Love this thank you. Yeah I’m having very similar conversations with my one friend interested in this stuff.
Everything always takes so much longer to play out when you’re following it. Are we heading into the fourth turning…
Oh you are on the board of Core Scientific. I did not realise! I have been reading up on what they have been up to and of course impressed by the share price growth over the last 6 months. Well done!
It is hard when a position in your portfolio gets large...however if you have chosen the right investment it will naturally become a major part of your portfolio.
The weighting can feel risky.
Ask yourself if your original thesis for buying is still intact...don't panic sell. Whenever I have sold to trimmed a position for no other reason than that, I usually miss out and pay unnecessary tax.
#investing
My son only picks out the meat. Fascinating how kids tell us adults how to eat just with their intuition. There is a reason they throw the broccoli back at you!
The Australian Bitcoin Podcast I linked from fountain has some helpful info.
We used our accountant to set up the SMSF. That will cost a couple of grand a year in fees but he’s good and knows us.
We went with Macquarie Bank to hold the cash. It is then hit and miss which btc exchange they let you transfer to. They illegally cut you from certain bsb’s if they think the exchange is unsafe…that was stressful as they don’t give you an approved list. You just have to keep setting up an smsf profile with different Australian exchanges and hope they let you send money to it.
CoinSpot was at the top of a recent approved list I found and Macquarie let me use it. It took ages for orders to go through so clearly not very liquid but at least it’s done!
Don’t hesitate to ask any questions.
Glitch in the matrix!!
My glasses were in my car. When I went back to get them they were gone. Then I looked in the same place again and they were there.
Any #AUStrich with success transferring from an SMSF cash management account to a bitcoin exchange please let me know. I am getting blocked in all directions and they change the rules daily. It is absolute 🤬 #investing #smsf
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