Quote:
Originally Posted by Hog Farmer
Bubble or not , timing is everything. My BIL got a good reward in the tech bubble turning $500 into $25,000
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Oh definitely. My main point is timing IS important but so is limiting the initial investment as well. I wouldn't be taking 50% of the current money in my brokerage account and moving it to cryptocurrency.
What your brother did was make money but he had a limited initial investment. That's my preference for high volatility items and things like penny stocks. I've read stories about others who weren't as conservative and lost big money when tech was big. Speculating is risky and should not be considered "investing." Only a small percentage of your portfolio should be left for speculating.