BGOL Investors, got a Roth IRA question....

[Flawless]

I completely understand the expense ratio thing. Have you thought about incorporating some moderately aggressive ETF's into your portfolio? ETFS always have much lower expense ratios because they do not buy and sell (thats part of why expense ratios are higher as you know) - ETFs have a good track record of providing moderate growth with much lower expense ratios because of the way they are traded. I mean we're talking about a 200 to 300 basis point difference in expense ratios

Yes I have 2% each in UPRO and TMF which are triple leverage etfs, but most of my portfolio is in the s&p and I own a couple stocks.

 

[DC_Dude]

I believe I always contributed, but it was minimal for a decade and change. I think there are a few things at play:

1. When you're young, retirement doesn't even seem real. And depending how much dough you're making (or not) when you starting out, your first instinct is to try to keep as much money close as possible. Unless you have someone in your ear that can explain how advantageous retirement accounts/savings can be, folks tend to view that money as just an extra expense instead of what it can become.

2. I didn't realize how many folks have no idea what is actually IN their retirement accounts. Some think it's just a bank account or magic money savings machine, not realizing that there are actual businesses behind these funds, that will compound your money backed by the machine that is the American Economy (VTI/S&P, at least).

When I finally put that in perspective (way too late), that's what really turned me on to things. At a base level, in my mind, this whole investing thing is the easiest way to actually become a business owner w/o the bullshit and friction. As long as you're patient it really can be a magic money machine and grow whatever money you DO have.

Like Marks says the key is to BE invested.

FACTS

 

[An RnB Thug]

I believe I always contributed, but it was minimal for a decade and change. I think there are a few things at play:

1. When you're young, retirement doesn't even seem real. And depending how much dough you're making (or not) when you starting out, your first instinct is to try to keep as much money close as possible. Unless you have someone in your ear that can explain how advantageous retirement accounts/savings can be, folks tend to view that money as just an extra expense instead of what it can become.

2. I didn't realize how many folks have no idea what is actually IN their retirement accounts. Some think it's just a bank account or magic money savings machine, not realizing that there are actual businesses behind these funds, that will compound your money backed by the machine that is the American Economy (VTI/S&P, at least).

When I finally put that in perspective (way too late), that's what really turned me on to things. At a base level, in my mind, this whole investing thing is the easiest way to actually become a business owner w/o the bullshit and friction. As long as you're patient it really can be a magic money machine and grow whatever money you DO have.

Like Marks says the key is to BE invested.

I worked with a dude that contributed the max for 35 years
when he retired (2018) he had 1 Million dollars
I made more than him in 2018 in just 6 months off of $2,000
While Crypto is a bigger risk it's a BIGGER reward.
I'm not giving my money to cacs to play with anymore...ever
Whatever they can do, I can do better....for free

 

[doe moe]

I worked with a dude that contributed the max for 35 years
when he retired (2018) he had 1 Million dollars
I made more than him in 2018 in just 6 months off of $2,000
While Crypto is a bigger risk it's a BIGGER reward.
I'm not giving my money to cacs to play with anymore...ever
Whatever they can do, I can do better....for free

Fam, how do you get your crypto fund over to cash?

I admit outside of a couple buzz words, I'm not hip to crypto.

 

[An RnB Thug]

Fam, how do you get your crypto fund over to cash?

I admit outside of a couple buzz words, I'm not hip to crypto.

You send to an "off ramp" (Coinbase, Kraken etc etc)
Takes about 36 hours to hit your bank account.
You really need to school yourself dogz, you missing out on a whole new world

 

[Madrox]

I worked with a dude that contributed the max for 35 years
when he retired (2018) he had 1 Million dollars
I made more than him in 2018 in just 6 months off of $2,000
While Crypto is a bigger risk it's a BIGGER reward.
I'm not giving my money to cacs to play with anymore...ever
Whatever they can do, I can do better....for free

Congrats mayne, you def have a plan that works for you. However you can get it, get it.

I have a little here and a little there. But def trying to stay solvent as I build my lil snowball.

If someone new to crypto, what would you recommend they start with? Are you timing in and out, or DCA'ing every month and letting your stash grow?

What do you do with the gains (roll them over to HYS, Index fund, or bonds?) and how do you handle taxes (if any)?

I do own some crypto but I DCA and let it chill for now. It would be interesting to hear how you manage yours and what your end goal is.

 

[An RnB Thug]

Congrats mayne, you def have a plan that works for you. However you can get it, get it.

I have a little here and a little there. But def trying to stay solvent as I build my lil snowball.

If someone new to crypto, what would you recommend they start with? Are you timing in and out, or DCA'ing every month and letting your stash grow?

What do you do with the gains (roll them over to HYS, Index fund, or bonds?) and how do you handle taxes (if any)?

I do own some crypto but I DCA and let it chill for now. It would be interesting to hear how you manage yours and what your end goal is.

This is all simple.
Open a metamask wallet. Fund it with ETH (bought from Coinbase or some other on ramp)
swap ETH to low cap low price ALT coins and wait...... Try to spread out to 4-5 coins
At least ONE will hit crazy. Then you have your bread. You can swap to USDC and keep it there
or you can cash out to your bank account. Taxes, as long as you keep in your Metamask wallet no one is the wiser.
It's you bread tax free

 

[Madrox]

This is all simple.
Open a metamask wallet. Fund it with ETH (bought from Coinbase or some other on ramp)
swap ETH to low cap low price ALT coins and wait...... Try to spread out to 4-5 coins
At least ONE will hit crazy. Then you have your bread. You can swap to USDC and keep it there
or you can cash out to your bank account. Taxes, as long as you keep in your Metamask wallet no one is the wiser.
It's you bread tax free

Thanks G. Appreciate the advice. I think I do something similar with my BTC and ETH + ALT Coins, but I'm just DCA'ing them as if they are their own fund in Coinbase.

... just not with the added layers for protection and tax considerations (I'm just letting it ride and don't make withdrawals/swaps tho).

But back to retirement: do you put/hold/ re-allocate into anything more steady for long-term growth? Escape planning?

 

[Jumbodicc]

Man invest YOUR OWN MONEY.
Stop giving it to cacs who get paid whether you lose or make money.
I'm amazed that so many people keep following outdated and old fashion ways to make bread. You have a Crypto bullrun about to take off and you giving bread to a Roth IRA?!?!?! #My2Cent

Roth IRA is for tax treatment. Your money grows tax free and all of your withdrawals a federally tax free. Also, the reason why you choose "No Load" index funds is because there's no SC and the fees are very low. You don't want the volatility of crypto in your retirement accounts

 

[An RnB Thug]

Thanks G. Appreciate the advice. I think I do something similar with my BTC and ETH + ALT Coins, but I'm just DCA'ing them as if they are their own fund in Coinbase.

... just not with the added layers for protection and tax considerations (I'm just letting it ride and don't make withdrawals/swaps tho).

But back to retirement: do you put/hold/ re-allocate into anything more steady for long-term growth? Escape planning?

Not by conventional means anymore
I use Bitcoin as a "long term growth" investment. In 10 years it will be 1 million a coin

 

[Supersav]

You can also trade options out of your IRA if you want to be aggressive

 

[An RnB Thug]

Roth IRA is for tax treatment. Your money grows tax free and all of your withdrawals a federally tax free. Also, the reason why you choose "No Load" index funds is because there's no SC and the fees are very low. You don't want the volatility of crypto in your retirement accounts

To each their own.
Bitcoin has out performed any IRA, SP, 401k fund, Gold...you name it, exponentially times 10x. If you want it to be tax free it can be if you choose. But again, do what you know/want

 

[Jumbodicc]

To each their own.
Bitcoin has out performed any IRA, SP, 401k fund, Gold...you name it, exponentially times 10x. If you want it to be tax free it can be if you choose. But again, do what you know/want

In retirement the money you keep is more important than the money you earn. Nobody is disputing the performance of bitcoin, now show me the volatility of bitcoin and tell me you want your retirement account to fluctuate like that.

 

[An RnB Thug]

In retirement the money you keep is more important than the money you earn. Nobody is disputing the performance of bitcoin, now show me the volatility of bitcoin and tell me you want your retirement account to fluctuate like that.

Have you been reading what I wrote?
You can turn it into $USDC in seconds.
Besides, even WITH its volatility it STILL out performs everything else. So that's a bad comparison.

 

[Jumbodicc]

Have you been reading what I wrote?
You can turn it into $USDC in seconds.
Besides, even WITH its volatility it STILL out performs everything else. So that's a bad comparison.

We got here because of Roth IRA question, I'm only commenting on the suitable investments for a Roth.

How do you convert crypto into $USD without the IRS taking their chunk?
What advice would give to someone retiring in 2018 or 2022 when it comes to the volatility of Bitcoin?

 

[An RnB Thug]

We got here because of Roth IRA question, I'm only commenting on the suitable investments for a Roth.

How do you convert crypto into $USD without the IRS taking their chunk?
What advice would give to someone retiring in 2018 or 2022 when it comes to the volatility of Bitcoin?

Listen man, first all its $USDC not USD
Second. You're right. GL
I'm not on here to debate with people.
I wish you the best

FYI - If you dont know about something SAY SO. Stop assuming and making crazy statements because your ignorance. It's painful to read

I'm done

 

[Jumbodicc]

Listen man, first all its $USDC not USD
Second. You're right. GL
I'm not on here to debate with people.
I wish you the best

FYI - If you dont know about something SAY SO. Stop assuming and making crazy statements because your ignorance. It's painful to read

I'm done

I'm literally asking questions, which is an indicator that I don't know. And you're avoiding answering these questions which is an indicator that you don't know either. You only feel like it's a debate because you don't have the information, and that's ok too.

Whenever you ask a crypto nigga to give you insight or more information about something they can't, why? This is a forum for ALL of us to learn, why not share the information with the fam? Nobody said bitcoin wasn't a good investment, I'm just saying it's not a suitable investment for retirement because it's not. Bitcoin might help you avoid market risk, but you're swimming in Currency, Liquidity, and Legislative risk. BTC is not a registered security, how can you get tax free growth on that and convert your BTC to income in the US without the IRS knowing about it? And what do you say to the retiree on Jun 2022 when they watched their retirement account dropped -37% in a month?

 

[killagram]

Have you been reading what I wrote?
You can turn it into $USDC in seconds.
Besides, even WITH its volatility it STILL out performs everything else. So that's a bad comparison.

Umma have to link up...soon...brah

 

[An RnB Thug]

I'm literally asking questions, which is an indicator that I don't know. And you're avoiding answering these questions which is an indicator that you don't know either. You only feel like it's a debate because you don't have the information, and that's ok too.

Whenever you ask a crypto nigga to give you insight or more information about something they can't, why? This is a forum for ALL of us to learn, why not share the information with the fam? Nobody said bitcoin wasn't a good investment, I'm just saying it's not a suitable investment for retirement because it's not. Bitcoin might help you avoid market risk, but you're swimming in Currency, Liquidity, and Legislative risk. BTC is not a registered security, HAHAHAHAHA how can you get tax free growth on that and convert your BTC to income in the US without the IRS knowing about it? And what do you say to the retiree on Jun 2022 when they watched their retirement account dropped -37% in a month?

Just sad. You seem like a smart guy. Go find the answers, there are threads on it in here.
I don't have the patience for smart alecks. They don't absorbed info, they just try and reinforce their point like you have.
I been through it several hundreds of times. Like I said good Luck
Pay into something for 40 years, I wish you the best and I mean that.

#IDonKnowSHIT

 

[doe moe]

Vanguard replied to my request.

Thank you for taking the time to email us. To exchange money between Vanguard mutual funds within your Roth IRA, follow these steps: 1. Log on to vanguard.com. 2. Select the "Transact" dropdown. 3. Choose the option for "Buy & sell." 4. Select the option to trade Vanguard mutual funds and follow the remaining prompts. Please note that an exchange between funds in a nonretirement account may be a taxable event. An exchange between funds within an IRA is not taxable.

Please rate your satisfaction regarding the service you received today, by copying and pasting this web address into your browser: https://cloud.e-vanguard.com/rmc_secure-message-survey If you have additional questions, we can be reached at: https://support.vanguard.com/ Sincerely, Deborah Ensign Registered Representative Vanguard Personal Investor

**For more information about Vanguard funds, Vanguard ETFs, or non-Vanguard funds offered through Vanguard Brokerage Services, visit vanguard.com, or call us, to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.** (c) 2024 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.

 

[Flawless]

Vanguard replied to my request.

Thank you for taking the time to email us. To exchange money between Vanguard mutual funds within your Roth IRA, follow these steps: 1. Log on to vanguard.com. 2. Select the "Transact" dropdown. 3. Choose the option for "Buy & sell." 4. Select the option to trade Vanguard mutual funds and follow the remaining prompts. Please note that an exchange between funds in a nonretirement account may be a taxable event. An exchange between funds within an IRA is not taxable.

Please rate your satisfaction regarding the service you received today, by copying and pasting this web address into your browser: https://cloud.e-vanguard.com/rmc_secure-message-survey If you have additional questions, we can be reached at: https://support.vanguard.com/ Sincerely, Deborah Ensign Registered Representative Vanguard Personal Investor

**For more information about Vanguard funds, Vanguard ETFs, or non-Vanguard funds offered through Vanguard Brokerage Services, visit vanguard.com, or call us, to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.** (c) 2024 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.

What was your question? Unless you are making a Roth contribution you might want to stay away from exchanging in and out of your Roth.

 

[doe moe]

What was your question? Unless you are making a Roth contribution you might want to stay away from exchanging in and out of your Roth.

My Roth IRA is holding a single index fund that is not aggressive.

All I want to do is move that money to another index fund that is more aggressive.

 

[Flawless]

My Roth IRA is holding a single index fund that is not aggressive.

All I want to do is move that money to another index fund that is more aggressive.

Ok, if it is another vanguard mutual fund you can just exchange into it. I prefer etf's but mutual funds are more convenient to auto invest.

 

[doe moe]

Ok, if it is another vanguard mutual fund you can just exchange into it. I prefer etf's but mutual funds are more convenient to auto invest.

Yes, that's it, I want to exchange into another Vanguard fund.

 

[doe moe]