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

Meet Stagflation: It Might Even be Worse Than a Recession

After battling inflation for years, now U.S. consumers have to prepare for stagflation, and, unfortunately, it could be more complicated to fix than a typical

Big Business This Week: Boeing is Down Bad, TikTok is on the Clock and Non-Competes Are History

America is hooked on Ozempic... but at a steep cost. Plus, Tesla continues its downward spiral.

Here’s why Harvey Weinstein’s New York Rape Conviction was Tossed Out

The decision Thursday by the New York Court of Appeals reopens a painful chapter in America’s reckoning with sexual misconduct by powerful figures.

US Abortion Battle Rages on with Moves to Repeal Arizona Ban

California's governor has opened his state not only to Arizona patients seeking abortion but also their Arizona-based doctors.

Lightspeed Partner Talks Early Investment In Rubrik

Lightspeed co-foudner, Ravi Mhatre, sits down with Cheddar the NYSE to discuss why it invested in Rubrik early on and celebrates the company's IPO.

How Elf Labs Is Reimagining Some Of Your Favorite Fictional Characters

Elf Labs CEO, David Phillips, speaks to Cheddar about how the company came to be and how it is bringing forth fairytale characters in new and exciting ways.

Uh Oh: The U.S. Economy Has Signs of a ‘Mild’ Recession

Don’t panic just yet, but it's starting to look like the economy is slowing down… AKA heading into what one analyst calls a ‘mild form of a recession.’

How Certainly Health Makes Medical Bills More Transparent

CEO of Certainly Health, Kevin Chiu, joins Cheddar to discuss how his company aims to make what is in your medical bills more transparent.

From Boeing to Meta: The Highs and Lows of Earnings Season (So Far)

With 40% of the S&P 500 reporting earnings this week, Cheddar correspondent Alison Kosik breaks down the highlights.

Not All A.I. Stocks Are Created Equally

With every company touting their new A.I. projects, one analyst cautions investors not all companies will grow as much as Nvidia.

Load More