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Coinbase goes public: Why it matters to advisers
Coinbase introduces millions of people to the world of digital assets, pushing financial advisers to surf the crypto wave before it crests. Some advisers are still skeptical.
April 14, 2021 5 MINS
Coinbase Global Inc, the largest U.S. cryptocurrency exchange, listed on the Nasdaq Global Select Market Wednesday via a direct public offering with the ticker COIN.
As Coinbase makes its public debut, financial advisers are bracing to surf the crypto wave before it crests. The listing marks a watershed moment for digital assets that advisers have historically shied away from because of volatile performance records. Yet, demand from both retail and institutional investors is set to propel cryptocurrencies toward further gains.
Calibrate your emergency fund to a crisis-prone world djournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from djournal.com Daily Mail and Mail on Sunday newspapers.
Calibrate your emergency fund to a crisis-prone world
Hal M. Bundrick
It took a pandemic to convince Americans to take saving money seriously.
For years, Americans set aside 7%-8% of their income. In a knee-jerk reaction to COVID-19, people stashed cash at a historic level. According to the U.S. Bureau of Economic Analysis, in April 2020, the personal savings rate exploded to over 33%.
That rush to fund emergency savings has ebbed since, but it’s still been about double the 30-year average in recent months.
“The pandemic has certainly presented a whole new set of challenges, both financially, personally and professionally,” says Elliot J. Pepper, a certified public accountant and certified financial planner in Baltimore. The need for an emergency fund has become even more acute so that unexpected expenses aren’t rolled into costly credit card or consumer debt.
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