Our FIRE friend, PhysiciansOnFire.com, hosts a Facebook group called ‘FatFIRE’. It’s a place for folks living comfortably, financially independent & retired early (or aspiring to be) can discuss different personal finance topics. It’s a remarkable group with over 18K subscribers.
A few days ago, someone posted an interesting question: “What % of your assets are in cryptocurrencies?” (Excluding real estate). I’ve had a long-running interest in cryptos and have a small stake myself, but it was interesting to see how much others were ‘betting’ on the new currency.
This chart shows my tally of the 80 or so responses:
As you can see, about 50% of FatFIRE respondents have absolutely ZERO crypto holdings and another almost 20% carry less than 1%. That’s almost 2/3rds of all the respondents.
Beyond that, most people have kept their stake at 10% or below. Only 8% of folks have carried more than 10%. Three of the respondents had more than 50%, with one person as high as 80%.
Most people that carry zero or very little crypto comment that they don’t believe it is a ‘real investment’ or that since they are retired they don’t want the risk in their portfolio. Others – a minority – are big believers and shared articles to help others understand the value that they see.
I can see both sides. I do believe that cryptos have ‘real’ value, but our stake is very small. I put a little less than $1K in four years ago and have seen it balloon to almost $12K when I looked at my account on Coinbase last week.
The growth I’ve gotten – over 1200% – still makes it just a few tenths of a percent of our retirement savings. I consider it more a hobby than anything else, but it’s been fun to follow.
Any readers here put more than 1% of their retirement savings into crypto’s? How have you done?
Image Credit: Pixabay