In one month, shares are up 45%
In one year, shares are up 478%
And just this week, shares hit another all-time high.
You probably know by now that I’m talking about Bitcoin — the most popular cryptocurrency on the market.
And up until today, I’ve shied away from recommending Bitcoin, or any other cryptocurrency for that matter.
But that’s about to change…
You see, I haven’t recommend that you spend your hard-earned dollars in Bitcoin for good reason.
I’m a value investor. Meaning that I buy and hold undervalued assets for the long-haul. Dividends are more my style, fueled by the long-term trends that I talk a lot about in these articles.
That’s exactly the strategy I used back in my days at a hedge fund, where I managed over $130 million in client money. And that’s the same strategy that I’m using here at The Daily Edge.
And it’s worked out too!
The Daily Edge portfolio has been stellar this year — our biggest winners being Nvidia (NASDAQ:NVDA), Boeing (NYSE:BA), and Best Buy (NYSE:BBY).
So why change?
Well, the truth is, I’m not going to change my strategy…
I’m going to stick to what I know best — sending you recommendations for solid companies that benefit from the ongoing trends happening in today’s society.
But I’m also aware of the gains being made in the cryptocurrency space right now…
And believe me, I’ve read the emails you send to EdgeFeedback@AgoraFinancial.com.
Which is why I’m finally going to give my thoughts on how to RESPONSIBLY invest in the cryptocurrency market.
I have just 2 recommendations…
Recommendation #1: Allocation
First off, just because you are investing in a speculative market like this, that doesn’t mean that you should disregard allocation. In fact, you should turn to even safer investments in the other parts of your portfolio to compensate for the risky crypto investments.
Allocation is the key to consistent gains no matter what happens in the market.
So what I’m suggesting is that you take a small portion of your portfolio — less than 10%, for cryptos I’d suggest closer to 2% — that you can experiment with.
Keep in mind, this small portion should be money that you can afford to lose. If you can’t afford to lose this money, then don’t invest in the crypto-markets. I repeat — if you can’t afford to lose this money, then don’t invest in the crypto-markets.
Now, the next step is about where to invest. And this is about where my expertise runs out. Remember, I specialize in long-term equity strategies.
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Which brings me to condition #2…
Recommendation #2: Invest with Louis Basenese
One of my main concerns with the crypto-market is the ever-growing number of “coins” that are coming onto the market.
Right now, you can visit a site like coinranking.com and see the 1046 different currencies available for trade. (And I guarantee that’s not all of them.)
With all these cryptocurrencies coming on the market, investors don’t know who to trust.
How are you supposed to know which currencies have real-world value and which are worthless garbage?
That’s where Louis comes in…
Louis is another editor here at Agora Financial who focuses on technological breakthroughs.
Having directed over $1 billion for Morgan Stanley on Wall Street, followed by a 12 year career in Silicon Valley, Louis knows investing in tech.
And more recently, Louis has delved into the cryptocurrency markets to become one of the leading experts in digital currencies.
Long story short — Louis has done the hard work to uncover which currencies have a future, and which are worthless, thus eliminating at least some of the risk involved.
His strategies, which we’ll get to in a moment, are designed to minimize capital risk while still returning the huge gains that investors expect from these markets. And the best part, with his strategy, you won’t be spending $3500 for a single Bitcoin…
To get more information about Louis’ digital currency system, click here.
But if you do, remember my recommendations.
I’ll be back tomorrow with a rundown of the week and a few bold predictions.
Here’s to growing and protecting your wealth!
(article by Zach Scheidt, Editor of The Daily Edge)
If you found this article intersting, please Resteemit, upvote and follow me.
Cheers,
Al
wow how long have you been trading for?
Hi @goldsilverguide , my first buy was in 2013 (may) but trading is somenthing I have started recently, just over a year ago. Best of luck!