Going to send him a mail saying my portfolio is only cryptos xD Owning stocks is harder than owning cryptos, a lot of boreucratic BS with stocks, while with cryptos there is none of the BS, no taxes in my country! Nothing!
I might diversify in the future, but only after the market crashes hard (which should happen in the next 5 years), probably student loans defaulting
When they say portfolio, they are not just talking stocks. They are talking any investment you might hold. Stocks, mutual funds, gold/precious metals, commodities, bonds, annuities all might make up an investing portfolio...
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Pretty much the same case here. Currently, cryptocurrencies are the only type of investments I'm involved in. I agree, traditional stocks involve too much bureaucracy, and generally need to act through some broker, who may probably not be working in my best interests.
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Not investing in stocks (though usually done through a fund as opposed to stock picking) has been a huge mistake by people for the last 100 years. That may change going forward, but they still make a lot of sense in retirement portfolios.
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