How do you see a balanced portfolio? How do you see crypto investment as part of your portfolio?
High risk? Small percentages?
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How do you see a balanced portfolio? How do you see crypto investment as part of your portfolio?
High risk? Small percentages?
I like basic diversification that attempts to turn 2 or 3 income producing assets into compounding machines over the long term. Assets I like are dividend-paying whole life insurance policies, blue chip dividend stocks, and potentially municipal bonds or muni bond funds depending on where you live. Also rental real estate paid for with OPM.
I do view bitcoin as much more speculative therefore it should be a small part of the portfolio with money that can afford to be lost.
I agree with financeguy. You don't want to be "cheap" but you don't want to be foolhardy. An old thing I've heard was "take your age and subtract it from 100 - that number should be help with aggressiveness" I don't know how true that is but its pretty alright especially if you're young. Now that I'm older. I try to think in terms of being a bank. I do have a lendingclub account which pulls in about 6-8% a year. I also put just a little away in silver bullion for inflation. And then I do a some divis and like financeguy, i use cryptos as speculation and almost consider it like casino money - i go in willing to lose it --- not trying to lose it, willing to lose it emotionally.