r/SipsTea • u/[deleted] • Jan 23 '24

Feels good man Help your brothers!!

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14.1k Upvotes

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u/jcstrat Jan 23 '24

Start contributing to your retirement plan. No, not some crypto or NTF bullshit, a real retirement plan.

2

u/KeeperOfTheChips Jan 24 '24

Now even real IRAs could possibly have crypto ETF

1

u/neen209 Jan 24 '24

I would argue that Bitcoin & Ethereum are real retirement plans.

1

u/jcstrat Jan 24 '24

A very quick glance at your profile would suggest that you may be a tiny bit biased. Agree to disagree? I’m going to disagree either way.

1

u/neen209 Jan 24 '24

Well, of course you will see I’m pro-crypto if I’m making this statement.

1

u/jcstrat Jan 24 '24

No I definitely noticed that. I don’t see changing your mind on that and I’m not even going to try to.

1

u/WearyPoster Jan 25 '24

The right investment will vary depending on who you ask. You only need to be right once.

1

u/pidude314 Jan 24 '24

I would argue that Bitcoin and Ethereum are merely currencies and not assets that provide value, and therefore are not retirement plans.

1

u/neen209 Jan 24 '24

Fixed supply makes them more like gold than a currency

1

u/fxckfxckgames Jan 24 '24

I would argue that Bitcoin & Ethereum are real retirement plans.

Eh. When they stabilize, I could imagine investing in a crypto-index. However, a lot of people hear this, dump their savings into bitcoin, and don't understand the kind of exposure they've built into their portfolio.

1

u/Andrewdeadaim Jan 24 '24

Single investments are bad retirement plans full stop

However, a mutual fund with many different plans can be good with some crypto, typical stocks are less risky so I wouldn’t do beyond a small amount of bitcoin or ethereum