Me and hubby whenever we save up on some money, we look at options to invest our additional savings. After evaluating all options at the end of the day we end up on Crypto most of the times. We do have our systematic monthly savings, which is spread out in different investments forms and which is not majorly on cryptos but whenever we have some additional cash we invest in Cryptos. Crypto investments is not a part of our monthly savings plan, we do it whenever we have gathered some lump sum amount.

It's not that I do not have faith in Cryptos but to be realistic, this market is volatile and there can be major ups and downs so it's best to spread out our eggs in different baskets rather then having it in one. Also, we both are not of that age or at that stage in life where we can say we still have a long time to keep earning. We are working class people and soon will hit our retirement age after which we will not have this regular monthly income. As of now, our only goal is to save as much as possible so that in our retirement age even if we have absolutely no source of regular income, still we can survive on our savings. Though both of us have created channels of regular alternate income after retirement. But times are uncertain so you never know.

While we both look at alternate options of investments besides Cryptos, my son is of a very different opinion. He only believes in investing in Cryptos, it is probably because he has age to his advantage. If I would have started my journey in Cryptos even 15 years back, probably I would had also been of the same opinion and by now I would have had a good amount of retirement corpus build up which would make me confident to take some risks.

I feel that investments in cryptos is also about how much one wants to take a risk with their finances. BTC is strong and holding up, but all other altcoins you will always have some level of uncertainty. With the crypto market experience of the last 8 years I have come to conclusion that it is not very wise to put all your life savings in this one investment. In the beginning I was very carried away, which I honestly agree to and my only thought then was that it is the only best option to make investment. It can be, but it will depend on at what stage of life you are, and the planning has to be methodical. If one takes it only as a quick money making scheme then that person may soon get hit with realities of losses.

At this point of time besides cryptos, I look at more stable investments like Fixed deposits, mutual funds, SIPs and Gold. If the returns are less, I am good with it, I would look at the security part and give more weightage to it. What is your take on this topic?

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