Over70irregs
Well-Known Member
Not liking how fast this stuff is rolling out. Credit, mandatory home upgrades, tariffs, single family zoning. Kids are up against serious odds. Do your research gentlemen. Good fortune.
Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?
- Thread starter Over70irregs
- Start date
The rest of the world is already downsizing on how much United States debt they buy
Over70irregs
Well-Known Member
Japan is saving our bacon
The job of the pension is to provide stability in retirement.
Bitcoin is not, and has never been an asset that could be regarded as “stable”.
In its current state it is unfit to be what backs our pensions.
I discussed something similar with a coworker in 2017.
He had half a million dollars in some altcoin from like 5k in investment.
Wouldn’t pull any out.
Two months later, he had lost about 300K.
Always take some profit off the table.
100%ORIONComplianceGuy
25+ Year UPSer and Teamster
We want stability. But not stagnant like growth. Bitcoin counters inflation and, for that reason alone, should be included in any retirement plan. How much is a $3500/month pension worth twenty years from now after inflation?
And its Sharpe ratio is positive from inception to now. As high as 5.18. Volatility isn’t automatically a bad thing.
Over70irregs
Well-Known Member
We told them don’t you dare liquidate our treasuries.
We will pay the deserved price. When you have funded/underfunded plans it shows lack of planning and communication. This here is unfit and needs to be called out considering how heavy people are with its backing…
Over70irregs
Well-Known Member
Altcoin…… Post is about ETF. If personally rolling with alt chunk $ dine and dash. You will get burned.
This is false.
Bitcoin *currently* has a fixed supply, with the promise of collective wisdom preventing future inflation.
I do not trust this to be a constant therefore.
It is in a pension.
You brought up GameStop, so altcoins are on the table as well.
And post in English. The cryptic half sentences are unhelpful to your cause to say the least.
I think he meant we should all buy some I bonds
Thebrownblob
Well-Known Member
I’m a little bit confused. I thought true cryptocurrency champions hated fake Fiat backed by our federal reserve. Why would they want bitcoin to be an investment vehicle for something that pays out in Fake fiat?
Over70irregs
Well-Known Member
Don’t have to trust. You can run your own node to verify for yourself. Ask the people in Central Pension how trust went. If they could have verified their funds it would not be underfunded and/or made adjustments accordingly.
The trustees have a fiduciary duty to protect the assets in their care.
Speculation on Bitcoin would be irresponsible.
The problem with the Central States and many other funds , if they was multi-emporter funds.
Unfortunately too many of these companies had went belly up and no longer contribute
But they still have many orphans collecting pensions
Over70irregs
Well-Known Member
We told them don’t you dare liquidate our treasuries.
Your reaching…grasping. Relax. Siri makes it hard on me sometimes with talk to text.
The government needs the control its spending.
The FED really messed up after covid when I started issuing short-term treasuries
The rights was very low they should have done 10, 20 and 30 year treasuries
At 1% or less
Over70irregs
Well-Known Member
No worries. They will eventually. There is a halving that waits for no one.
