The saga of Bitcoin continues.  Over the last 3 days, the Bitcoin futures fund GBTC is -49%.  While it’s impossible to tell what’s next for Bitcoin, this is a prime example of why fiduciary advisors should NOT be giving in to client requests to own this fund.  Regardless of if it’s Bitcoin, or a sector, or a specific stock, with price action as wild as it’s been, it would be reckless to have this in a client’s investment portfolio.

Here’s what I’ve been reading this morning:

‘Investors are Like Gardeners, Not Carpenters’ – Brendan Mullooly – Mullooly Asset Management

‘Mets Name Omar Minaya Special Assistant to GM Sandy Alderson’ – Steve Adams – MLB Trade Rumors

‘What the Fork?’ – Josh Brown – The Reformed Broker

‘5 Tax Strategies for 2017 That Take Advantage of Tax Reform’ – Peter Lazaroff

‘Importance of Bond Fund Expense Ratios’ – Todd Rosenbluth –