| Charles Sizemore, Co-Editor, Green Zone Fortunes You know me as the retirement guy, the dividend guy, the conservative, stodgy investor guy. Well, today’s Investing With Charles is all about crypto. Why cryptocurrencies, and why now? It’s where the action is. Fortunes are being made. We want to have some exposure here. But I'm not going to recommend you sell all of your workhorse dividend stocks to fund your crypto portfolio. That’s crazy! Instead, I want to tell you my approach to this ever-evolving market. You could call it: A “conservative approach to crypto.” 
How Much to Allocate Toward Cryptos You can get any two investors in a room and they'll argue about position sizing. The big thing to keep in mind with cryptos is that this stuff could go to zero. I don't think it will. I think cryptocurrency will be with us for a while. But individual cryptos will go to zero. Bitcoin and Ethereum have been around longer and are more likely to stay the course. But even they may be eclipsed by something newer and better. So you have to ask yourself: What percentage of my portfolio would I be comfortable losing? For me that number is 2-3%. I wouldn't be happy about losing 2 or 3% of everything I've spent my life working for. But it's not the end of the world. Would I be willing to wage 10%, 20%, or more of my net worth on a cryptocurrency or, or even all cryptos in aggregate? No. That's too much money for me. I'm not comfortable taking that amount of risk. Cryptocurrency is not something you want to bet the farm on. 2% to 3% is a nice rule of thumb. There's a lot of room for wiggle on that. If you are younger, or your nest egg is smaller, you can invest a higher percentage. But the key takeaway is: Don't put more into cryptocurrency than you can afford to lose. Think of it as kind of a small-cap or micro-cap stock. You're not going to put the same amount of money into some micro-cap marijuana stock than you would in say, Microsoft or Amazon. Click here to see how I approach the crypto market, and my No. 1 crypto holding.
| Most have heard of the problem. Few understand what it really means. | |
A Real Crypto Expert I am not an expert in crypto. It’s a very exciting asset class, and we want to be a part of it. But if you want someone that has dug into cryptos, you need to check out my colleague Ian King. He's forgotten more about cryptocurrencies than I'll ever know. Ian’s track record within the crypto space is incredible! It shows top gains of 3,900% in three months (on half a position) and 1,900% in four months (again, selling half a position). The other half of that one is up over 12,000% over 11 months. This is a difficult space to navigate on your own. And Ian is ready to be your guide. Click here to watch his presentation on “Crypto’s Third Wave” now. To safe profits, 
Suggested Stories: How I Found the Stock Market "Cheat Code" Find Semiconductor Supply Chain Profits (High Growth Stock to Buy)
| 
1928: Disney releases Steamboat Willie, the first fully synchronized sound cartoon, featuring Mickey and Minnie Mouse. November 18 has retroactively been considered Mickey's birthday by the Disney corporation. | |
Privacy Policy
The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482.
To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance.
The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: https://moneyandmarkets.com/contact-us/
Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Money & Markets, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail.
(c) 2021 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471)
Remove your email from this list: Click here to Unsubscribe | | | 
No comments:
Post a Comment