ETHE Premium Low Enough To Take Advantage
Making some changes in my ROTH IRA. I held on to a losing position for way too long and today I decided to do something about it.
I should have added to my gold positions or speculative tech since I probably have too much exposure to crypto already. However I have been watching the premium chart on ETHE for some time and now feel like it is low enough for me to be able to add crypto exposure to my Roth IRA and have the potential for tax free gains.
I will never put the majority of crypto exposure into custodial entities since not your keys not your coins but at less than 40% premium I feel like it is the ideal time to build a small position relative to my eth holdings to provide some tax shelter encase ETH ends up mooning.
Now I must decide if I should reduce my held crypto exposure to keep the overall portfolio balanced between traditional markets and crypto markets. I will use the long weekend to meditate on this decision.
Wishing everyone the best of luck during these volatile times. Cheers!
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.
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