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re: Retirement investment options and expected return
Posted on 5/11/24 at 9:13 am to Beessnax
Posted on 5/11/24 at 9:13 am to Beessnax
quote:
Bitcoin and investment are contradictory in the same sentence
I respect your opinion, and a lot of people feel the same way as you do.
I've been a believer in Bitcoin since 2016. I'm not sure what to call it if it not an investment. Maybe "massive money maker for those who can handle significant volatility".
Concerning BITO, it's the best Bitcoin related non-investment in my opinion. If you take it's latest dividend, multiply it by 12 and divide by it's closing price on May 1st (ex-dividend date), it has an annual yield of about 80% just based on that single payout. The dividend has been steadily increasing, so actual yield is less (about 18% actual yield) factoring in the previous 12 month's total dividends. Not bad at all for a non-investment.
This post was edited on 5/11/24 at 9:27 am
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