In addition, the Federal Reserve has indicated its willingness to let inflation run hotter than the standard 2%, although some experts think the March surge is temporary. It s hard to say if inflation is a primary concern right now, but there s a strong case to be made that inflation could continue to tick higher over the next several years as the economy heats up, said certified financial planner Douglas Boneparth, president of Bone Fide Wealth in New York. So I wouldn t discount anyone s concerns.
The economy is expected to grow more than 6.5% this year, according to a recent CNBC survey of economic experts. Respondents also anticipate that the unemployment rate will drop to 4.9% and inflation will come in at 2.5%.
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Douglas Boneparth’s financial advisor dad counseled him at the start that an FA needs to have “the heart of a social worker and the mind of a capitalist.”
The younger Boneparth, now 36, would take that a bit farther to add a third vital: the nerve of a relentless marketer. Or else how would pandemic-lacerated 2020 turn out to be the RIA’s very best year? He tells all in an interview with ThinkAdvisor.
In 2021, Boneparth’s flourishing New York City-based practice, Bone Fide Wealth, has had an equally super start.
There are a few ways that people can invest in cryptocurrency and even bitcoin, or the technology behind it, without holding any coins themselves. While it might not completely shield investors from cryptocurrency s trademark volatility, it can give them some protection from loss.
Invest in companies that hold bitcoin or another cryptocurrency
One way to have exposure to bitcoin without holding it is to invest in the stocks of companies that have cryptocurrency related services or hold coins themselves, said Ross.
That includes a wide group of publicly traded businesses throughout different sectors that have either added bitcoin to their balance sheet or have services for storing or paying with cryptocurrency.