Bulls, Bears and Ballots
During a presidential election year, investors tend to seek a connection between who wins the White House and which way stocks will go.
In part 1 of our three-part series, we introduced cryptocurrency in general. Next, let’s explore the challenges and opportunities that exist for those hoping to earn, store and spend their bitcoin or similar cryptoassets.
Given the challenges, no wonder one tweet from a celebrity can still send a bitcoin’s spending power sinking or skyrocketing overnight. You don’t generally see that from a dollar bill!
Still there are many who believe cryptocurrency is here to stay. Are they right? Will cryptocurrency prevail, and ultimately become a widely accepted means of exchange? If so, which ones will sink? Which will swim? Under what circumstances?
We wouldn’t bet your life’s savings on any particular outcome – which brings us to our next topic of conversation: Does cryptocurrency belong in your evidence-based investment portfolio? Our short answer is no – at the very least, not yet. In part 3, we’ll explain why.
This post was prepared and first distributed by Wendy J. Cook.
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During a presidential election year, investors tend to seek a connection between who wins the White House and which way stocks will go.
What do you do if you receive a big bonus at work, inherited some money or enjoyed a recent windfall you would like to invest?
Unfortunately, as human beings, we are prone to behavioral tendencies and mental shortcuts that do not always work in our favor.
The trade-off between risk and reward is a key part of any investment strategy. But risk means different things to different people.