“The reply depends upon plenty of essential components: age, normal threat tolerance, speedy monetary and liquidity wants, volatility of a particular asset.
“The actual query is – would you like your funding to have the ability to ‘transfer the needle’ if it goes nicely and would you be crushed if it doesn’t?”
In a bid to warn younger traders of the potential dangers, the Monetary Conduct Authority (FCA) has launched its InvestSmart marketing campaign to be extra conscious of the way to keep away from being scammed when investing in high-risk merchandise, akin to cryptocurrencies.
Sarah Pritchard, government director of markets on the nation’s monetary regulator, emphasised the significance of teaching younger individuals on the planet of crypto.
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