Crypto
Independent Solutions Wealth Management

Independent Solutions Wealth Management

Is the Trend in Crypto Sustainable?

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Cryptocurrency continues to grow in popularity in the investment world. As a result, investors are interested, yet hesitant, when approaching the currency due to its volatility and the lack of knowledge or understanding of this modern currency. Chief Investment Officer at Independent Solutions Wealth Management connected with Nathan Ramos, founder of NR Capital, to dive deeper into the cryptocurrency realm.

Independent Solutions Wealth Management is a firm that specializes in asset allocation- typically utilizing mutual funds, ETFs and individual stocks.

“We are constantly getting the questions that I’m sure every financial advisor is getting ‘how can I invest, and/or should I be investing in crypto currencies’. While our investment committee has two CFAs, and close to 200 years combined experience in equity and fixed income markets, sometimes it is best to, shall we say, go a little younger and learn from someone who’s done a ton of research, someone who is actively investing in crypto, even mining crypto, to answer some of the questions our committee has received from advisors and their clients.” – Dan Neiman, CIO

After many hours spent conversing with Nathan at the Peak conference this year, Dan now considers Nathan to be his “expert on all things Crypto” and our team felt this is a conversation that all Peak reps could benefit from. Last week, Dan and Nathan joined together via Zoom and we are sharing this valuable information with you all today. Below are some highlights from the discussion, or you can watch the full interview linked at the bottom of this email.

Interview Highlights

Crypto Indexes

Crypto with Clients

Taxing Crypto

Initial Questions

  1. How should we look at Crypto at this point? Is it an investment, a hedge, a quasi-future currency, a commodity, or is it purely speculation like going to the roulette table and spreading your chips around the board hoping to hit a number at 33 to 1?

  2. When we were talking a couple of weeks ago, I mentioned my problem with investing in crypto is I will be sleeping at night and computers are dictating the movement of the price and I could wake up down or up without even knowing what caused the movement? So, I ask, what do you think the upside/ downside profile is on Crypto? Is it different for different currencies like a more established Bitcoin vs the newest one we’ve heard all about Dogecoin?

  3. What do you think Crypto’s most important quality is, and will that be enough to keep it around long enough to become a true investment?
  4. Is the trend in crypto sustainable?

For Nathans’s insight on Crypto and his responses to these questions, you can watch the full interview (linked here).

For Investment Professional use only, not for use with the public. For informational purposes only, not to be taken as investment advice. Cryptocurrencies are currently an unregistered and unregulated investment. They are subject to increased risks, market manipulation, potential fraud, and extreme volatility that could result in significant losses. They are not suitable investments for everyone. For Investment Professional use only, not for use with the public. For informational purposes only, not to be taken as investment advice.

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