You may recall that two months ago I put myself on the waiting list for a Choice IRA [Here]. Well, my number finally got called. I started the opening and funding process while BTC was still about 20k, so I decided to roll over 20k from one of my existing IRAs so that I could hodl a full bitcoin there. Unfortunately, the market decided to not cooperate with my plan and BTC doubled before my rollover was completed. Not wanting to be left out of the party entirely, I decided to purchase 10% of a BTC at exactly 40k, and hold out hope we get a correction. As you can see, the transaction took about 24 hours to complete, so this account is by no means something you could day trade with. This account is clearly for some HODL bags.
A Full Bitcoin
Even with a decent correction, I will still most likely need to deposit another 10k or so to get a full BTC in this account. I don't think 16k is going to cut it. There are worse problems to have I suppose. I'm already up $80! I hope the timing works out with a correction. I know it's counter-intuitive that I want a correction now that the 40k seal has been broken.
What Can You HODL on Choice?
Besides BTC, there are a number of other traditional and crypto assets you can purchase right from the app. On the traditional side, these include AAPL, AMZN, BA, GOOG, IBM, MCD, and MSFT. Besides BTC, for crypto you can purchase BCH, EOS, ETH, LTC, XLM, XTZ, and ZEC. Apparently you can also hold alternative investments such as real estate, and precious metals such as gold. On the back end, trading for crypto assets is done through Kraken, and traditional by InteractiveBrokers. Below is the current list:
Most likely I'll buy a few BCH to hold in here as a hedge against BTC. I'm also not sure at this point how I transition over to the Casa, 'Hold Your Keys' version. I suspect that more functionality and assets will be added to this website, as it seems to have the minimum currently. Seeing my goal is to have a tax-sheltered BTC, that's good enough for me.
If you are interested in opening an account, go to https://www.retirewithchoice.com/ and check it out.
Posted Using LeoFinance Beta