RE: Back It Up

in LeoFinance7 months ago

Interesting sharing. Hmm, I think it depends on what the definition of bold is. From a personal assessment perspective, I would give myself 8, because I take a lot more risk when it comes to investing compared to people around me.

Then again, I am a believer of an investment is only risky when one doesn't know or understand the product. If one knows what they are getting into, and is aware of the risks, then I don't see what's so "high risk" about the investment.

It's also a matter of perspective sometimes. I came across an article somewhere - the writer wrote people always say cryptos are risky and "one could lose it all", and hence, people shouldn't invest in them. But if you reframe, a portfolio of 98% cash and 2% bitcoin would have outperformed a 70% equity and 30% bond portfolio over the past decade or something. And the first portfolio is actually less risky because the worst loss is only 2%, while equities and bonds can fall 20-30% on some years. So are cryptos really risky? Haha.