All of the recent hype surrounding Gamestop, cryptocurrency, non-fungible tokens (NFTs), and meme stocks made me question – is anyone risk averse anymore?
Does anyone value consistent returns over the 50/50 gamble to win big or lose it all?
But still, it feels like everyone is gambling with their hard-earned income like it’s their first time in Vegas. And it’s partially true.
While many people are investing in index funds and other traditional investments, Dogecoin (crypto that started as a meme… yes, a meme) has a market cap of nearly $50 billion!
Ford doesn’t even have a $50 billion market cap.
As I felt in a hint of FOMO surrounding all of these fast-growing investments, it felt like a good time to reexamine why I’m passing on these types of investments in the first place – because of the risk they carry.[Read more…] about How Risk Averse Are You?