Not that I am against it, it’s just what is at the heart of it.
coinfeeds-bot on
tldr; President Donald Trump is set to sign an executive order allowing alternative assets like private equity, cryptocurrencies, and real estate into 401(k) retirement plans. The order directs the U.S. Secretary of Labor to review fiduciary guidance on private market investments in defined-contribution plans governed by ERISA. This move is seen as a victory for private asset managers and could expand investment options in 401(k)s, which collectively hold $8.7 trillion in assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
lordofmass on
Dumbest fucking thing ever.
Aggravating-Bonus-73 on
As a European with a bag in crypto I love it.
If it was my president – I would be pissed I guess.
Investing in crypto for your retirement and holding it for 30+ years is fucking crazy xd
fuckofakaboom on
Ehh…kinda. It’s still up to the plan administrators…
All of “private equity, real estate, cryptocurrency, and other alternative assets” have been allowed in self directed retirement accounts for years.
Gerbrandodo on
Nice, good plan. All tailwind for Crypto is good.
therolando906 on
Great, so our retirement money can be invested in highly unregulated markets. This is a disaster ready to happen.
Stepup2themike on
Yeah. Thats not what presidents do. Lacks the authority, does it anyway. Pure political BS that you’re amplifying by implying there is ANY legitimacy to his “order” at all. Cut the shit.
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Anything to help his rich friends get richer.
Not that I am against it, it’s just what is at the heart of it.
tldr; President Donald Trump is set to sign an executive order allowing alternative assets like private equity, cryptocurrencies, and real estate into 401(k) retirement plans. The order directs the U.S. Secretary of Labor to review fiduciary guidance on private market investments in defined-contribution plans governed by ERISA. This move is seen as a victory for private asset managers and could expand investment options in 401(k)s, which collectively hold $8.7 trillion in assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Dumbest fucking thing ever.
As a European with a bag in crypto I love it.
If it was my president – I would be pissed I guess.
Investing in crypto for your retirement and holding it for 30+ years is fucking crazy xd
Ehh…kinda. It’s still up to the plan administrators…
All of “private equity, real estate, cryptocurrency, and other alternative assets” have been allowed in self directed retirement accounts for years.
Nice, good plan. All tailwind for Crypto is good.
Great, so our retirement money can be invested in highly unregulated markets. This is a disaster ready to happen.
Yeah. Thats not what presidents do. Lacks the authority, does it anyway. Pure political BS that you’re amplifying by implying there is ANY legitimacy to his “order” at all. Cut the shit.