Bitcoin’s massive swings aren’t for everyone, but one investing shark is hungry for more cryptocurrency: Kevin O’Leary.
The O’Shares ETFs chairman and Shark Tank personality bought his first coin in 2017 and has been picking up speed ever since.
“I’ve grown the portfolio remarkably,” O’Leary told his audience during a Reddit Talk session last month.
“At the beginning of the year, I was at 3% weighting. The target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we’re almost at 10% today.”
However, O’Leary’s largest investment fund, O’Shares U.S. Quality Dividend ETF (OUSA), doesn’t invest in crypto at all. Instead, it seeks businesses with strong profitability, balance sheets and dividend growth.
If you’re looking to diversify your crypto-heavy portfolio with income-producing stocks, take a look at the top three holdings of O’Leary’s flagship fund. And if none of those appeal, O’Leary also invests in plenty of alternative assets…read more.