The popularity of cryptocurrency investing could fuel charitable giving, says Fidelity Charitable, which found that 45% of cryptocurrency investors donated $1,000 or more to charity in 2020, compared to 33% of all investors.
Cryptocurrency’s popularity among millennials “makes it increasingly likely that this trend is here to stay,” Fidelity said in a release. It found that 35% of millennials own crypto, versus just 13% of investors overall, and almost half (48%) of millennials see themselves as knowledgeable about digital currency, compared to just 13% of all investors.
What’s more, nearly nine-in-ten millennials say charitable giving is an important part of their lives, compared to 74% of the total population.
But the full financial implications of investing in cryptocurrency are not yet widely understood — even among those who have invested, Fidelity said, noting that 38% of cryptocurrency investors in a survey it conducted over the summer were not aware that selling digital assets is a taxable event and that 55% were not sure that digital assets can be donated to charity.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
