The Investor Coaching Show with Paul Winkler
Business:Investing
Paul Sets the Record Straight on How Much Crypto You Should Have in Your Portfolio
Paul was mentioned on the radio early this week by Matt Murphy who pretty accurately characterizes Paul’s thoughts on crypto in your portfolio: you shouldn’t have any. Paul wants to set the record straight because he’s heard some misinformation about his thoughts on crypto. He likens having crypto in your portfolio to having arsenic in your diet — it’s just not a good idea. Listen along as Paul explains where the misinformation about crypto is coming from, if crypto is a currency or an investment, and what people need to know to avoid this kind of trap. In the second half of the episode, Paul talks about Bitcoin, the gold standard, and the current US Dollar, and explains why we have moved away from our currency’s value being determined by the value of a commodity.
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