I hope you’re all having a great night.
I’ve been an avid follower of Cathie Wood and her Ark funds for the past several years. As a result, I’ve had very solid gains in the stock market following her advice. She recently said a well rounded portfolio should contain at least 5% of Bitcoin. Here’s my problem, I have none at the moment. I’m heavily invested in Fintech companies, and ARKF. Essentially I’m investing in companies that will benefit from the rise of Bitcoin. Seems silly not to invest in actual Bitcoin.
I currently have about 100k in stock market, and roughly 20k in cash. I can’t help but think my cash is just losing value sitting in the bank. I’ve downloaded cash app and have yet to pull the trigger on purchasing some bitcoin. This is not something I would actively trade. I’d buy and hold. I’d love to here some of your thoughts on how to approach this. Buy now? Wait until after the election? My risk tolerance in fairly high. I was considering just dropping 5k into bitcoin and seeing what happens... Have a missed the boat? Is it worth it?
I appreciate your input!