In a recent article, I shared my thoughts on Cryptocurrencies as potential long-term investments. In writing that article, I became very interested in them - not just as investments, but also as inventions that could one day improve the global financial system.
After spending the last month aggressively researching the subject, I'm now ready to add a small amount of cryptocurrencies to my investment porfolio. In this article, I explain exactly how I am doing this.
Disclaimer: this article is not investment advice. I'm just explaining what I'm doing. Investing in cryptocurrencies is extremely risky and the market is not yet properly regulated. Please do your own research before making any investment choices. Invest at your own risk!
This article is split into two parts:
Investing a bit of money each month over many years will go a long way towards growing your retirement pot. The easiest way to do this is through Dollar Cost Averaging, where you invest the same amount of money each month into your portfolio, regardless of what the market is doing. Over time, this lets you average the prices at which you buy your fund units.
Dollar Cost Averaging (DCA) is great, but Value Averaging (VA) is better. In this post, I'll explain: