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The selloff in AI losers has been so steep that this famed activist investor has reportedly sprung into action MarketWatchElliott Management builds stake in London Stock Exchange Group Financial TimesActivist investor Elliott takes LSEG stake to target performance, source says ReutersActivist investor Elliott builds up stake in London Stock Exchange Group The Guardian
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Asia markets mostly rise as investors shrug off weak U.S. retail sales, assess China inflation CNBCAsian Stocks Set to Extend Rally as US Shares Slip: Markets Wrap BloombergStocks pause for breath as AI worries simmer; yen gallops higher ReutersAsian shares advance after weak US retail data weigh on Wall Street Yahoo Finance
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S&P 500 closes lower as AI fears weigh on financial stocks; Dow hits another record: Live updates CNBCStock market today: Dow moves higher, S&P 500 and Nasdaq dip after weak retail sales fuel Fed cut bets Yahoo FinanceUS stocks drift to a mixed finish as yields fall after a discouraging report on US shoppers AP NewsStocks mixed but world index hits record high; Treasury yields ease Reuters
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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
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