Dollars and Hops

Author: Dollars and Hops

Two best friends since the 6th grade who have grown to share a passion for craft beer and personal finance. Scott and Lance share what they have learned and what they are continuing to learn in the world of personal finance to help you optimize your financial future. From methods and philosophy on money, investing, tools used, strategies, headlines, tackling listener questions, and the craft beer Hops Showdown each episode - The Dollars and Hops Podcast keeps it educational, relevant, engaging and fun. www.dollarsandhops.com Subscribe wherever you listen!
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Language: en

Genres: Business, Investing

Contact email: Get it

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049 | Bitcoin ETF's | How Do I Create Generational Wealth? | Tecate or Sol?
Friday, 3 May, 2024

We’re back!!! Today going to do a deep dive into Bitcoin ETFs Money Hack of the Week: Cancel unused subscriptions. Go to settings on iphone, click your name, tap subscriptions to review active subs Amazon: Accounts and lists: Other subscriptions Check your credit card statements Main Topic: The Bitcoin ETF What is it? A way to buy into BITCOIN without opening a crypto wallet. Nice thing about an ETF is that it’s like owning a security Will get 1099 tax statements - don’t need to track on your own Also - very secure. REGULATED Essentially you’re buying into a fund that owns the bitcoin. The price of the ETF fluctuates just like the price of bitcoin. What are some of the best Bitcoin ETF funds? Is it safe? Do we think Bitcoin will go up in value? Will institutional investors drive the price up? Range in cost (expense ratio) from .19% to 1.5% Franklin Bitcoin ETF EZBC - .19% E.R. Bitwise Bitcoing ETF - BITB -.2% E.R. These funds essentially just hold Bitcoin in a coinbase account Questions that need answers -PLEASE WRITE US AT QUESTIONS@DOLLARSANDHOPS.COM What are some strategies for listeners to build and pass on generational wealth, ensuring financial stability for future generations? I have a 401k at work - what should I invest in to stay diversified- what’s best?