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Founder Of $300 Billion Investment Firm Advises 40% Crypto Allocation, Here’s Why
Ric Edelman, the founder of Edelman Financial Engines, a $300 billion investment advisory firm, has recently issued an intriguing recommendation on cryptocurrency exposure for investors. According to his latest whitepaper published through the Digital Assets Council of Financial Professionals (DACFP), Edelman urges investors to rethink their traditional 60/40 stock-bond allocation model and increase their commitment to cryptocurrencies from between 10% to a whopping 40%.
In this new perspective, Edelman argues that the 60/40 portfolio structure is outdated and rendered obsolete by longer lifespans and technological innovations. As such, savvy investors must adopt strategies that are future-proofed against changes in finance and technology. Cryptocurrencies offer precisely that sort of opportunity for investors.
Edelman maintains that conservative investors should allocate 10% of their portfolios to cryptocurrencies, moderate investors should place 25% of their portfolios in crypto, while aggressive investors should commit a staggering 40% of their investments to crypto.
Source: bitcoinist.com
