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/biz/ - Business & Finance

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14171229 No.14171229 [Reply] [Original]

it's right around the corner. DB will start it.

>recommend funds to others
>critique others' choices
>ask questions

let's take care of those gay 401(k)s

I'll start:

Reliance MetLife Series 25053 (Cash/Stable)
State Street Aggregate Bond Index K (SSFEX)

>> No.14171247
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14171247

>>14171229
Your boomer 401k can SUCK MY COCK

ALL IN CRYPTO BITCH #YOLO

>> No.14171277

>>14171247
your unemployed ass doesn't understand that for those of us who take money from other people, they give us locked funds that we do not have access to spend until unemployment. you can be 22 as a CFO for your freshie zoomer sandnigger-based porn company and have a 401k.

>> No.14171337

>>14171277
Yes I’m a neet an only god can judge me

>> No.14171372

>>14171229

>1/3 dude weed
>1/3 Japanese funneral service/ old age stocks
>1/6 large cap uranium miners
>1/6 small cap gold miners

I feel comfy for the upcoming market cycle.

>> No.14171616

>>14171229
dunno if your 401K has it but:
might as well be accumulating bitcoin through GBTC if you have Fidelity
or load up on some short-ETFs in tech (semis, FAANG, chicoms like BIDU, JD.com, BABA) while trade war

>> No.14171624
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14171624

>>14171337
based and cryptopilled

>> No.14171684
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14171684

>>14171229
tqqq

>> No.14171703

401ks are for pussy faggot wagecucks

>> No.14171719

>>14171616

401k through bitcoin?? How

>> No.14171744

>>14171719
if your 401k/IRA can buy common stock then you should be able to buy $GBTC (using a big boy brokerage Fidelity, TD Ameritrade, etc.)

>>14171703
even after your wage cucking tenure you still have a 401k/IRA. don't wanna cash that out or it's taxable

>> No.14171836

>>14171744

Just checked.. seems like my 401k through fidelity does not offer it..

Is it a really good idea to put all bets on btc though?? I’m pretty bullish but it fluctuates heavily.. the only reason I opened a 401k is to go against it..

>> No.14171867

>>14171836
go against it? huh? what does a 401k have to do with being bullish/bearish on bitcoin. It's just a retirement (tax shelter) account where you trade ETFs or stocks.

>> No.14171920

>>14171372
>large cap uranium miners
there's more than one?

>> No.14171934

>>14171920
Uranium Two, i.e. the CIA

>> No.14171975

>>14171744
>2% fee
lool

>> No.14172034

>>14171975
yeah I dunno where those rules come into play but I don't have 50k worth of GBTC and I buy and sell it all the time on Fidelity.

>> No.14172328

>>14172034
you do or don't own GBTC?

>> No.14172372

>>14172328
I've swung traded with it. Most of its allure comes from the premium. So basically when there's a disconnect between the price change and the demand for GBTC you can make quite a bit.

https://www.neotechdevs.com/gbtc/

The supposed rules are that you must have 50k worth of GBTC, and hold it for one year with a 2% annual fee, but I can freely trade it on Fidelity. 4.95 per trade.

>> No.14172387

>>14171372
>>14171372
Aren't a lot of japense just dying alone and letting the State cremate them? Idk if funeral stocks are worth it for them.

>> No.14172453

>>14172372
Why isn't the premium fixed relative to the price of Bitcoin? How does it change relative to the share price over time? It honestly makes more sense to just take the early withdrawal penalty of 10% so that you can own real Bitcoin and control it instead of paying 20% to buy shares of gbtc and they control the Bitcoin

>> No.14172471

>>14172453
the reason is that GBTC doesn't trade over the weekends. So times like this when it's mooning will make my monday be a nice fat trade

>> No.14172482

>>14171229
I have DB shorts. When this collapse gonna come?

>> No.14172579

>>14172372
Ah, gotcha. I was gonna throw some rollover money market IRA funds into it on Vanguard, but I was confused what the implications would be. Says only a trade commission fee of $7 USD but apparently there are other fees/tax implications?

>> No.14172650

>>14172579
>>14172471
that's the other benefit of trading in a IRA/401k so you'll be able to trade and have not issues with taxes.

With Fidelity I bought and sold 20k worth of GBTC over a week. Only 4.95 fee to buy, 4.95 fee to sell, and 20 cent fee to the GBTC merchants. 20 cent isn't nowhere near a 2% fee. Worth it for a couple thousand dollar profit.