Q&A: When Your Crypto Bet Pays Off TOO Well

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 7 January 2025

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

#571: An anonymous caller’s crypto investments have recently skyrocketed to 17 percent of her investment portfolio. Given the volatility of this asset, should she rebalance it or go all in? Jocelyn wants to buy a house in three years but she’s reluctant to keep her sizable down payment in cash. What if she splits the difference and invests half the money instead? Allison feels antsy holding $1 million in cash with falling interest rates on the horizon. How does she optimize this money while keeping it liquid enough to buy a house on an uncertain timeline? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail. For more information, visit the show notes at https://affordanything.com/episode571 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, your brother-in-law made more than a million dollars in cryptocurrency.
0:03.9	If he ever listens to this?
0:06.8	He'd be like, I don't want that out there.
0:09.0	Yes, he has.
0:10.5	Do you know what percentage of his portfolio that represents?
0:13.9	Oh, no.
0:15.5	But I'd love to speculate.
0:17.4	Wow.
0:17.8	Well, we are going to hear a question from a listener who has cryptocurrency
0:22.5	investments that have grown to 17% of her portfolio. And she's wondering what to do. We're also
0:30.5	going to hear from a listener who has a million dollars in cash. Let's talk about the other end of
0:34.9	the asset allocation spectrum. One million dollars.
0:39.2	And we're going to hear from a listener who wants to buy a home in three years and is wondering what to do with the money that she intends to use for that down payment.
0:48.4	All that in one show.
0:49.6	All of that in one show.
0:51.8	Wow.
0:52.6	Welcome to the Afford Anything podcast, the show that understands you can
0:55.4	afford anything but not everything. Every choice carries a tradeoff and that applies not just to your
1:00.4	money but to your time, your focus, your energy to any limited resource you're managing. So,
1:05.7	what matters most and how do you make the right choices? That's what this podcast is here to explore.
1:11.3	We cover five pillars, financial psychology, increasing your income, investing, real estate,
1:16.7	and entrepreneurship.
	...

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