A recent executive order in Washington could open the door for everyday investors to explore alternative investments like cryptocurrency and private equity for their retirement accounts.
Triston Hasty-Grant, a wealth advisor at Waterstone Private Wealth Management, explains the basics and potential pros and cons.
"Alternative investments, put most simply, are investments that aren't your typical stocks, bonds, cash, mutual funds, or ETFs."
"There's alternative investments historically have been for the ultra high net worth, ultra wealthy people. But this all this executive order allowing alternative investments really is kind of bringing some of these more complicated and sophisticated investment vehicles to the everyday investor."
"Absolutely. This is a really exciting development. It