Bitcoin Investors: Here’s Why Your Children Might Ignore You

This week, I walked into a house on a ritzy estate that the locals call, “Billionaire’s row.”

It’s located in Dubai, a wealthy city in the United Arab Emirates. Polo fields surround the home.

Most of the residents have housekeepers, nannies and personal assistants.

My hosts hired a British nanny for their children. I’ll call the nanny, Suzy.

When Suzy learned I was an investment columnist, she looked at me with wonder.

No, she wasn’t dazzled by my job. Nor was she attracted to my sparkling wit or, uhum, my dashing good looks.

Instead, she only had eyes for bitcoin. “Should I invest?” she asked.

Image courtesy or Pixabay

Read the rest of the article at Assetbuilder

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. Tom says:

    I bought Bitcoin back in 2015 and turned a $25,000 CDN investment into over $500,000 in less than a year. I got lucky because when I started buying them, I understood what they were and believed in the fundamental ideas behind it. I still do but I will soon be selling most of them and leaving a few in exchanges to play with. Although it is tempting to just leave them all in, I think diversification is the way to go from now on.

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