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Are there any recommended strategies for setting up automatic investments in digital currencies on Fidelity?

avatarMarshall KempNov 27, 2021 · 3 years ago1 answers

I'm interested in setting up automatic investments in digital currencies on Fidelity. Are there any recommended strategies or best practices for doing this?

Are there any recommended strategies for setting up automatic investments in digital currencies on Fidelity?

1 answers

  • avatarNov 27, 2021 · 3 years ago
    As an expert in digital currency investments, I can tell you that setting up automatic investments on Fidelity is a great way to take advantage of the potential growth in this market. Here are a few strategies you can consider: 1. Research and choose the right digital currencies: Take the time to research different digital currencies and choose ones that align with your investment goals and risk tolerance. 2. Set up automatic recurring investments: Fidelity allows you to set up recurring investments in digital currencies. This can help you take advantage of dollar-cost averaging and reduce the impact of short-term market fluctuations. 3. Monitor and adjust your investments: Regularly review your investment portfolio and make adjustments as needed. This will ensure that your investments remain aligned with your long-term goals. Remember, investing in digital currencies carries risks, so it's important to do your own due diligence and seek professional advice if needed.