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๐Ÿ‡ฎ๐Ÿ‡ณ๐™๐™€๐˜ผ๐™ˆ ๐™‹๐™„๐™“๐™€๐™‡ร—เคฐเค‚เค—เคฌ๐˜ผเคœ ๐™ƒ๐˜ผ๐˜พ๐™†๐™Ž๐Ÿ‡ฎ๐Ÿ‡ณWELCOME TO PGร—RANG HACKS
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Should You Buy Bitcoin?

In general, many financial experts support their clientsโ€™ desire to buy cryptocurrency, but they donโ€™t recommend it unless clients express interest. โ€œThe biggest concern for us is if someone wants to invest in crypto and the investment they choose doesnโ€™t do well, and then all of a sudden they canโ€™t send their kids to college,โ€ says Ian Harvey, a certified financial planner (CFP) in New York City. โ€œThen it wasnโ€™t worth the risk.โ€ The speculative nature of cryptocurrency leads some planners to recommend it for clientsโ€™ โ€œsideโ€ investments. โ€œSome call it a Vegas account,โ€ says Scott Hammel, a CFP in Dallas. โ€œLetโ€™s keep this away from our real long-term perspective, make sure it doesnโ€™t become too large a portion of your portfolio.โ€ In a very real sense, Bitcoin is like a single stock, and advisors wouldnโ€™t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if youโ€™re passionate about it. โ€œIf it was one stock, you would never allocate any significant portion of your portfolio to it,โ€ Hammel says.

Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at โ‚น43,559 crore at the end of March 2021 compared to the companyโ€™s market capitalisation of โ‚น44,447 crore.

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Created: 2020-05-01

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