I have been looking to gear up for the next Crypto Bull Market which I believe is likely to kick off properly some time in 2024. I had previously sold a fair chunk of my Crypto portfolio in 2021 and 2022 to pay for the house we finished building this year. I didn’t exactly catch the peak prices of the last Bull Market but I did OK. However, today I don’t have a lot of liquid funds to be buying anything so I’ve been looking at different options to build up my exposure to Crypto....
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I do have a decent amount of funds tied up in my Superannuation Fund. In Australia we call it Superannuation but it’s basically government forced savings for retirement. In the US they call it a 401k Plan and no doubt in other Western Social Democracies they have other names for them too. Traditionally the Superannuation Funds here have a limited number of choices for you to invest in, you choose from options like High Growth, Diversified or Fixed Income and the bean counters behind the scenes manage the investments for you.
Many years ago I had moved to a new Superannuation product called Living Super from ING Direct and I’ve just found out that they are now being taken over by OneSuper. With Living Super I was able to hand pick specific investments from the ASX300 (Top 300 Listed Companies on the Australian Stock Exchange) and I liked it because it gave me the option to invest directly in Gold Mining Companies plus Gold and Silver ETFs (Exchange Traded Funds). I did quite well with Living Super in 2019 when the Precious Metals went on a tear and I managed to double my accounts value over a few years.
However, today I want to get some exposure to the Crypto markets but I just can’t do it with Living Super so I am looking to set up a Self Managed Super Fund for the extra freedom to chose from an even broader range of investments. I’m currently looking at eSuperFund which provides low cost SMSF set up and management services and they have a built in offering called eBroking which is a front end to CMC Markets Stockbroking that I have already used for share trading. Via CMC Markets you can trade EBTC and EETH which are ETFs for Bitcoin and Ethereum. They also partner with Paxos to offer Cryptocurrency products with trading pairs against the US Dollar for BTC, ETH, AAVE, BCH, LINK, LTC and UNI.
On top of all that I can also use an eSuperFund account to set up a SMSF account with Australian Regulated Exchanges such as CoinSpot or Independant Reserve to get a more direct exposure to Crypto. Of course I know that if I don’t hold it I don’t own it, but the truth is that I CAN'T really hold my own Retirement Funds – by law, so going this route is perhaps a lesser evil.
What about you? Do you have your regulated retirement fund invested in Crypto at all? If so, how did you do it and are you happy with it? It seems to me that retirement savings getting into Crypto could be a massive sector of growth for the next Bull Run.
DISCLAIMER - This is not financial advice