BitSwap is a new platform that searches through decentralized exchanges to offer the best possible deal for token trading. Anyone who has made money through cryptocurrency should consider diversifying their portfolio. Financial YouTuber Graham Stephan suggests selling at least half of cryptocurrency investments and reinvesting into low-risk options like index funds or real estate. Although, they also acknowledge that it’s smart to invest an amount you wouldn’t be devastated to lose. While an index fund is the easiest option, putting a deposit on a duplex or triplex to live in one while renting out the others could be a good investment in the long term.
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The Intersection of Traditional and Cryptocurrency Investments with Graham Stephan
Graham Stephan, a well-known financial YouTuber, recently sat down to discuss his thoughts on traditional and cryptocurrency investments. While he specializes in more traditional investments such as real estate, he is not dismissive of cryptocurrency investments.
The Best Way to Hedge Your Wealth in the Traditional Market
For those who have recently gotten rich from cryptocurrency investments, Stephan suggests diversifying your investments. He recommends selling off at least half and investing in index funds or real estate. By spreading your money around, you are less vulnerable to the volatility of the cryptocurrency market.
Stephan’s Thoughts on Bitcoin
Stephan was initially skeptical of Bitcoin but was intrigued when bigger corporations began investing in it. He currently has around 2% of his net worth invested in Bitcoin and Ethereum, and he plans to dollar-cost average over the long term. He is treating it like any other investment and is willing to hold it for 50 years.
The Importance of Investing What You Can Afford to Lose
Stephan emphasizes the importance of not investing what you can’t afford to lose. He recommends not overextending yourself, as it can be a gut punch when things go wrong. Additionally, he suggests investing in areas with lower barriers to entry, such as index funds or putting a down payment on a duplex or triplex.
What Makes a Good Investment?
According to Stephan, a good investment is one that makes money. When it comes to real estate investments, he recommends investing in properties that will appreciate over time and generate income to cover the cost of the mortgage and property taxes. Diversifying your net worth in this way can help mitigate risk and maximize returns.
