Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="pkgdriver" data-source="post: 5787065" data-attributes="member: 1472"><p>They do have some restrictions on what you can buy/hold.</p><p></p><p>You may not invest your SMA in foreign stocks, non-listed limited partnerships, commodities, futures, options, tax- free bonds and tax-free bond funds, or precious metals. Additionally, you may not engage in short selling (selling securities that are not held in your SMA) or trading on margin (borrowing money using securities in your SMA as collateral)</p><p></p><p>It has affected me a few times with a limited partnership,SPAC(s)and USO etf. The USO sends out a K1 form I believe so the fund had me sell it. Oilk doesnt and has been ok for me to buy. BITO(non spot/futures bitcoin) has been ok so far. A couple Gold and Silver Etfs have been accepted also.</p><p></p><p>The above is not an endorsement of any of these for YOUR 401k.</p></blockquote><p></p>
[QUOTE="pkgdriver, post: 5787065, member: 1472"] They do have some restrictions on what you can buy/hold. You may not invest your SMA in foreign stocks, non-listed limited partnerships, commodities, futures, options, tax- free bonds and tax-free bond funds, or precious metals. Additionally, you may not engage in short selling (selling securities that are not held in your SMA) or trading on margin (borrowing money using securities in your SMA as collateral) It has affected me a few times with a limited partnership,SPAC(s)and USO etf. The USO sends out a K1 form I believe so the fund had me sell it. Oilk doesnt and has been ok for me to buy. BITO(non spot/futures bitcoin) has been ok so far. A couple Gold and Silver Etfs have been accepted also. The above is not an endorsement of any of these for YOUR 401k. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?
Top