Stop investing in your 401k and start trading Crypto-Currency
With the average American’s IRA valuing just over 90k in 2017, it seems safe to say that many of us could benefit greatly from taking our money out of accounts with a trickling of earnings, and invest into the more volatile markets of various cryptocurrency. It doesn’t take a genius to see that having your savings in LTC would have been about 1338% more profitable in the last year, as opposed to leaving it in your IRA account.
LTC boasted a 1345% increase in value in from August of 2016, to August of 2017. With American working families having an average savings of $92,500 the potentiality for profits in the past year would allow some to have cashed in over $1,000,000. That means endgame profits, in a single fiscal year.
With crypto currency only gaining value and popularity, it is time the average person started exploring the ways a few minutes on your computer or phone could safeguard your financial future!
Here's a link to get you start with trading on coinbase, my preferred site for trading crypto-currency...
https://www.coinbase.com/join/599e5f2f788c9e02679b30a1
Sources
https://www.moneytalksnews.com/americas-average-ira-balance-anemic-how-you-stack/
https://www.coinbase.com/dashboard
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STOPI agree I just hope that some day I can actually use it to buy stuff I need .... likes car or vacation or even food .
I think that day will come inevitably, with the way things are going.
I'm pretty sure in some cases, you can purchase food with crypto.
Crypto currency is not the only high risk money maker out there but it does have the benifit of being fairly liquid depending on the amount. Bitcoin's long term volatility is ~40% meaning a 40% price change is not statistically significant. There are other similar investments like Junior miners that can do the same. You are right that we should invest in Litecoin etc but it does not have to be an all in approach. For the rate of rise of most of these currencies even 5% will probably get you to the end game if you are prepared to wait more than one year. If you lose 5% you wont be collecting food stamps in your old age.