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A comment on After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors. Parent comment

Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by Retric on Tuesday August 21, 2018 @03:25PM (#17812863)
Because of minimizing risk, and minimizing transaction fees.

If you buy 100 stocks and 10 of them go to 0 you are out 10%. However, if the other 90 stocks are up more than 15% then you have gained a little money.

But, if you buy 100 different stocks by hand then you pay 100 different transaction fees and have to keep track of them independently for tax etc.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by jonas21 on Tuesday August 21, 2018 @03:46PM (#17813042)
I'm pretty sure you still need to pay taxes on the dividends even if you're reinvesting them.
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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by Retric on Tuesday August 21, 2018 @04:53PM (#17813710)
Sorry, your right.

There are tax advantages, but it's more complex than simply not paying short term capital gains on dividends.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by tedunangst on Tuesday August 21, 2018 @04:14PM (#17813330)
If it's an IRA, there's no tax unless withdrawing.
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