What are the potential benefits of including the fidelity total market index etf in a cryptocurrency investment portfolio?

3 answers

• Dec 18, 2021 · 3 years ago
  Including the fidelity total market index ETF in a cryptocurrency investment portfolio can provide diversification benefits. Cryptocurrencies are known for their volatility, and adding a traditional ETF like the fidelity total market index can help balance out the risk. The ETF includes a wide range of stocks from different sectors, which can help reduce the impact of any single cryptocurrency's performance on the overall portfolio. This diversification can potentially lead to more stable returns and lower overall risk.
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• Dec 18, 2021 · 3 years ago
  One potential benefit of including the fidelity total market index ETF in a cryptocurrency investment portfolio is the exposure to the broader stock market. While cryptocurrencies have the potential for high returns, they also come with a higher level of risk. By adding the fidelity total market index ETF, investors can gain exposure to a diversified portfolio of stocks, which can help mitigate some of the risk associated with cryptocurrencies. This can provide a more balanced investment strategy and potentially reduce the overall volatility of the portfolio.
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• Dec 18, 2021 · 3 years ago
  Including the fidelity total market index ETF in a cryptocurrency investment portfolio can be a wise decision. The ETF is managed by Fidelity, a reputable financial institution with a long history of successful investment management. By investing in the fidelity total market index ETF, investors can benefit from the expertise and experience of Fidelity's investment team. This can provide peace of mind and confidence in the investment strategy. Additionally, the ETF offers exposure to a broad range of stocks, which can help diversify the portfolio and potentially enhance overall returns.
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