Do you diversify? \ stacker news ~AskSN

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376 sats \ 28 comments \ @Aardvark 5h AskSN

I've had a 401k since before I got into bitcoin, but a large part of me feels like I'm just throwing money away. I'm investing into a fiat system that I expect to fail.

How about you guys? Are you spread out, or all in on bitcoin?

Yes 50.0%

No 50.0%

22 votes \ 19h left

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33 sats \ 0 replies \ @endothermicdev 2h

Besides bitcoin I just own some (micro)strategy options contracts. Ditched the 401k, but rolled over just a bit into a self directed IRA to play with options. The options dabbling has treated me very well, though I'm not sure I would count it as diversification.

59 sats \ 2 replies \ @Undisciplined 5h

Do you at least have the option of bitcoin ETF in your 401k?

35 sats \ 0 replies \ @Aardvark OP 5h

I don't.

20 sats \ 0 replies \ @DarthCoin 5h

LOL are you fucking serious? OMG this world is more fucked up than I thought.

198 sats \ 1 reply \ @grayruby 3h

I have a retirement account with a bunch of ETFs and equities which is about 1/3 bitcoin ETFs. Outside of that I no longer hold any equities. I sold everything I held during the last bear market and bought Bitcoin with the proceeds.

I also own some physical gold and silver from before I was into bitcoin. I have held on to it but haven’t bought any in 5 years.

40 sats \ 0 replies \ @Aardvark OP 2h

Bitcoin makes it hard to continue spending on other stuff...

12 sats \ 1 reply \ @DarthCoin 5h

0 sats \ 0 replies \ @Aardvark OP 5h

I already knew your answer 😁

42 sats \ 0 replies \ @SwapMarket 4h

Are you spread out, or all in on bitcoin? What does "yes" mean?

63 sats \ 5 replies \ @denlillaapan 4h

More like diworsify

22 sats \ 4 replies \ @Aardvark OP 4h

Yea, it feels like throwing money on a fire. I'm not sure if I should just pull it all out and put it in bitcoin.

What does the economist think, considering the penalties for taking it out.

21 sats \ 3 replies \ @denlillaapan 4h

not familiar enough with the specific U.S. rules about 401(k)s or withdrawals.

Unless it's a major portion of your wealth (i.e., it's much, much bigger than all your BTC or what you could expect to earn in the next few years), I would probably just keep it around as a backup.

My country forces me to pay into a 401(k)-like pension system (and gives me ~25% tax discounts for additional contributions), so while I don't max that out all the time (hashtag cashflow) I'm happy to keep it around as a bitcoin-failsafe protection. Basically: let's posit (as market prices are telling us these days) that I'm completely wrong about bitcoin. At least I won't starve in old age.

14 sats \ 2 replies \ @Aardvark OP 4h

I haven't been putting into 401k for long, it's really not much. Maybe I'll just leave it. If you take it out early you pay 10% fee plus capital gains tax.

21 sats \ 1 reply \ @denlillaapan 2h

Probably keep it, then

0 sats \ 0 replies \ @Aardvark OP 1h

Ty ty

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21 sats \ 0 replies \ @cryotosensei 1h

I actually don’t.

My country mandates that we contribute part of our salary to a nationwide compulsory retirement annuity plan called the Central Provident Fund.

I also have some fixed deposits, government bonds and treasury bills. I doubt my country will adopt BTC anytime soon, so I just find converting fiat to BTC to fiat very silly and cumbersome

21 sats \ 0 replies \ @BitcoinIsTheFuture 2h

Losers diversify

21 sats \ 0 replies \ @flat24 3h

"Always and weighing that the world 🌎 🌍 is badly distributed" and sincerely it is not a complaint.

But when I see cases like this, it is inevitable to think about that phrase. You with 400k and with Bitcoin's knowledge, and you don't know what to do, and I know people who may know what to do but have a hard time arriving at the end of the month.

Life is incredible but fascinating. 💪🤠🍊⚡

21 sats \ 0 replies \ @Bell_curve 3h

I'm about 50/50 bitcoin and mstr plus real estate which I'm going to divest this year

21 sats \ 0 replies \ @fiatbad 4h

Spread out a little.

50% Bitcoin. 25% small house that I live in and also rent the spare rooms. 25% 401k, IRA, and personal brokerage.

21 sats \ 0 replies \ @User21000000 4h

I have a house and mandatory superannuation no separate stocks or anything else. I did have bitcoin but I lost my keys on that boat trip

21 sats \ 0 replies \ @TheBTCManual 4h

I diversify out of the fact that those old fiat investments are stuck in that system until pensionable age i check on them from time to time but I basically consider it zero

21 sats \ 0 replies \ @Jon_Hodl 4h

Nope.

Diversifying is just selling the winners to buy the losers.

I'm all in on Bitcoin.