Should You Diversify Your Portfolio With a Cryptocurrency?

in investmentportfolio •  7 years ago 

Anyone who's read up on basic principles of investing knows the golden rule for making any investment portfolio work over the long term: diversification. When you invest in multiple types of assets, with multiple levels of associated risk, you spread your risk out and reduce the possibility for any one investment to crash the value of your portfolio disproportionately. You also increase your chances of finding a better-than-average return, and through rebalancing, you can adjust your portfolio to reflect your current risk and return goals as they develop.

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Agreed. Diversification is the key to good profit.