Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by snovv_crash on Friday April 21, 2017 @09:55AM
(#14165621)
Diversification only on the stock market isn't a good idea. It doesn't protect against the insurers going bust, for instance. In this case, keeping some % of net worth in a cryptocurrency makes sense, just like keeping a few gold bars/coins or an emergency stack of bills makes sense for that day when the internet is broken.
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Re:Billionaire Mike Novogratz says 10% of his money is in Bi...
by bigtimeidiot on Friday April 21, 2017 @10:29AM
(#14165883)
>It doesn't protect against the insurers going bust
Can you clarify? I mean, I agree that your diversification should extend beyond the stock market (bonds, some metals, real estate). But I'm not sure what you mean by the above.