Bitcoin is all the rage lately. But it is suitable for average investors? A cursory glance of the wild swings in the so-called cryptocurrency suggests that the asset likely would take an ironclad constitution to stomach its massive price swings. That makes it likely unsuitable for average mom and pops.
One of the most important mantras in finance — diversification — is also one of the trickiest to implement successfully, and stick with. Consider that investors have to choose between domestic and foreign markets, stocks versus bonds, government-issued versus corporate bonds, and so on. Financial advisers will be quick to say that portfolio selection will depend on many factors: investor age, risk tolerance, goals and needs, and there is no single formula that will fit everyone.
Best Buy shares jump after earnings
The S&P 500 and Nasdaq Composite traded in record territory on Thursday as U.S. stocks advanced for a sixth straight session, thanks in part to big gains in shares of Best Buy after quarterly results. The S&P 500 index rose 10 points, or 0.5%, to 2,415, after setting an intraday record of 2,417.52. Nine of the 11 main sectors traded higher, led by gains in consumer-discretionary shares, but energy stocks were off more than 1%.