Each week, we answer questions we think will help you learn about investing in pre-IPO startups and cryptocurrencies. If you have any questions for us, please email us at [email protected]. Just remember, we can only answer your general questions for information and strategy. We can’t offer personal advice.Today, Adam Sharp and I take two questions below:

Q: I am new to all of this. I don’t have a lot of money to invest, but I would love to know details on where to begin. I need some kind of cushion for me and my son’s future. To be honest, I am on a fixed income but would like to invest something somehow for our future not far from now. Are you able to get physical cash out of investing into the bitcoin (BITCOMP) world down the road?

A: OK, lots here to dig into…

I’m concerned about your overall financial situation. You say you don’t have “a lot of money to invest.” I hope you mean above and beyond what you spend on necessities.

But even if that’s the case, the overwhelming majority of your investments should be in less risky assets. Not having much to invest is no excuse to put proportionately more into crypto.

Invest in the stocks and bonds of your choice, as you should already be doing, as well as ETFs that follow interesting asset classes like gold, other commodities, real estate and the stock markets of non-U.S. countries. Then use what you have left on the crypto recommendations Adam and I recommend.

By the way, we recommend that 1% to 5% of your portfolio should be in crypto, but of course only if you can afford it. That means if you’re investing $1,000, $50 should go into crypto.

You may be tempted to invest more than that, especially if the amount you have left for cryptocurrency investments isn’t as much as you’d like.

I’d be careful here. Crypto investing has high upside. You can definitely hit home runs in this space. But it also carries more risk than your other “normal” investments. Our advice applies to EVERYBODY, regardless of their income bracket.