Wondering about Bitcoin? Consider first if it fits within your investment portfolio. Carl Richards for the New York Times reminds us that investing is very different than speculating. Our decisions should be based on the process and not the outcome, which no one can actually predict. Plan your goals and focus on diversification and then decide if Bitcoin or any other investment opportunity is right for you.
David Yeske, a financial planner in San Francisco, recently sent out a calming note to his clients explaining that downturns are inevitable, but he offered another strategy. He offered some “fun and uplifting” distractions from the scary headlines, and he provided links to videos featuring a rendition of “Stand by Me,” and a flash mob.