CNN Underscored rounded up six of the best long-term investments for building wealth, and Bitcoin made the list, with a caveat. For the article "The 6 Best Long-Term Investments To Grow Your Money Over Time", our Managing Principal, Daren Blonski, was the advisor CNN turned to for perspective on digital assets, and he's clear that a small allocation, not an all-in bet, is a reasonable way to approach it. "Having a small allocation to bitcoin is a good long-term strategy for growing your money over time," he says, while cautioning against betting the farm on it. He also stressed doing real homework before adding it to a portfolio: "Consumers need to be well educated and take the time to do the research necessary or hire someone knowledgeable and experienced in this arena to help them."
Key Takeaways
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Bitcoin can be part of a reasonable long-term investment strategy, but only as a small allocation within a diversified portfolio, not a core bet.
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Betting the farm on any single digital asset runs counter to sound long-term investing principles.
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Doing real research, or working with someone who has, matters more with newer asset classes like crypto than with more established investments.
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CNN Underscored turned to our Managing Principal specifically for perspective on digital assets within a broader guide to long-term investing.
Figuring out how much exposure, if any, makes sense for a portfolio is exactly the kind of conversation we have with clients. Learn more about our Investment Management services.