Can I diversify my Fidelity 401k portfolio with cryptocurrencies?

3 answers

• Mar 18, 2022 · 3 years ago
  Yes, it is possible to diversify your Fidelity 401k portfolio with cryptocurrencies. Fidelity offers a self-directed brokerage option called Fidelity BrokerageLink, which allows you to invest in a wide range of assets, including cryptocurrencies. However, it's important to note that investing in cryptocurrencies can be highly volatile and risky, so it's recommended to consult with a financial advisor before making any investment decisions.
  443222
• Mar 18, 2022 · 3 years ago
  Absolutely! Investing in cryptocurrencies can be a great way to diversify your Fidelity 401k portfolio. Cryptocurrencies have the potential for high returns, but they also come with higher risks. It's important to do thorough research and understand the market before investing. Consider consulting with a financial advisor who specializes in cryptocurrencies to get personalized advice based on your financial goals and risk tolerance.
  436146
• Mar 18, 2022 · 3 years ago
  Yes, you can diversify your Fidelity 401k portfolio with cryptocurrencies. However, it's important to note that not all 401k plans offer the option to invest in cryptocurrencies. You will need to check with your plan administrator or Fidelity to see if they offer this option. If they do, you can allocate a portion of your portfolio to cryptocurrencies through the available investment options. Keep in mind that cryptocurrencies are highly volatile, so it's important to carefully consider your risk tolerance and investment goals before making any decisions.
  561141