How can I invest in cryptocurrencies using my Schwab IRA?

3 answers

• Lane NormanNov 30, 2020 · 5 years ago
  To invest in cryptocurrencies using your Schwab IRA, you can consider using a self-directed IRA. This type of IRA allows you to have more control over your investments, including the ability to invest in cryptocurrencies. However, it's important to note that not all self-directed IRAs allow cryptocurrency investments, so you'll need to check with your IRA custodian or financial advisor to see if it's an option for you. Additionally, keep in mind that investing in cryptocurrencies can be highly volatile and risky, so make sure to do thorough research and consider your risk tolerance before making any investment decisions.
  628

  314
• noraNov 21, 2020 · 5 years ago
  Investing in cryptocurrencies with your Schwab IRA can be done through a self-directed IRA. This type of IRA allows you to invest in a wide range of alternative assets, including cryptocurrencies. However, it's important to understand the risks involved with investing in cryptocurrencies, as they can be highly volatile. Make sure to do your due diligence and consult with a financial advisor before making any investment decisions.
  433

  145
• SHREE RAM SUNDAR TOct 01, 2020 · 5 years ago
  Investing in cryptocurrencies using your Schwab IRA can be done through a self-directed IRA. With a self-directed IRA, you have the flexibility to invest in a variety of assets, including cryptocurrencies. However, it's important to note that not all self-directed IRAs allow cryptocurrency investments, so you'll need to check with your IRA custodian or financial advisor. Additionally, keep in mind that investing in cryptocurrencies carries a high level of risk, so it's important to carefully consider your investment goals and risk tolerance before making any decisions.
  575

  144