Investor Kevin Lee has a list of cryptocurrency investments he’s considering investing in.
He’s been keeping an eye on what the cryptocurrency market is up to lately and said that investing in crypto-currencies could be a smart investment for some people.
“I think that investing bitcoin is definitely an excellent way to start the day,” he told Forbes.
“It’s the cheapest currency in the world, so you can invest in a currency that is basically free.
It’s also pretty easy to buy and sell.
You can buy bitcoins, which is a digital token, for $15,000 or $20,000 and sell them for $50,000.”
Lee’s list of cryptocurrencies he’s looking at is extensive.
Here’s a rundown of the top cryptocurrency investments you can make right now.
Invest in cryptoassets in your 401(k)s, Roth IRAs, and SEP accounts.
Roth IRASs and SEPs are popular investments for some retirees because they’re easy to invest and easy to get started with.
They also offer tax advantages and they don’t require a brokerage account to make a profit.
“There are some other things you need to consider,” Lee said.
“Like, are you a single person or a couple people who want to make sure you have enough money in a Roth IRA to cover a rainy day?”
He said that a Roth 401(K) can earn $1,000 a year, and a Roth SEP can earn as much as $1 million a year.
He also noted that some cryptocurrency investments like gold and bitcoin can be more volatile than stocks.
“The volatility can be much higher than stocks, and that’s a problem for a lot of people,” Lee told Forbes, “especially those with 401(ks) or SEP savings accounts.”
Invest in cryptocurrencies on a monthly basis.
Investing in a portfolio of cryptocurrency assets that you can trade regularly and at your own pace will help you build a portfolio that’s more diversified and can handle fluctuating crypto-markets.
You might want to consider investing in more than one crypto-currency at a time, so that you don’t get caught in the same cycle of volatility that many investors do.
“You can diversify your portfolio by investing in gold, silver, or other cryptoassets that can fluctuate,” Lee explained.
“For instance, if you are a regular user of gold and silver, then you can diversate by buying gold and buying silver.”
He said you might consider investing gold in your brokerage account, or you could invest in silver in your account, which has a lower risk of losing value.
“If you’re a regular investor, you can also buy some silver on an exchange,” he added.
“Buy some silver, put it in your Roth IRA, and sell it to your brokerage.”
Invest your money in some of the most popular crypto-cryptocurrencies right now:Bitcoin.
Lee said that the cryptocurrency he’s focusing on right now is the digital currency bitcoin.
“Bitcoin is the first coin that’s really really been doing well,” Lee stated.
“And, it’s a great investment.
It has very low volatility.
If it goes down, then it’s going to be back up.
And, if it goes up, it will be back down.
It really is a fantastic investment.
If you invest in bitcoin, it can also earn you a lot in dividends.
It can also be a great way to buy into a lot more cryptocurrencies.”
You can invest a lot into Bitcoin right now,” Lee added.