5 Initial Investment Tips 2022 From Right | Personal finance

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  5 Initial Investment Tips 2022 From Right |  Personal finance

For one thing, cryptocurrency has only been around for a little more than a decade. Compare that to the publicly traded companies that have been around for well over 100 years, and it’s easy to see why the idea of owning digital coins can be unsettling.

That’s why it pays to take it slow when it comes to buying cryptocurrency. If you’ve yet to really dabble in it, start by investing a small percentage of your money and see how you fare rather than go all in.

5. Eke out as many tax benefits as you can

Story Highlights

  • Many investors have enjoyed great success with cryptocurrency, and even if you’re new to it, you might follow in their footsteps. But one thing you should know is that cryptocurrency is very risky.

  • Furthermore, we don’t know what regulations are in store in the world of crypto. But if changes come through that make cryptocurrency less appealing from a tax standpoint, it could drive the value of your digital coins way down.