re: With Jan 1 approaching...where are you putting your IRA money?

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While I agree that one should not chase dividends (going after essentially self-liquidating equities with excessively high payouts), it is important to remember that since 1930, approximately 40% of the returns on U.S. stocks has come from dividends.

So I would tend to use a dividend strategy similar to Buffett’s: steady, sustainable and growing.

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Not to mention that these dividend players have not been great, but will shine when rates start falling.

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this. if it was me I'd probably just put it in the money market and buy the next dip

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This is what we did earlier this year for tax year 2022. Will probably do the same for this tax year. Still waiting for that dip.

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So I would tend to use a dividend strategy similar to Buffett’s: steady, sustainable and growing.

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Same, I use SPYV and two dividend yield ETFs for one of our IRAs. Still do tech ETFs too.

GBTC - Up 352.88% in 2023

Conversion to Spot ETF imminent, plus Halving in April 24 should make 2024 even better than 2023.

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How? That seems insane.

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Demand Catalyst: Conversion to Spot ETF

Supply Catalyst: Halving in April 24

There are other demand catalysts. Regulatory clarity, world wide Bitcoin adoption increasing. There are a dozen BTC Spot ETF applications from BlackRock, Fidelity and other large asset management companies. Once approved they will be trying to buy massive amounts of scarce Bitcoin. Just this week Argentina announced business can be conducted there in Bitcoin, and President Macron said he wants France to be a Bitcoin hub. We are on the verge of worldwide Bitcoin FOMO.

The near term risk is SEC Chairman Gary Gensler pulling the rug out by delaying or not approving BTC Spot ETFs by Jan 10th. The SEC has been behaving like they are approving at least some of the ETF applications. $$$$BlackRock$$$ and $$$Fidelity$$$ have a lot of political influence. There is some risk that is just a head fake, as Gensler and Elizabeth Warren hate Bitcoin and Crypto for political and other reasons.

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For someone who just opened a Roth earlier this year at 28 yrs old and is depositing $100 a week, what would be general advice?

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First congratulations. You are way ahead of the game. Your investment will double every 7-10 years so time is your greatest advantage (rule of 72).

Second never buy an individual stock for retirement investing. Go index all the way and distribute your risk. You really only need some combination of S&P 500 index, total stock market index (VTI), and/or small cap index. Don’t overthink it.

Third if you buy individual stocks outside of your Roth, realize this is mainly a hobby for you and gambling with better odds than Vegas. You cannot beat the market consistently and are not smarter than Wall Street. Index funds are still your best bet.