SoFi Vice President John Foley: Real Risk in Losing Money in Crypto

Cryptocurrencies are on a rollercoaster ride. This week Bitcoin and Ethereum trading near their all time highs. SoFi Vice President and Certified Financial Planner John Foley warns investors to be careful with how much money they invest in this marketplace. Foley advises clients to not invest more money in cryptocurrency than they can afford to lose. Foley cautions people to make investments in cryptocurrency part of a balanced portfolio. "Fear of missing out should be fighting with a fear of losing money, " says Foley. Foley also recommends to diversity investments with several types of cryptocurrency.

More In Business

Dude, Where’s My Ranch? These Getaways Reinvent the Iconic Western Vacation

Did you know there's a big difference between a dude ranch and a working cattle ranch? Check out the new generation of ranches, and live out your cowboy dreams.

Spatial Computing Could Replace the Smartphone

CEO of Auki Labs Nils Pihl breaks down what spatial computing is and all of the possibilities for bringing computers into the real world.

The Fed’s Rate Cuts Will Be ‘Surgical’

Lara Rhame, FS Investments chief U.S. economist, discusses the recent market highs, how the job market is in a ‘good place,’ and why rates staying higher for longer might not be a bad thing.

Nvidia's Winning Streak Continues: Earnings Exceed Expectations

Expectations were high for Nvidia’s earnings — and they came in even higher. But when will the AI boom start to slow?

Google Suspends Gemini AI Chatbot From Generating Images of People

Researchers have found racial biases in AI models. Did Gemini over-correct itself?

Can De-Extinction Save the Planet? Colossal Wants to Try

Co-founder and CEO of Colossal Ben Lamm explains how the company is working to bring back extinct species and shares early details of the upcoming documentary from the ‘My Octopus Teacher’ filmmaker.

Only You Can Prevent Volkswagen Fires

Volkswagen is recalling hundreds of thousands of cars to fix a possible fuel leak that could start fires. Is your car affected?

Get Your Finances in Order With CBIZ

President and CEO of CBIZ Jerry Grisko breaks down the financial services company’s latest earnings results.

The Audio A.I. Company That Received a Nvidia Investment

Soundhound AI co-founder, president, and CEO Keyvan Mojaver discusses bringing its audio tools to cars and drive-thrus, plus why smaller companies may benefit from the A.I. boom.

‘Almost Every Company’ Is Planning to Use A.I.

Deiya Pernas, co-founder of Pernas Research, breaks down Nvidia’s blockbuster earnings, why energy is a sector to watch, and why the A.I. trend is far from over.

Load More