Should I Buy Dogecoin?
While Dogecoin infamously started out as a joke, investors take it a lot more seriously now. However, it’s still a very risky investment. That’s why experts recommend investing no more than 3% to 10% of your portfolio in cryptocurrencies. How much you ultimately decide to invest in Dogecoin should be guided by your risk tolerance and your current financial situation. For example, if you’re behind on your retirement savings and don’t have an emergency fund, you should invest less money in Dogecoin. If you’re financially stable, are on target to meet your retirement goals and have a large financial cushion in the bank, you may be willing to invest more of your portfolio in Dogecoin.
Unsure if buying Dogecoin is right for you? Find a financial planner near you to discuss your goals and investment options.