I’m going to answer all these questions. But first, I want to set the landscape for the readers that are confused by all the noise. What do I do next to make sure I’m not missing the boat but also not taking too much risk? THE WORLD IS CHANGING
Should I be investing in these alternative assets? What is the craze about digital assets?
Are they secure, speculative, or “flat-out stupid/scary investments”? NFTs: Secure, Speculative, or Scary?
In the 90’s we started investing in technology companies. Shortly after, tech companies started their foray into the investment industry by introducing algorithm portfolios and robo-advisors. Fast forward to present day and technology is redefining investments altogether with additions like crypto-currency and, most recently, NFTs. If you look at the transition, it seems like a rational evolution for the financial industry. However, if you think about investing in railroads or oil companies compared to investing in digital assets or clean energy, the transition feels dramatic. It’s important to remember this has taken decades to change (even if it doesn’t feel that long). WHERE ARE WE NOW TIMELINE OF INVESTMENTS
Today technology is completely changing the way we invest instead of investing being influenced by the tech sector. Think about it this way, investors used to be swayed into technology stocks. Now technology is philosophically swaying investors away from stocks by introducing alternative assets to consumers. While this may seem cannibalistic, it is actually an organic adaptation that we have seen in the financial industry many times over. In the last few years, we have seen an incredible evolution in the investment universe. When the technology sector started expanding, the increase of demand for tech stocks was easy to see coming. What many investors did not see coming was how technology would change the way we invest altogether.
The News Highlights
- Ali Hashemian, MBA, ChFC®, CFP®, president of Kinetic Financial Addresses NFTs: Secure, Speculative or Scary?
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