How Risk Averse Are You?

All of the recent hype surrounding Gamestop, cryptocurrency, non-fungible tokens (NFTs), and meme stocks made me question – is anyone risk-averse anymore?

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It feels like everyone is gambling with their hard-earned income like it’s their first time in Vegas. And it’s partially true.

While many people are investing in index funds and other traditional investments, Dogecoin (crypto that started as a meme… yes, a meme) has a market cap of nearly $50 billion!

According to Merriam Webster, the definition of risk is the “possibility of loss or injury.”

Though, risk is not a binary measure… the other variable to consider when determining risk is time.

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