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FOUR CRYPTOCURRENCY QUESTIONS Thumbnail

FOUR CRYPTOCURRENCY QUESTIONS

Cryptocurrencies are here to stay. Do they have a place in your portfolio? If you’re not sure, ask yourself the same 4 questions I ask when trying to determine if crypto should have a place in my portfolio:
  1. Do I want to invest, or do I want to speculate?
  2. If I don’t currently own currencies in my portfolio, what makes this currency special?
  3. Am I attracted to cryptocurrencies because my friends and neighbors own them, and I have a fear of missing out?
  4. Is the long-term potential really in the underlying currency or is it in the underlying technology, which many publicly traded companies will include in their portfolio (and which I already own)?