Originally posted by EasyMoney00
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james.c.hendrickson@gmail.com
202.468.6043
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On 12/8/24 I requested a direct transfer in cash $52,000 from custodian A (traditional brokerage) to custodian B (crypto brokerage) in my Roth IRA accounts. On 1/31/25, the funds finally settled in custodian B which is a crypto Roth IRA account. It took almost 2 whole months. Will be using these funds to buy BTC exclusively. This question might seem quirky to some since it involves buying bitcoin but let's say you would be buying stocks with this money would you buy it all at once or dollar cost average overtime let's say $5000 per week.
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Originally posted by QuarterMillionMan View PostThis question might seem quirky to some since it involves buying bitcoin but let's say you would be buying stocks with this money would you buy it all at once or dollar cost average overtime let's say $5000 per week.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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Originally posted by QuarterMillionMan View PostThis question might seem quirky to some since it involves buying bitcoin but let's say you would be buying stocks with this money would you buy it all at once or dollar cost average overtime let's say $5000 per week.
I'm not really sure if this entirely applies to commodities/currencies, since they don't actually grow/create income ... but it's likely still best/simplest to follow the standard advice.
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Originally posted by QuarterMillionMan View PostI'm getting cold sweat thinking about a lump sum of $52,000 in bitcoin.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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