Throughout history, there always seems to be a new grouping of stocks receiving a fancy name after performing well. When hearing headlines about stocks like this, a common question that arises is: why not just buy those select stocks? Here at Greenspring, we believe in utilizing pooled investment vehicles like mutual funds or ETFs, where you still get exposure to popular stocks but are much more diversified and face less risk.

While Greenspring likes some alternative assets and has included them in our client portfolios over the years, we do not think Bitcoin merits a dedicated portion of an investment portfolio. Bitcoin is almost pure speculation with little intrinsic value.  Unlike stocks and bonds, there are no profits, dividends or interest, and the price is based only on what a buyer is willing to pay.