This year, cryptocurrency promotion and participation have increased significantly so the question arises which types of investments you should prefer in 2022? Many stories of young, wealthy, already retired, timely money-makers have engrossed people in the potential of cryptocurrency investment. In addition, influencers and online personalities have succeeded in promoting certain cryptocurrencies among their investment followers, effectively increasing the value of the currency just for influencers to sell big profits and make big profits. , Effectively achieved “pump and dump”. Its numerous online followers.
The possibility of a large payday may indicate a dollar sign, but given the relatively recent popularity of these types of investments, these pump and shower schemes with limited regulation are high. You are exposed to risks and potentially minimal rewards. This is a perfect example of why we prefer long-term measured financial planning over short-term speculation and online excitement.
How much can you win and how much can you lose?
Set aside the significant impact of online excitement on our financial system and focus on the individual.
Yes, some crypto investors demand large multiples of their initial investment. However, many others move their investments in the hope of making even greater profits or being caught up in the sharp decline in the lost value of certain cryptocurrencies. Losses for some investors can be devastating, especially for young people gambling on rent, emergency savings, or COVID-19 relief checks.
We generally excite and support young people who are more interested in investing, but there is no doubt that they will manage their finances through social media, programs, and bulletin board feeds. The impact of promoting certain cryptocurrencies for their distinct profits is a perfect example of how easy it is to manipulate them with online investment information.
Short-term profit or long-term prosperity?
Thousands of dollars may sound exciting overnight, but its ROI is not in agreement with the prosperity of a balanced and diverse financial plan. The small investment that the crypto crowd is making today could increase by 10% each year if they are invested in the S & P 500 instead of the current hot stock. Hopefully, some crypto investors will reinvest their earnings in plans that will help create a safer financial future.
But this leads to another issue with investing in crypto: Creating secure financial futures contracts wasn’t part of the plan.
What is your plan?
The quick and easy return on investment that cryptocurrencies may come with usually does not take into account the following:
- Buy a new house.
- Send your child to college.
- I will repay the debt.
- Save for a comfortable retirement
- Start your own small business.
- We support families who are sick or struggling.
- Save for your dream family trip.
- Go to your ideal retirement destination.
And aren’t these what you want for your future? That is why we are different. Because our investment decisions are based not only on our financial performance but more importantly, on the goals of life we want to achieve with this financial performance.
If you have the individual companies you want in your portfolio, we can help you assess your potential investments and make informed decisions. But our overall strategy is far superior to market behavior and volatility. Instead, we build your life-centric financial plan to achieve the goals, challenges, and transitions that you and your family will face at every stage of your life.
We also want to help the next generation of families make plans. If your kids or grandchildren are asking you about cryptocurrencies or have a new interest in finance, schedule a group meeting or video call to keep your allowance money in the right direction.
Contact with an experienced property investment advisor network to plan your investment in a better way.
