‘Crypto Hippie’ Financial Advisor Calls Stocks ‘Dinosaur Bones’ — But Likes Some ETFs
Self-described “Crypto Hippie” Tyrone Ross Jr. sat down with Benzinga‘s Chief Content Officer Brad Olesen in a multipart interview series to discuss how his financial planning firm, 401 Financial, is educating clients about cryptocurrency and Bitcoin (CRYPTO: BTC) and avoiding some of the pitfalls of the traditional financial advisory industry. He also made it clear where he stands when it comes to advising clients on how they should build a portfolio.
“What we really try to do is one, stop them from over-trading,” Ross says with regards to how he advises clients in constructing how their assets are managed.
He invoked an anecdote in which there was one client he came across who had performed over 14,000 transactions. The “beauty” of 401’s model, he said, i that it gives advice, and ultimately clients can make their own decisions. 401 doesn’t benefit if you trade more or less – it’s just advice that comes monthly compared to some advisors who could meet with clients as little as once or twice.
Also Read: XRP Poised For ‘Brief Correction,’ But Here’s Why It Could Go To $4
401 Financial’s name is …
About The Author
