What are the risks and potential returns of including digital currencies in an empower retirement brokerage account?

3 answers

• Jakub LukaszewskiAug 29, 2022 · 3 years ago
  Including digital currencies in an empower retirement brokerage account can offer the potential for high returns. With the volatility of the cryptocurrency market, there is a chance to make significant gains in a short period of time. However, it is important to note that this volatility also comes with high risks. The value of digital currencies can fluctuate dramatically, and there is a possibility of losing a substantial amount of money. It is crucial to carefully research and understand the market before investing in digital currencies.
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• Sushrut SaptaputreJan 06, 2021 · 4 years ago
  Investing in digital currencies through an empower retirement brokerage account can be a risky endeavor. The cryptocurrency market is highly volatile and unpredictable, which means that the value of your investments can fluctuate greatly. It is important to be prepared for potential losses and to only invest what you can afford to lose. On the other hand, there is also the potential for significant returns. If you are able to navigate the market successfully and make informed investment decisions, you could see substantial gains in your empower retirement brokerage account.
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• cvbcMar 13, 2024 · a year ago
  BYDFi, a digital currency exchange, offers the option to include digital currencies in an empower retirement brokerage account. This can provide investors with the opportunity to diversify their retirement portfolio and potentially benefit from the growth of the cryptocurrency market. However, it is important to note that investing in digital currencies carries risks. The market is highly volatile and there is a possibility of losing money. It is crucial to carefully consider your risk tolerance and investment goals before including digital currencies in your empower retirement brokerage account.
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