Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Fogel
Mr. Poopybutthole
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As Khane already said, most ETFs will have an expense ratio higher then their index fund equivalent. The main reason to use an ETF over an index fund is if you want to be able to buy or sell any time of the day where as index funds only trade at closing. ETFs will also give you access to options.
Furry
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VOO Expense ratio is .03%, and that's the ETF I hold the majority of in my account. I really wouldn't start sweating what the expense ratio is unless it gets absurdly high. Anything less than .1% is pretty low.
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Haus
I am Big Balls!
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When looking my usual modus operandi is to determine what I want to sink some money into, identify the ETFs that cover it effectively, compare their returns (usually with an eye on 1 and 3 year) , and the last step is to look at expense ratios if I end up in a dead heat tie.
Gravel
Mr. Poopybutthole
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If you're investing with Vanguard, there's basically no difference. The downside to an ETF would generally be you need to buy whole shares, but Vanguard allows fractional ETF shares. It's basically whether you care to be able to trade during the day or if you don't care if it's after close.
Flobee
Ahn'Qiraj Raider
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Narrative for 2026 just dropped. Agree? Disagree? It doesn't matter, if you're not tracking on how this administration is shifting monetary policy and the corresponding efforts to shift the overton window on issues like taxes I'd say you're flying blind.
Bitcoin "influencer" video but not really about Bitcoin. As I've said in the past this channel is useful because they essentially just take Financial twitter and make thematic pieces on whats going on. I think this particular narrative has legs. I question how organic it is, but it needs to happen sooner or later.
Bitcoin "influencer" video but not really about Bitcoin. As I've said in the past this channel is useful because they essentially just take Financial twitter and make thematic pieces on whats going on. I think this particular narrative has legs. I question how organic it is, but it needs to happen sooner or later.
Haus
I am Big Balls!
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First thing you have to do if you're going to attempt a "Tax Revolt"... You need to move your assets to somewhere the government can't just make a phone call and seize.
How many of us are even VAGUELY near that point? Considering anything in a bank, or anything in the stock market that you have in a brokerage account is vulnerable to quick and easy seizure. Even property you own is vulnerable (ask anybody who hasn't paid property taxes). I can tell you that currently only around 3.1% of my assets are in places where the government couldn't functionally seize them.
If this board were full of people truly ready to throw this down the Prepper thread would be the busiest thread on this board.
I will give him credit, that BurnTheFed clip is possibly one of the best and most succinct explanations of the system and how it screws people I've seen. I'm actually going to bookmark that to show to certain people.
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Flobee
Ahn'Qiraj Raider
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Oh it's not a good idea, but the fact that it's gaining the traction it is means something. The number of people questioning whether or not things need to be the way they are now is relevant to the discussion of this thread.
I'm not even saying this is a good thing, just inevitable, and something any investor should be paying attention to IMO. Things -will- change at some point, regardless of whether it's now or later and we currently have an administration that's actively pushing for this kind of change
You think it's a coincidence that Trump is hitting the IRS and talking about repealing income tax as this sort of narrative is taking off? All the while his family is going all in on Bitcoin? They're already heavily into "real" assets.
Personally I am pretty suspicious of how this has taken off, a whole lot of people saying the exact same phrases all at once. Doesn't change the fact that it's the sort of thing anyone reading this thread should be paying attention to. Things are changing fast.
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Arden
Vyemm Raider
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Pretty sure this just brings BTC in line with normal bank accounts. CA can take custody of dormant bank funds after ~3 years.
Also, CA doesn't automatically liquidate your BTC or anything. It basically just holds it in a trust for you- indefinitely. Same thing with cash from long-term inactive bank accounts. If you want it back you can always just file a claim for it.
Additionally, there are notification requirements before the state takes custody of either your cash or your crypto. You'd have to totally ignore the notices for them to custody your crypto.
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Arden
Vyemm Raider
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Me? I'm not advocating for anything one way or the other lol. Just pointing out that it's not like the "government" can just make your Bitcoin go poof in 3 years.
Also, the government has a ton of authority over both you and your shit- that's what laws are.
Flobee
Ahn'Qiraj Raider
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A single stroke of the pen allows them to do just that.
No argument of how things currently are regarding government authority, however I believe the point being made is in regards to what the governments role is supposed to be. One of the biggest psyops of our generation is to believe the government has the right to do anything to you outside of very strict guidelines. Government exists to serve the people, not to extort us. At least in the US. Just a light reading of the founders makes this abundantly clear. The fight of our lifetime will likely be to reclaim this sovereignty or to have it usurped entirely so that our children's children won't even know it existed in the first place.
In a sense, this is exactly what Bitcoin is about. Separating the creation of money from state removes a dramatic amount of their ability to project power and puts them much closer to their originally intended role. Go read Adam Smith for a clearer idea of how our founders felt about a government (banks really) that can create money. This is, at its core, a struggle against tyrannical rule, we've just become anesthetized to what is happening to us.
Deracination, we are a conquered people.
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TJT
Mr. Poopybutthole
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Seananigans
Honorary Shit-PhD
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I think states take control of certain assets that have been abondened or idle for a certain period. But at least in the states I have lived in once a year they publish the names of all the people that need to claim whatever. A few years ago I was on the list and got a final check that I think I was paid twice. Big differnce in taking idle stuff and keeping it and taking it and giving it back once the person has been located.
Mine was a bonus check and not a regular paycheck. Kind or surprised TX didn't require anything other than a "yes that's me and I lived at that address but moved".
Mine was a bonus check and not a regular paycheck. Kind or surprised TX didn't require anything other than a "yes that's me and I lived at that address but moved".