Retirement fund - page 2. | Bitcointalksearch.org

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: spatifilium on June 12, 2017, 11:50:51 AM

I thought I'd start collecting some coins as a retirement investment.
What do you think which coins would pay off as a long-term investment?
I mean that in a period of 10-20 years.
I started collecting Siacoin, Ripple and Lisk. Any potential there?
What do you think of that idea in general?

keep Siacoin and cut of Lisk and Ripple.

Add 100 XMR and 1000 AEON, and you will be fine.

bustomi

full member

Activity: 224

Merit: 100

Quote from: renes on June 12, 2017, 03:24:50 PM

Sia is a good option I think. And add also bitcoin, I really believe it will be 500k in the future.

yeah you are right, also add at least 10 kind of coin for long investment because any other altcoin also will raising on the future

justone123

sr. member

Activity: 810

Merit: 258

I disagree, bitcoin is a very unstable investment right now. I would not be willing to risk anything in bitcoin until the scallability issues are resolved(wait till august first atleast). The fork could be nasty.

Don't trust bitcoin at this time!!

Also Ripple has very bad fundamentals, i don't see any reason why it would gain value. If you want to use centralized system, you can use PayPal. Also no bank will use Ripple, and even if they did they would buy them from Ripple the company and not from the market. Not to mention Ripple continues to dump their coins to you, stupid buyers. They locked 88% of the funds for 4 years, but in those 4 years they can dump 1,5M$ EVERY day for 4 * 365 days. Now go figure if it's a worthy investment.

finnovatie.nl

member

Activity: 100

Merit: 10

Quote from: Bowtiesarecool on June 12, 2017, 03:16:31 PM

Quote from: bkbirge on June 12, 2017, 12:33:22 PM

The basic general advice I've always seen is when you are young then your investments should tilt toward growth and as you get older gradually tilt toward more stable.

With that in mind altcoins are fine as part of your portfolio particularly for aggressive growth.

But 2 rules:
1) Always adjust your portfolio, at least review once per quarter to make sure your performance is going where you want it.
2) Diversify. That doesn't just mean a bunch of different altcoins. That could mean some bitcoin, some altcoin, some gold/silver, some mutual funds, an IRA, some stocks, some cash hidden in your coffee can, etc. The split you choose for these is very personal but basically all come down to how you view risk management.

Also I think most people would consider their retirement savings to be of the "buy and hold" variety and avoid trading too much with it if at all.

Also another thing I see very few people doing is having a target for their retirement, in years and fiat. There are many calculators on the net that can help you with this.

Like he said, the most important part is reviewing your portfolio every once in a while to evaluate the progress of your prospects and never bet the farm on one coin alone

And when investing a small percentage in altcoins remember to stay updated on the last developments of these altcoins. Some altcoins have to get exchanged when a hardfork is coming.

renes

sr. member

Activity: 532

Merit: 250

Sia is a good option I think. And add also bitcoin, I really believe it will be 500k in the future.

Bowtiesarecool

sr. member

Activity: 1050

Merit: 295

Quote from: bkbirge on June 12, 2017, 12:33:22 PM

The basic general advice I've always seen is when you are young then your investments should tilt toward growth and as you get older gradually tilt toward more stable.

With that in mind altcoins are fine as part of your portfolio particularly for aggressive growth.

But 2 rules:
1) Always adjust your portfolio, at least review once per quarter to make sure your performance is going where you want it.
2) Diversify. That doesn't just mean a bunch of different altcoins. That could mean some bitcoin, some altcoin, some gold/silver, some mutual funds, an IRA, some stocks, some cash hidden in your coffee can, etc. The split you choose for these is very personal but basically all come down to how you view risk management.

Also I think most people would consider their retirement savings to be of the "buy and hold" variety and avoid trading too much with it if at all.

Also another thing I see very few people doing is having a target for their retirement, in years and fiat. There are many calculators on the net that can help you with this.

Like he said, the most important part is reviewing your portfolio every once in a while to evaluate the progress of your prospects and never bet the farm on one coin alone

bkbirge

sr. member

Activity: 1197

Merit: 482

The basic general advice I've always seen is when you are young then your investments should tilt toward growth and as you get older gradually tilt toward more stable.

With that in mind altcoins are fine as part of your portfolio particularly for aggressive growth.

But 2 rules:
1) Always adjust your portfolio, at least review once per quarter to make sure your performance is going where you want it.
2) Diversify. That doesn't just mean a bunch of different altcoins. That could mean some bitcoin, some altcoin, some gold/silver, some mutual funds, an IRA, some stocks, some cash hidden in your coffee can, etc. The split you choose for these is very personal but basically all come down to how you view risk management.

Also I think most people would consider their retirement savings to be of the "buy and hold" variety and avoid trading too much with it if at all.

Also another thing I see very few people doing is having a target for their retirement, in years and fiat. There are many calculators on the net that can help you with this.

adroitful_one

legendary

Activity: 1568

Merit: 1041

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Quote from: jeffthebaker on June 12, 2017, 12:07:19 PM

I don't think any cryptocurrency is a worthy retirement investment- so much can change in 10-20 years! With that being said, if you're looking to hodl long term, your best bet is Bitcoin. It's the blue chip of crypto, like it or not.

Definitely put the majority of your funds into Bitcoin. Then, if your really want to diversify it, you can put a small percentage of it into ETH. This is what i'm currently doing. I do think you can get a decent return off of ETH in a few years. However, I wouldn't risk that much long term on it

jeffthebaker

legendary

Activity: 1526

Merit: 1034

I don't think any cryptocurrency is a worthy retirement investment- so much can change in 10-20 years! With that being said, if you're looking to hodl long term, your best bet is Bitcoin. It's the blue chip of crypto, like it or not.

Speakmore

newbie

Activity: 68

Merit: 0

Well, I don't know too much about savings accounts and shiznit like that... But when you refer to retirement planning/savings -- typically you want something safe that has a greater chance of accruing money overtime. That's my guess.

That being said, think your best bet is by far Ethereum. Problem with that is I'm not entirely sure how much more it'll go up (exponentially). I think you can get about 3x your investment, especially in the years to come if you can lock it away. Very safe investment imo - compared to your other listed coins.

spatifilium

sr. member

Activity: 364

Merit: 250

I thought I'd start collecting some coins as a retirement investment.
What do you think which coins would pay off as a long-term investment?
I mean that in a period of 10-20 years.
I started collecting Siacoin, Ripple and Lisk. Any potential there?
What do you think of that idea in general?

Topic: Retirement fund - page 2. (Read 1744 times)