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APPLE CEO TIM COOK SAYS THAT OWNING CRYPTO IS PART OF A DIVERSIFIED PORTFOLIO
AND I'M NOT SURE I AGREE WITH HIM

eamesBot / Shutterstock.com
Kristin Hitchcock
Published: November 29, 2024 9:29 am

This post may contain links from our sponsors and affiliates, and Flywheel
Publishing may receive compensation for actions taken through them.

24/7 Wall St. Key Takeaways:

 * Crypto can be a balanced part of a diverse portfolio. However, it is very
   volatile!
 * You should not feel mandated to purchase Bitcoin (CRYPTO:BTC) or Ethereum
   (CRYPTO: ETH), but it can be something to explore for some investors. 
 * Also: Take this quiz to see if you’re on track to retire (Sponsored)

There are a lot of arguments about what exactly a “diversified portfolio” means.
I recently came across a Reddit post in the r/fatFIRE community that highlighted
a thought-provoking statement by Apple CEO Tim Cook. In an interview with The
New York Times, Cook revealed that he has personally invested in cryptocurrency
for “a while” and considers it “reasonable to own crypto as part of a
diversified portfolio.”



For a forum often focused on traditional investment approaches like index funds
and bonds, this sparked an interesting debate: Should this shift perspectives on
crypto investments?

Let’s explore some of my opinions on this topic, especially for those pursuing
financial freedom.


WHAT CRYPTO BRINGS TO A PORTFOLIO

So, let’s look at what exactly crypto can bring to a portfolio. There are many
reasons why investors recommend crypto, such as:

 * Diversification: Crypto is very different from other traditional asset
   classes. Therefore, when used in moderation, it reduces the overall portfolio
   risk. 
 * Potential Growth: With the crypto market’s rapid expansion, some assets have
   demonstrated incredible growth, albeit with extreme volatility.
 * Belief: Some people simply believe in cryptocurrency as a concept and may
   choose to invest in it out of principle.

However, crypto is highly speculative. Its value can fluctuate dramatically,
even though we expect it to rise. However, this assumes you’re using crypto as
part of a balanced portfolio, not just investing in crypto. When used to
diversify a portfolio, it is used very sparingly. 


SHOULD YOU REVISIT YOUR RISK TOLERANCE?

The Reddit post raises a key question: For those sticking to low-risk
investments, does this news prompt a reconsideration of risk tolerance? The
answer depends on your financial goals, timeline, and comfort with volatility.

Cypto is very high-risk, akin to high-growth stocks. Therefore, it should only
comprise a small amount of your portfolio, around 1-5%. This approach allows you
to use it for diversification while also keeping your portfolio from becoming
too volatile. 

Yes, you can use crypto as part of a diverse portfolio, but it shouldn’t be a
huge portion. 


PROCEED WITH CAUTION

That said, it’s best to work with a financial advisor if you’re worried about
using crypto or don’t want to research your own investment options. While Tim
Cook’s endorsement might be noteworthy, your financial plan should reflect you,
not the portfolio of a billionaire!

Advisors can help assess whether crypto is a good option for you or not. 


TAKE THIS RETIREMENT QUIZ TO GET MATCHED WITH AN ADVISOR NOW (SPONSORED)

Are you ready for retirement? Planning for retirement can be overwhelming,
that’s why it could be a good idea to speak to a fiduciary financial advisor
about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match
you with up to 3 financial advisors that serve your area and beyond in 5
minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.




Read more: Personal Finance, Cryptocurrency in portfolios, How to add crypto to
a diversified portfolio, Is crypto a good investment in 2024?, Is it worth it to
invest in Bitcoin now?, Should I invest in Bitcoin?, Should I invest in crypto?

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.




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