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Can investing in Fortis stock help diversify a cryptocurrency investment strategy?

avatarHardin MadsenDec 16, 2021 · 3 years ago1 answers

How can investing in Fortis stock help diversify a cryptocurrency investment strategy? What are the potential benefits and risks of including Fortis stock in a cryptocurrency portfolio?

Can investing in Fortis stock help diversify a cryptocurrency investment strategy?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Investing in Fortis stock is a great way to diversify your cryptocurrency investment strategy. While cryptocurrencies can offer high potential returns, they also come with significant volatility. By adding Fortis stock to your portfolio, you can balance out the risk and potentially achieve more stable returns. Fortis is a well-established utility company that has been consistently profitable and pays regular dividends. This can provide a reliable income stream and help protect your investment against market downturns. However, it's important to remember that investing in any stock involves risks, including the possibility of loss. It's always advisable to do thorough research and consult with a financial advisor before making any investment decisions.