Cryptocurrency: 401K and Bitcoin Investments
Do you have a 401k and really want to invest in Bitcoin?
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After some of reading and talking to brokers I found out there are Mutual Fund that invest in Bitcoin and we can invest in them through our 401K's.
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Now I'm sure many of you already knew this and could add some great value in the comments. Please comment and add that value, because I'm by no means an expert or even a novice and we need your input. All of us that don't want to lose our 401K's when the next bubble hits, need your advice and knowledge below.
What Mutual Funds Did I Find
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This is on Fidelity
KGLAX Summary - Kinetics Global Fund Class Advisor Class A
WWWEX Summary - Kinetics Global No Load ClassNo Transaction Fee
KINAX Summary - Kinetics Internet Advisor Fund Class A
KINCX Summary - Kinetics Internet Advisor Fund Class C
WWWFX Summary - Kinetics Internet Fund No Load ClassNo Transaction Fee
The issue is the investment in bitcoin is only about 3% of the funds overall holdings, but hey better than nothing, right?
Now you can't get access to these without adding the "Brokerage Link" to your account, but good news there is not a fee to do that. make sure you talk to your 401K advisers first though, because I don't know if that's due to my account or just a Fidelity in general thing
Now for me personally this seems like a great place to start investing in Bitcoin, because there are not fees and I'm hedging my "bet" quite a bit by using a mutual fund.
For others that are more experienced in buying and selling stocks and have a war chest of money to dish out, I did find a boat load of companies that will broker bitcoin purchase. But again this is simple and a good starting place.
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Now for you experts out there, please comment if there is a better way to invest in cryptocurrency let us all know please. Also if you can share your bitcoin investment experiences below that would be great too.
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excellent post
thanks, do you invest in bitcoin or crypocurrencies?
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Very good post @mattthought. . I have followed you. Would you like to visit my post and vote?
yeah I'll check out your stuff now, thanks
Nice article. Thanks for bringing this to our attention. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We do need more indept investment analysis. Besides coinmarketcap.com there is: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. Go to: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Research report
If ya'll want a strong investment plan visit https://bitpetite.com/?aff=kipparinga (bitpetite) Its a bittumbler that privatizes btc transactions using other currencies. You as an investor get paid dividends from fees they charge people to use their service.
You can invest your BTC, ETH, LTC and or XMR into bitpetite for either;
6 weeks - 4.5% daily and 1 % on weekends. Total return - 147% (47%, 100% being your original investment)
9 weeks - 3.6% daily 1% on weekends. Total return - 180% (80%, 100% being your original investment)
They recently updated their server to allow almost instantaneous withdrawals - you get paid hourly through dividends and can withdraw on demand. (within the minimum amount which is less than 5 dollars)
I would deem it low - medium risk as of now -
Good luck and happy investing :)