Many financial advisors offer virtual services so you can meet online no matter where you (or they) live. Which means you can choose to hire a financial advisor who lives hundreds of miles away if you decide their knowledge about cryptocurrencies could help you achieve better investing outcomes.
Do your research and due diligence before jumping in: learn the basics of blockchain and cryptocurrencies. Start slowly (don’t invest more than you’re comfortable losing) and buy small amounts over time (the concept of dollar cost averaging).
Q: What do you suggest investors consider if they are brand new to investing in cryptocurrencies?
What is your view on cryptocurrencies? Do you think cryptocurrencies should be a part of my portfolio? If so, what percentage? If not, why do you think I shouldn’t invest in cryptocurrencies? Do you invest in cryptocurrencies yourself?
Q: What questions should crypto investors ask a financial advisor?
A vast majority of advisors, myself included, would probably not suggest to their clients that they invest–or speculate, depending on your perspective–in cryptocurrencies.
Q: Why should investors interested in cryptocurrencies consider working with an advisor who specializes in this area?