|
S&P 500 rises, led by tech; Dow climbs to fresh record: Live updates CNBCStock market today: Dow Jones steadies, S&P 500 and Nasdaq rebound after Wall Street's volatile week Yahoo Finance UKWall St struggles for direction as investors await key economic data ReutersStock Market Today: Led by Tech Shares, Major Indexes Rise Further After Soaring Friday; Dow Hits Fresh Record Investopedia
|
|
Novo Nordisk Says It's Suing Hims to Halt Obesity Drug Copycats bloomberg.comNovo Nordisk sues Hims & Hers over copycat versions of Wegovy drugs; Hims stock plunges 27% CNBCHims & Hers Withdraws Knockoff Weight-Loss Pill After Regulatory Scrutiny The New York TimesWegovy maker sues Hims & Hers after company launches $49 weight-loss pill USA Today
|
|
Japan election: Japanese stocks surge to record high as PM Sanae Takaichi wins landslide election victory BBCView Full Coverage on Google News
|
|
About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
|
|
