Reply to Have 100k for investment- where would you put it?

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Reply to "Have 100k for investment- where would you put it?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Another vote for Bitcoin[/quote]

The OP asked this question on 12/13. Bitcoin was at 19,100. Today it's at 24,100.

That 100k would now be worth 126k....9 days later. Even for the nervous it would be well worth the cap gains hit to flip.

Headed to 40k a btc.[/quote]

The numbers are even more dramatic this morning. 2 weeks after the question was asked. That 100k would be worth 145k right now. [/quote]

Only if you sell it. And if you do, you are paying the highest tax rate on the profit. So that 45,000 is really more like 30,000. Which is nothing to sneeze at for 2 weeks of "work" - but the market could just as easily taken a 10% haircut in the same period of time. Case in point, what will the markets look like on Monday if Trump hasn't signed the COVID bill? People being thrown out of Unemployment and their dwellings, landlords holding the bag, more businesses closing, and people selling to lock in gains for the year.[/quote]

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