Michael A. Robinson
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Before Investing in Any ICO, Do This One Thing
I'm sick of them already.
Since about midyear, every morning I open my email box after eating breakfast and settling down at my desk.
And each and every morning that inbox is filled with "big opportunities."
No, I'm not talking about notes from Nigerian princes or offers to refinance my home. My spam filter catches just about all of those.
These notes come in from washed-up boxers, former beauty queens, aging reality TV stars, and other bottom-rung celebrities – and they're all pitching chances to "invest" in the latest initial coin offering (ICO). (Yes, I purposefully used "scare quotes" there.)
I'm sure your inboxes are filled with similar garbage – or maybe it comes through your kids' social media accounts.
Either way, I can't wait till this fad dies down some.
Now, don't get me wrong. I'm not saying you can't make money on ICOs. After all, they are based on digital currencies like Bitcoin – our "gold of tech" portfolio insurance. I've been immersed in Bitcoin virtually since it launched, and I remain a big backer of it, no matter what Jamie Dimon says.
The reason I want to talk to you about ICOs today is to make sure you understand what they are – and to make sure you don't get taken for a ride.
With that in mind, I'm going to show you the one thing you should do before investing in any ICO.
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