You can, but some may want to hedge human error by having retirement account funds in a btc etf.
Discussion
what human error?
Loss of private key material, etc
Holding your own keys is not without risks, especially when inheritance planning is involved
The people being onboarded these days and moving forward are not all technically competent. An ETF product is best for some.
I also am currently getting a company match on 401k, and am practically forced to have an HSA rn. Looked into unchained and doesn't solve my issues at this time while I'm a wagie
Your company sponsored 401k lets you buy MSTR of ETFs?
Either. I elected to self direct, currently entirely in FBTC but debating making the switch to MSTR. Just don't want it to be an emotional decision
Must be nice haha
Yeah I get it. You’ll just have to decided if you think the MNAV is lower or higher than what you think it should be.
For real lol. Perks of having Fidelity as the brokerage my company uses
Mine uses Fidelity as well, but I can’t select individual stocks or ETFs of any kind.
Same for my sisters Fidelity sponsored 401K. Fucking criminals. They only allow those gay yearly managed funds. Pick a year, trust us.
FUCK YOU. 401Ks are a scam. Better to quit the job, transfer to a self managed IRA & then get rehired & opt out of doing the 401K going forward.
Basically what I did
It really is the smartest play.
My sister is old school though. And thinks it will be disloyal. Not a winnable argument for me.
I had those options only as well + some others, but there is a last option that is 'Brokerage' something that I had to select and jump through some hoops to do.
Feel free to dm for more details or any help needed
The company you work for has to allow it. Hers does not. I know the “brokerage” option & went down that road. Not an option.
Are you sure you can't self direct? I had to jump through some hoops but was able to get it setup. Feel free to DM me to link up over signal to talk more details
Yeah, I’m sure. I called Fidelity multiple times, lol. My company is lame like that. You can jump through some hoops to gain access to mutual funds, but that’s not any better than what you can do already.
you made it sound like people who already hold btc benefit from an etf in retirement account because they don’t need to handle keys. this reasoning works for different people, not the same ones
I meant that as well.
Some people are more prone to losing private key material, but anyone can lose it or have it stolen. So anyone can use an ETF product as a hedge against that risk.