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

Spirit Halloween CEO Reacts to SNL Skit and Why They Clapped Back

Spirit Halloween CEO, Steve Silverstein, stops by Cheddar to talk SNL, this year's top costume ideas and why you should watch out for Spirit Christmas. Watch!

Taxpayers In 24 States Can Now File Directly With The IRS Next Year

The IRS is expanding its program that allows people to file their taxes directly with the agency for free.

Big Business This Week: Robot Taxis and Flying Taxis

Oh, we're also on YouTube now.

Dog Tag Bakery Recruits Veterans

Washington DC based non-profit Dog Tag, explains how their business education programs are helping former service members re-enter the workforce.

Oil Prices Jump, Wall Street Jitters Over Israel’s Likely Iran Strike

Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their records.

Brooks Introduces Latest In Running Tech

Brooks Running SVP of Footwear, Carson Caprara, introduces the new Glycerin Max and explains how leaning into innovation helps build customer brand loyalty

Tesla Shares Slump Despite Increase In Q3 Global Deliveries

Tesla shares were down 4% after improved Q3 delivery numbers, as investors hoped for even better numbers.

How Will the Economy Do as We Head into Q4?

Ayako Yoshioka, Senior Portfolio Manager at Wealth Enhancement Group, discusses how data is indicating how the economy will fare in the fourth quarter of 2024.

Bite Delivers AI-Powered Kiosks To Diners

Brandon Barton, CEO of Bite, explains why the company's self-ordering kiosks are taking over restaurants across the country

Will Daniel Lubetzky Bring His KIND Spirit to 'Shark Tank'?

Founder of KIND Snacks, Daniel Lubetzky, joins Cheddar to talk about diving in the deep end on ABC's 'Shark Tank.' Watch!

Load More