The purpose of the Crypto in Your Life newsletter is to demonstrate how crypto can be used in your life, just like regular investments. We want to show you how to think about traditional personal finance strategies in a digital environment: diversifying out of a concentrated $SHIB position to provide lifelong wealth, risks of being concentrated, being aware of taxes, how advisors can help, etc. This newsletter will curate insights to help you make sense of crypto.
From Certified Digital
How to Mentally Approach Scary Markets: A Question Checklist
By Daniel Bishop
Fear, Uncertainty, and Doubt (FUD) has crept into most markets - caused by a reaction to central bank inflation, high debt levels, weak economic growth, geopolitical tensions, incompetent political parties, and continual bureaucratic intervention.
Nine days before Black Monday (the October 28, 1929 crash that spurred The Great Depression) Yale economist Irving Fisher said “stock prices have reached what looks like a permanently high plateau.”
It’s one of the worst market readings ever.
Of course, the markets had a very rough decade. Nobody knows what that market is going to do over three days or three years… but we have a pretty good idea of what will happen over three decades.
Time in the market is wise, timing the market is human - but foolish. We should be prepared for anything, that is resilience.
Monthly Resources
Is Crypto the Future or a Fad? 9 Blockchain Use Cases with Long-Term Potential
Is crypto the future? We take a look at the revolutionary technology behind cryptocurrencies, along with 9 blockchain use cases that have many investors feeling bullish.
So far, 2022 has proven to be a rocky year for investors, with all the major markets seeing substantial sell-offs against a backdrop of high inflation, persistent supply chain issues, global conflict, and tightening monetary policy. Particularly hard hit have been those assets considered “riskier,” like tech stocks and crypto.
Considering these drawdowns, it’s understandable that some investors—particularly the nearly 60% of crypto investors who only just got into digital assets in 2021, when the market was at historic highs—are wondering, “Is crypto the future or just a fad?”
It should, of course, be noted that no investment is without risk—nor is past performance a guarantee of future performance. And in full transparency, some crypto projects are unlikely to survive the current bear market (though many experts believe this is ultimately good for the industry). That being said, there are some pretty compelling reasons to believe in the future of crypto as a whole.
Crypto for Planners Podcast
Crypto is impacting every aspect of your financial planning practice, and you need to be prepared. We cover how RIAs are implementing digital assets into their businesses, discuss how planners are introducing crypto to their clients, and cover the latest developments in blockchain that will impact your future as a financial planner.
Managing Crypto Through a Bear Market with HeightZero: Sean Waters & A.J. Nary with Justin Pullaro