Time for 10% to 40% of portfolio in crypto, say financial advisor Ric Edelman – NBC 6 South Florida
- Influential financial advisor Ric Edelman this week issued a call to hold anywhere from 10% to 40% of an investor portfolio in cryptocurrencies.
- Edelman, who heads the Digital Assets Council of Financial Advisors, has been saying for some time the traditional 60-40 portfolio of stocks and bonds is outdated because people are living too long for it to work.
- Now, he says cryptos like bitcoin that have uncorrelated returns also need to factor to an even greater extent in portfolios of the future alongside much higher equity holdings later in life.
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single-digits was his recommendation.
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