Which is the best option to invest in?

Hey I recently got my insurance and now I need to make a decision what to do with theese money. I have few options. First of them is investing into cryptocurrency ( or even more high-tech company) and the second is put them into my bank account.
I've heard about possible profit of crypto-investments. Should I try?

I would TOTALLY stay away from crypto.

Depending on whether this is play money or retirement money and what other investments you have one of the most reasonable options is to simply purchase a decent ETF or mutual fund. Mutual funds will give you more options and many are available with extensive track records so you will have a better idea of what you're getting into but ETFs will save you the load.

Lutherf said:

I would TOTALLY stay away from crypto.

Depending on whether this is play money or retirement money and what other investments you have one of the most reasonable options is to simply purchase a decent ETF or mutual fund. Mutual funds will give you more options and many are available with extensive track records so you will have a better idea of what you're getting into but ETFs will save you the load.

Click to expand...

Yeah I know that. Mutual funds are good option for that. But what about institutional-grade alternative investment fund? I've heard a lot about that and I still want to learn more info. Cipher Technologies manages does this and seeks to capture alpha from uncharted parameters in digital assets as I know. It's the only company I know about

mariopepper said:

Yeah I know that. Mutual funds are good option for that. But what about institutional-grade alternative investment fund? I've heard a lot about that and I still want to learn more info. Cipher Technologies manages does this and seeks to capture alpha from uncharted parameters in digital assets as I know. It's the only company I know about

Click to expand...

It's still crypto and I'd still stay away from it. Look, I'm not a financial advisor. I'm just an accountant who sees all kinds of investment stuff and crypto has, overall, been a horrible investment. It's simply too volatile for most investors. If you've got play money and want to play then who am I to say no? However, if you want to know whether I think it's a good idea or not, I definitely don't.

Lutherf said:

It's still crypto and I'd still stay away from it. Look, I'm not a financial advisor. I'm just an accountant who sees all kinds of investment stuff and crypto has, overall, been a horrible investment. It's simply too volatile for most investors. If you've got play money and want to play then who am I to say no? However, if you want to know whether I think it's a good idea or not, I definitely don't.

Click to expand...

I understand. Anyway thank you for your reply. I appreciate it

~ I suppose it depends on how much $$. Vanguard is a nice no-load mutual fund. If you like risk you can "play" the market by using a small amount to invest in IPOs.

mariopepper said:

Hey I recently got my insurance and now I need to make a decision what to do with theese money. I have few options. First of them is investing into cryptocurrency ( or even more high-tech company) and the second is put them into my bank account.
I've heard about possible profit of crypto-investments. Should I try?

Click to expand...

Crypto currency is a good investment, but never put all your eggs into one basket, crypto currency is like gold or silver, on a roller coaster and the dollar and many other paper currencies either face nonstop inflation or a roller coaster as well.

The odds of every form of currency failing are low, therefore it is safest to diviersify investments, it may not yield quick returns, but you also will not go broke if a collapse occurrs.

Avoid cryptocurrencies like the plague.

mariopepper said:

Hey I recently got my insurance and now I need to make a decision what to do with theese money. I have few options. First of them is investing into cryptocurrency ( or even more high-tech company) and the second is put them into my bank account.
I've heard about possible profit of crypto-investments. Should I try?

Click to expand...

No - cryptocurrency is a pyramid scheme. It's only value is a result of upward pressure due to buyers. Some day the entire house of cards will come crashing down as it has no intrinsic value. No intrinsic value whatsoever.

Get into an ETF such as Vanguard. It's a broad based basket of stocks that seeks to replicate the DJIA. It's safe with extremely low fees. The expense ratio (MER) is .03%. You'd pay $3.00 per $10,000 invested plus whatever the financial institution you deal with charges you for the transaction. Usually that's below $10 for the trade.

The return has been good averaging 13.11% per year over the past 10 years.

Avoid mutual funds - low returns as a result of very high fees.