Does Cryptocurrency Have a Place In Your Portfolio?
Has all the attention to “Bitcoin” and “cryptocurrency” got you wondering what all the fuss is about? The news around this is hard to ignore, so we thought we’d take a closer look. Although this will be a bit more technical, I hope it’s helpful as you continue to hear about this topic.
Our quick take? Cryptocurrency is an interesting development with a number of promising possibilities. Human ingenuity is always a marvel to behold. But like any relatively new, highly volatile pursuit, it entails considerable risk. If by chance you’ve thought of trading in it for fun or profit, we advise against putting in any more than you could afford to lose entirely. In our estimation, cryptocurrency remains more of a speculative venture than a disciplined investment.
With that, let’s take a look. > SEE MORE
Waypoint Wealth Management
Nothing About “Right Now” Is (Ever) Permanent
With another quarter of our financial journey behind us (the first quarter of the ‘new’ year), we wanted to pass along a few thoughts regarding what’s going on right now versus what is always true in our opinion.
At this moment, we can compare and contrast the current quarter-end to recent ones. As a Wall Street Journal article summarized, “Stock investors have been on a wild ride the past six or so months: The S&P 500 has gone from a record high, to being on the cusp of a bear market, to being back within striking distance of its recent peak.”
At this moment, financial headlines are closely watching what’s in store for Brexit, the shape of the U.S. Treasury yield curve, China trade talks, and other potential slowdowns and stimuli.
At this moment, a financial commentator proposed a new “golden cross” is supposedly signaling a bull market ahead, based on comparing “moving averages”. Noting the historical data isn’t sufficient to be telling, the author admits (emphasis ours): “The crosses derive their power not because there is something inherent but because many investors believe in them and act on them. Moreover, the media like the stories of golden crosses and death crosses, and promote them. This generates bullish or bearish sentiment.”
Seriously? Then there’s our perspective. > SEE MORE