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/biz/ - Business & Finance

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20754137

S-should I take a loan from my 401k? Anonymous Mon Jul 27 21:27:42 2020 No.20754137 [Reply] [Original]

I can take out up to $20k and at the very least I'm buying 1 BTC.

>>	Anonymous Mon Jul 27 21:29:07 2020 No.20754176 Just buy gbtc with your 401k

>>	Anonymous Mon Jul 27 21:29:14 2020 No.20754180 >>20754137 go down to the casino and put it all on red, you little bitchmade nigger.

>>	Anonymous Mon Jul 27 21:29:45 2020 No.20754197 >>20754137 Invest only what you can afford to lose. Assume you lose 100% of your bitcoin, and then ask yourself: can I still repay the loan as I would have before? If that answer is yes, go for it.

>>	Anonymous Mon Jul 27 21:38:55 2020 No.20754436 Invest in top 11 alt coins on coin market cap

>>	Anonymous Mon Jul 27 21:41:00 2020 No.20754494 >>20754137 cash out your entire 401k - they let you do it without penalty until dec 31st - that NEVER happens.

>>	Anonymous Mon Jul 27 21:44:58 2020 No.20754582 >>20754137 I'd wait for those gaps to get filled. BTC can't stay over $10k for long

>>	Anonymous Mon Jul 27 21:47:28 2020 No.20754673 >>20754494 Source? I think that might only be if you're affected by the virus.

>>	Anonymous Mon Jul 27 21:54:52 2020 No.20754868 File: 57 KB, 540x360, 94018591585676.jpg [View same] [iqdb] [saucenao] [google] >>20754582

>>	Anonymous Mon Jul 27 22:03:39 2020 No.20755061 I took my 401k out, about 40k. Bought btc and had a higher rate of return than buying SP500. You should definitely do that, there is no fee, just have to say you suffered financially from covid.