401(k) Case Lawyer: The goal of ordinary people is to have a safe and reliable retirement plan, the Fluctuation of Crypto Assets in the short and medium term poses significant risks.

On August 8, President Trump signed an executive order on Thursday allowing alternative assets such as private equity, Crypto Assets, and real estate to enter workplace retirement plans. However, some investor rights advocates warn that while these new investments may offer enticing returns, they also pose significant risks to long-term retirement savers. Jerry Schlichter, founding partner of the law firm Schlichter Bogard, which specializes in high-fee litigation for 401(k), stated: "The goal for ordinary people is to have a safe and reliable retirement plan, and new areas like Crypto Assets or private equity are fraught with dangers for investors." Investment experts typically recommend allocating core long-term portfolios in diversified assets that can provide stable returns over the long term (at least decades). Jerry Schlichter pointed out that given the long-term upward trend of the stock market, broad-based stock index funds are a suitable investment choice for 401(k). The issues with Crypto Assets are evident. While certain Crypto Assets have delivered astonishing returns, these assets have existed for too short a time to prove their safety. "Crypto Assets have no long-term performance history, and their short- to medium-term performance is highly volatile," Schlichter said. "If you don't understand this investment, you shouldn't rely on it as a retirement asset." (CNBC)