Is it possible to project likely future scenarios if investing in crypto?
06 July 2022
Question by Ann
Is it possible to project likely future scenarios if investing in crypto? As can be done with investment portfolios?
Answered by Tanya Laing
Crypto assets are highly volatile and so it is very difficult to predict their future return with any accuracy. Additionally they have not been around for as long as other investments, which adds another level of unpredictability about their future returns. Boring Money is doing a webinar this evening at 6pm about the world of Crypto assets - which might help you form a view of their future returns.
Crypto assets unregulated in the UK. There is no consumer protection. Tax on profits may apply.
Chartered Financial Planner
I want to get people talking more comfortably and openly about money. Debunking that thought that ‘I don’t understand finance’ is my passion. I enjoy talking to people and understanding their story - because it is this individual story that is the foundation of financial advice. Oh, and also – no jargon. Just a friendly, collaborative approach to give more confidence, clarity and peace of mind to your personal finances.