Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 06/01/2024, 22:11:26 UTC
Quote from: Biodom on Today at 08:44:15 PM
Quote from: JayJuanGee on Today at 06:42:34 PM
Quote from: Biodom on Today at 03:08:21 AM
Quote from: heslo on Today at 03:00:36 AM
I really like this, doing more than most exchanges in the space have

https://twitter.com/vaneck_us/status/1743300722928619779
Good to know...I am planning to slowly sell some of my money market funds into bitcoin ETFs in my IRAs (as we go from currently "lucrative" 5.4% to 4-4.5% interest in 2024, presumably). I was leaning toward Invesco or Fidelity before, but now will give VanEck a look, for sure. My money market funds are just a portfolio stabilizer...and now I want to "destabilize" it a bit, ha ha.
I suppose from experience you might know that you are going to have several options, and I imagine that some employers offer 401ks or various kinds of funds to employees, but they might not have very many options... .. It would be interesting to here hear what kinds of options that people have, and historically various kinds of government 401ks have not had any options for ETFs, and they have ONLY offered various kinds of index funds, so it will be interesting to see if some employers might start to offer more kinds of options in the funds that are available to the employees.
401a/k/b are usually limited..I have a couple, but they only offer index or sector funds..no fun, basically.
However, when you switch jobs, you can roll those funds from 401a/k/b into an IRA, tax free, and in IRA you may have everything, including foreign (Canadian, for example) securities (including ETFs) and even options.

I have a pretty decently-sized 401k that has no administration fees, but it only has various index funds that consist of government bonds, fixed bonds, common stocks, small cap stocks and international stocks.  I wonder if it would be worth it to roll it over.. because wouldn't the IRA have fees.. and maybe I don't really care that much, it is just one of my funds.. and as far as bitcoin I feel that I have enough exposure through direct holding of it.. but then there might be some other options that might be in a rolled over plan that could be enticing.. but then I am not sure if it would be worth the burden since I would also have to go through some kind of process of rolling it over and setting it up and getting used to it...

I could not imagine wanting to invest in a BTC spot ETF, since I already have a lot of BTC exposure.... but yeah, I could see how some folks might consider that they have so much dollar exposure through various income that they have and even with their 401k that they want to get some BTC exposure through some of  those 401k funds.. and surely I would have had consider myself in that same kind of a group in 2013, 2014, 2015 and even 2016 or early 2017, but as my BTC holdings grew so much relative to those 401k holdings, the 401k seem to be a drop in the bucket, even though earlier I had considered them as kind of BIG ass deals..