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UPS Retirement Topics
Bitcoin/Ethereum/cryptocurrencies
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<blockquote data-quote="Brownslave688" data-source="post: 3201640" data-attributes="member: 34439"><p>Does one need to throw everything into cryptos? No but some exposure isn't bad. </p><p></p><p>Hypothetically one has 100k retirement account. Losing 5k of that is not going to make any tangible difference in quality of life over the long run. </p><p></p><p></p><p>Take that 5k and let's say you buy Ethereum with it. Ethereum goes up 5 fold on the year. While the other 95% gets a normal return of 7%. Now you have $131,650 after one year. </p><p></p><p></p><p>The alternative is Ethereum tanks to zero. You lose that 5k but you still make 7% on the 95k. You end up with $101,650. Not really much better or worse off than you were before. </p><p></p><p></p><p>Option 3 you do nothing and make 7% on the 100k you got 107k. You're only up 6.5k over totally losing that 5%. </p><p></p><p></p><p>Worth the risk for me.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 3201640, member: 34439"] Does one need to throw everything into cryptos? No but some exposure isn't bad. Hypothetically one has 100k retirement account. Losing 5k of that is not going to make any tangible difference in quality of life over the long run. Take that 5k and let's say you buy Ethereum with it. Ethereum goes up 5 fold on the year. While the other 95% gets a normal return of 7%. Now you have $131,650 after one year. The alternative is Ethereum tanks to zero. You lose that 5k but you still make 7% on the 95k. You end up with $101,650. Not really much better or worse off than you were before. Option 3 you do nothing and make 7% on the 100k you got 107k. You're only up 6.5k over totally losing that 5%. Worth the risk for me. [/QUOTE]
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