Savings tips for 2021
It seems there are multiple news stories about cryptocurrencies every day. It is a favorite topic of conversations with Millennials and Gen Zs as the investment opportunity of a lifetime. Understandably, we frequently get questions from clients about the topic. Here are some current facts and our thoughts about crypto and whether it has a place in a long-term investment portfolio. In addition, we are including an article and video from Dimensional Fund Advisors with more detailed information.
What is cryptocurrency?
Where do you find it?
One can buy full coins or fractional coins through exchanges like Coinbase, Binance and Gemini.
Buyer beware: Exchanges are not secure.
Other details to consider
Is it appropriate for my long term portfolio?
This is an important question. As a fiduciary we do not recommend cryptocurrency for a long term portfolio for the following reasons:
Feel free to contact Mosaic Fi with additional questions!
Jenifer Aronson is the Founder of Mosaic Fi.