Should I Invest In Bitcoin?
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 585 Ratings
🗓️ 19 July 2021
⏱️ 6 minutes
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Summary
Transcript
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| 0:00.0 | finances can be complicated but they don't have to be i break down financial topics that may seem |
| 0:10.9 | complex and overwhelming so you can start taking action on your financial goals i'm auretowly |
| 0:17.2 | and it all starts here on Personal Finance Redefined. |
| 0:21.7 | Hello everyone and welcome back to another episode of the podcast. |
| 0:25.6 | Hope you've been enjoying it so far. |
| 0:27.6 | Love doing a wide range of topics and keep the listener questions coming. |
| 0:31.6 | So let's get right into today's episode. |
| 0:33.7 | So should you invest in Bitcoin? |
| 0:36.1 | Bitcoin. |
| 0:37.0 | What a whirlwind. Investing is too difficult to predict. |
| 0:40.3 | It's just that simple. |
| 0:41.3 | But because we can't predict where prices will go, |
| 0:44.3 | doesn't mean we shouldn't invest in things that will hedge our portfolio. |
| 0:48.3 | So if your goal is to make a quick buck and get right out, |
| 0:53.3 | Bitcoin might be a great option for |
| 0:55.1 | you. |
| 0:56.1 | But you also have to know that there's a large chance that your money could go down in value. |
| 1:01.6 | And so that's what Bitcoin is. |
| 1:04.0 | It could be a great hedge and we don't know too much about it where we can see its long-term |
| 1:08.7 | historical track record and what amount it should really |
| 1:11.3 | play in our portfolio. But I always like to bring it back to your goal. What's your goal? Is it to make |
| 1:16.2 | as much money as possible in a few months investing where it's almost gambling to you? Or is the |
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