Road to Retirement: Crypto crash offers lessons for investors
— Help safeguard investors, Diversify, Thinking, Money back, Opinions referenced, Investors, Operational risk, Important, Chase big gains, Play — 1 min read
The recent collapse in price for some crypto assets offers important lessons for investors. A well-diversified portfolio should consist of a few fundamental asset classes such as stocks, bonds, real estate (if you can) and cash for emergency needs. The more diversification you have, the less any one investment can do you harm. With any speculative asset, you should always assume it can go to zero. So don’t invest more than you can afford to lose. If you venture into new and unproven areas, do it carefully and on top of a foundation of diversification. It’s alright to invest in new things. Some are the real deal, transform the business world, but many end up on the scrap heap of finance. Source