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Ep. 010: The risks of investing in alt-coins in retirement portfolios

by | Mar 24, 2018

John, a 51 year old listener, from Oakland, CA, writes about the risks of investing in alt-coins:

“Love your podcast. You have the levelest head in crypto podcasts. Can I make one suggestion…..plz change your intro music. It sounds like bad music to intro every horrible business audiobook ive ever listened to :-).

I’d love to hear you address how/why other coins are so tied to bitcoin and if/when that will change. Also I know you are focused on the “big” coins. But I think we are seeing a class of other legitimate “use” coins starting to emerge…love to hear your comments on that.”

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“Remember, this is not a game. It’s not a competition. It’s not entertainment. When you are dealing with having to fund potentially 40+ years in retirement with the money you have managed to accumulate, investing is deadly serious business.”

— Kim Snider

In this episode, I cover:

✓ My overarching perspective on portfolio construction and asset allocation

✓ The importance of guiding principles to be a successful investor

✓ The risks of investing in alt-coins and how they clash with my guiding principles

TO DIVE DEEPER INTO the risks of investing in alt-coins:

Ep. 002: My Guiding Principles For Investing in Cryptocurrency (SANE CRYPTO Podcast)

Ep. 005: Where Does Bitcoin Fit In An Overall Portfolio? (SANE CRYPTO Podcast)

Asset allocation (Investopedia)

The Third Wave – Steve Case (Amazon aff link)

Sequence of Returns Problem (Snider Advisors)

Bitcoin: Ringing The Bell For A New Asset Class (Burniske & White)

⇒  Asset Class (Investopedia)

QUESTIONS OR FEEDBACK:

Email: askkim@sanecrypto.com
Twitter: @sanecrypto https://twitter.com/sanecrypto

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